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Market Chatter: Shell, BP, Total to Invest in Abu Dhabi Natural Gas Project
Shell (SHEL), BP (BP), TotalEnergies (TTE), and Mitsui will invest in Abu Dhabi National Oil's next liquefied natural gas export project, Bloomberg reported Friday, citing people familiar with the mat
Express News | Sources say that Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates will distribute 40% of the shares of the Ruwais liquefied natural gas project to four energy giants, namely Shell, TotalEnergies, bp plc, and Japan's Mitsui.
WTI Moves Below $83.50 Amid Expectations of Increased Supply, US NFP Awaited
West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.
Four international giants including Shell (SHEL.US) and Total (TTE.US) will invest in ADNOC's liquefied natural gas project.
According to insiders, four international companies have agreed to invest in the next liquefied natural gas export project of Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates.
Shell (SHEL.US) is expected to write off nearly $2 billion in Q2, and natural gas sales are expected to be the same as last year.
The impairment related to the suspension of work at the Dutch and Singapore factories has emerged; after achieving outstanding performance in the previous quarters, henry hub natural gas trade business may experience a slight decline.
U.S. Oil Growth Is Slowing. What's Next for Prices. -- Barrons.com
Growing U.S. oil production has played an enormous role in the energy market since the pandemic.