THE TRUTH ABOUT: 5 | History Defined

Turkey resumes gas exploration in the eastern Mediterranean

A Turkish ship sets off to drill for gas in the eastern Mediterranean – a move that risks inflaming regional tensions.

Al Jazeera · Aug 9, 2022

PTTEP, Eni discover new source of gas in UAE

PTT Exploration and Production Plc (PTTEP) has discovered a new source of gas in the United Arab Emirates (UAE), described as one of its most significant discoveries in recent years.

Bangkok Post · Aug 1, 2022

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

Asharq Al-Awsat · Jul 31, 2022

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

Asharq Al-Awsat · Jul 6, 2022

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

WEKU · Jun 29, 2022

This Foreboding Sign Looms Over Eni's Chart

If history is any guide, there may be trouble ahead for shares of Eni (NYSE:E). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions.

Benzinga · Jun 28, 2022

NT's Power and Water Corporation buys gas from LNG exporters

The Northern Territory's electricity provider has pulled an emergency lever after its regular supplier could not deliver enough gas.

ABC News · Jun 25, 2022

Europe May Shift Back to Coal as Russia Turns Down Gas Flows

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. Germany, Italy, Austria and the Netherlands have all signaled that coal-fired power…

Asharq Al-Awsat · Jun 20, 2022

Qatar Announces Italy’s Eni as Second Partner in North Field East Project

Qatar signed a deal with Eni on Sunday on the expansion of the North Field East (NFE) Project, the world's largest liquefied natural gas (LNG) project, following on from an agreement with TotalEnergies earlier this month. QatarEnergy CEO Saad al-Kaabi said Eni would own 25 percent of a new joint…

Asharq Al-Awsat · Jun 20, 2022

Russia to 'Intensify' Fighting, Zelensky Warns as EU Decision Looms

Ukrainian President Volodymyr Zelensky warned that Russia was likely to intensify its "hostile activity" this week, as Kyiv awaits a historic decision from the European Union on its membership application. Nearly three months after Russia launched a bloody invasion of his country, Zelensky said there had been "few such fateful…

Asharq Al-Awsat · Jun 20, 2022