Energy giants BP and Shell unveiled sharp downturns in their usual earnings last week in a rocky third quarter for the sector, with the oil and gas industry failing to match last year’s record profits.
LNG trading was a crucial component in oil majors’ Q3 earnings
The United States became the world’s largest natural gas producer in a matter of years.
BP has brought on stream the Seagull oil and gas field in the UK North Sea.
Earlier this week, reports emerged that Chevron was negotiating LNG deliveries for the European Union, looking at contract terms of 15 years.
Some of the world’s largest national oil companies (NOCs) have improved significantly their resilience to oil price slumps in the near future thanks to huge cash flows and profits in the past two years. But many of those companies face challenges in sustainability and ESG metrics due to governance issues, disclosures, and the lack of Scope 3 emission targets.
If there was any doubt left in your mind whether or not the oil and gas industry is literally running like greased lightning nowadays, it has been reported that ExxonMobil is still seeking out new M&A opportunities – even after the firm’s massive $60 billion acquisition of Pioneer.
Kaduna refinery begins operations Q4 2024 – FG
29th October 2023
Kaduna Refinery
By
Okechukwu Nnodim
The Kaduna Refinery and Petrochemicals Company Limited will be back on stream by the end of 2024, the Federal Government announced on Saturday.
The Senate noted that the PIA implementation had yet to produced any workable coordination or clearing house by which NNPCL, regulators and oil producing companies, coordinate to ensure vital petroleum sector changes.
The Senate noted that the PIA implementation had yet to produced any workable coordination or clearing house by which NNPCL, regulators and oil producing companies, coordinate to ensure vital petroleum sector changes.