1. The 21st Russia International Oil and Gas Exhibition was held last week
The 21st Russia international oil and Gas Exhibition (neftegaz2022) was held in expocentre, Moscow from Monday to Thursday. The exhibition was hosted by expocentre AO and supported by the Russian Ministry of energy, the Russian Ministry of industry and trade and the Russian chamber of Commerce and industry. According to the data provided by the organizers of the conference, 350 companies from 15 countries (including 9 in China) participated in neftegaz2022, with an exhibition area of 35000 square meters.
The next exhibition will be held in expocentre, Moscow from April 24 to 27, 2023
2. ExxonMobil is considering a full withdrawal from Russia by June 24
ExxonMobil (ExxonMobil) has no specific timetable for the withdrawal of all its operations from the United States before June 24.
The company announced in early March that it would withdraw from Russia’s oil and gas business and stop new investment due to the conflict between Russia and Ukraine. According to the company’s latest annual report submitted in February this year, its oil and gas business in Russia is valued at more than $4 billion.
3. Schlumberger expects global oil and gas investment to increase
Schlumberger, the world’s largest oilfield service provider, pointed out last week that the confusion of supply flow will lead to increased investment around the world and the whole energy value chain, so as to ensure the diversification and security of the world’s energy supply.
4. Baker Hughes: the number of oil and gas drilling rigs in the United States increased for the fifth week in a row
Baker Hughes, a US oil service company, released a high-profile report on Friday that as of the week of April 22, the number of oil and gas rigs in the United States, an initial indicator of future output, increased by 2 to 695, the highest since March 2020.
U.S. energy companies increased the number of oil and gas rigs for the fifth consecutive week as high oil prices and government incentives prompted drillers to return to the well pad.
5. Italy reaches gas supply agreement with African countries
In order to reduce its dependence on Russian energy, Italy is looking to African countries. Eni group, an Italian energy giant, said on Thursday that it had signed an agreement to increase its natural gas imports from the Republic of Congo by more than 4.5 billion cubic meters a year through the development of a liquefied natural gas project expected to start in 2023. The agreement is Italy’s latest move to reduce its dependence on Russian natural gas.
40% of Italy’s natural gas imports come from Russia. Since the conflict between Russia and Ukraine triggered Western sanctions against Russia and increased the risk of supply interruption, Italy has always given priority to promoting the diversification of energy sources
Post time: Apr-26-2022