14 May 2024
14 May 2024
Gazprom's 2023 net results reported a loss of nearly $7bn in a blow to both the company and Russia's war economy.
In its financial results published on Monday, Petrobras recorded a net recurring profit of 23.9bn reais ($4.63bn) in the quarter ending in March.
The move is part of the company’s strategy to finance development while shifting more capital towards low-carbon initiatives.
QatarEnergy will own 40% and ExxonMobil the remaining 60% stake in the Masry and Cairo concessions off Egypt's north coast.
The contract is for the Xena Phase 3 development to support ongoing production from the Pluto liquefied natural gas (LNG) project in Australia.
Drilled to a depth of 3,400m in 1,200m of water, the Tangkulo-1 well encountered an 80m gas column within an Oligocene sandstone reservoir.
The acquisition comprises stakes in the Mata Mora Norte, Mata Mora Sur, Confluencia Norte and Confluencia Sur.
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