Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.
Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.
Maha’s partnership with Mafraq Energy marks a milestone as Block 70 aims for commercialization.
Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.
An initial public offering of ADNOC Gas could launch as soon as February as the company sharpens its focus on the gas market as Europe seeks to replace all Russian energy imports as early as mid-2024.
International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.
"February LNG delivery disruption is beyond the reasonable control of Eni and due to an event of force majeure. Eni does not benefit in any way from the situation," Pakistan LNG said in a statement.
The deal involved the renewal of an existing agreement originally struck in 2008, according to Libya's National Oil Corp. head Farhat Bengdara.
Baker Hughes earnings per share jump 46% over Q3, but analysts were disappointed they weren’t as high as they expected.
The latest Energy Information Agency report indicated that U.S. oil production was 12.2 MMbbl/d, which compares to 11.7 MMbbl/d at the same time of the previous year, according to Stratas Advisors.