TotalEnergies CEO Patrick Pouyanne met with QatarEnergy CEO Saad al-Kaabi to sign a deal for the North Field South.
China’s oil purchases from Russia have climbed to reap the benefits of a plunge in European buying as the Ukraine crisis pushes Moscow in search of alternative markets.
"Freezing or capping energy bills might help consumers in the short term, but it does not address the real causes and is not the long-term solution," Aramco's Amin Nasser said of Europe's energy bill cap plans.
Saudi Arabia increased its oil exports in July to 7.38 MMbbl/d, its highest output since April 2020.
The new partnership with the Saudi Data and Artificial Intelligence Authority will use Halliburton’s DS365.ai platform to create data science and AI applications and solutions, the Houston-based oilfield services firm said.
The first stage of activities of the exploration and production sharing agreement for an area in Oman called onshore Block 11 will include seismic acquisition in late 2022, with a first exploration well planned to be drilled in 2023, TotalEnergies said.
Oil exports from Iraq's Basra terminal are being gradually resumed after a spill temporarily halted production.
TotalEnergies' current operations in Iraq are comprised of approximately 14,000 boe/d as of 2021, the company stated.