Page 2 - Dbp S News Today

The company said it no longer considers it prudent to maintain its previously targeted schedule and capital estimates.

German energy firms Sefe and Uniper have awarded some traders millions of dollars in bonuses for 2022, four sources familiar with the matter said, just months after the companies were rescued with multi-billion bailouts as Russia halted gas supplies.

Sanctioning will await UK decision on proposed gas-fired power plant. [Image: Net Zero Teesside]

Amid a severe economic crunch, foreign exchange reserves held by the State Bank of Pakistan (SBP) reduced to just USD 4.5 billion and left with an import cover of only under a month, sources told Geo News on Saturday.

BP paid the Azeri government $10.59bn in production entitlements and other fees last year. [image credit: BP]

Surging gas prices have opened up an opportunity for West African LNG projects, the minister said.

Despite increasing cash flow to $8.2bn, BP has sunk to a $20.4bn loss thanks to a colossal write-down on its Russian activities.

The profit was driven by higher hydrocarbon prices and output at fields including Norwegian North Sea asset Skarv.

The Technip spinout expects accelerated growth for its business in the wake of a $77.8mn adjusted profit for the first quarter.

The terms of Enis contract renewal for offtake through the Algeria-Italy link have been expanded to supply 9bn m3/yr sometime in 2023 or 2024.