Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of Mozambique LNG project, to declare force majeure.

Net income for the first quarter of 2021 increased to SAR 81,440 ($21,717), from SAR 62,478 ($16,661) for the same period in 2020, primarily driven by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly offset by lower crude oil volumes sold.

For the year ended December 31, 2020 profit attributable to the owners of PJSC Gazprom amounted to RUB 135,341 million.

Basrah Gas Co., which counts Shell, Mitsubishi Corp. and Iraq's state-owned South Gas Co. as shareholders, will boost its production to 1.4 Bcf/d from the current 1 Bcf/d by 2025 at a cost of $3 billion,

In recent times many countries are viewing hydrogen energy as an area essential for the implementation of national low-carbon development strategies. However, hydrogen is a secondary energy source, i.e. additional energy is required to produce it, which has an effect on its cost price.

Baker Hughes Company Announces First Quarter 2021 Results

First quarter revenue of US$964 million was stronger despite the contractual 3-month lag in oil-linked LNG prices and lower overall sales volumes

India's crude imports fell 10.3% year on year to 201.5 million mt in 2020, or 4 million b/d, data from the Petroleum Planning and Analysis Cell showed, as oil products demand in 2020 posted negative growth for the first time in nearly two decades.

The Sinopec award comes on the heels of an agreement between Iraq and Total to jointly work on developing four associated gas and solar power projects.

Preliminary production figures for March 2021 show an average daily production of 2 094 000 barrels of oil, NGL and condensate.

Gas imports are forecast to increase by 12.5% to 159 bcm in 2021, including 104 bcm of LNG and 55 bcm of piped gas.

Santos notes the announcement from Fitch Ratings (Fitch) assigning Santos a BBB credit rating with stable outlook.

On March 18, US Secretary of State Antony Blinken issued a warning to entities involved in the Nord Stream 2 project that they risk "US sanctions and should immediately abandon work on the pipeline."

"We will continue to register any organization that may be involved in any sanctioned activity, and have made it clear that any company risks being penalized for participating in Nord Stream 2," Giordono-Scholz said.

The two leaders are to hold broad talks on steps to further improve bilateral relations and to chair the first meeting of the Turkey-Libya High Level Strategic Cooperation Council.