Oil & Gas Industry News
A member of the Iranian parliament said on January 18, 2018, that the country can generate up to $12 billion annually from 6 projects of the supergiant South Pars gas field in Persian Gulf.
Saad Sherida Al-Kaabi, Qatar Petroleum CEO, left for China at the head of an official delegation to discuss on January 10, 2018, cooperation in the energy field.
Eni has spud a new oil well from the Spy Island drillsite, a manmade island in the Beaufort Sea, offshore Alaska, the Bureau of Safety and Environmental Enforcement (BSEE) reported on 27 December, 2017.
European Union’s Innovation and Networks Executive Agency (INEA), GAZ-SYSTEM and Slovak Eustream signed the Grant Agreement for the construction works for the planned Poland-Slovakia Gas Interconnection – a new cross-border transmission pipeline, of which approx.
BP on December 20, 2017, confirmed that production has started from the super-giant Zohr gas field, offshore Egypt.
ABB will provide Woodside, Australia’s largest independent oil and gas company, with a PowerStore™ Battery storage system that is capable of remote management of operations and service.
European customers purchased 40 % of Iran’s crude oil exports in the month of November, Iranian Shana reported on December 3, 2017.
Total announced 1st oil from the Libra mega-field, located in ultra-deep waters 180 kilometers offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil, the company reported on November 27, 2017.
Oil major BP reported on November 21, 2017, that it will sell its interests in 3 North Sea fields to Serica Energy.
Vietnam could receive a significant boost to its natural gas supplies after signing 2 agreements during the APEC Summit to buy gas at home and from Indonesia.
Algeria’s state-owned oil firm, Sonatrach, announced on November 6, 2017, investments totaling $2 billion to maintain production levels at the country’s largest gas field.
Iranian President Hassan Rouhani voiced on November 1, 2017, Iran’s readiness to cooperate with Azerbaijan in carrying out oil exploration projects in the Caspian Sea.
Argentina’s oil company YPF announced on October 26, 2017, plans to invest more than $30 bln over the next 5 years to boost its oil and gas production capacity as well as power generation capacity.
Chevron has temporarily suspended oil and gas drilling activity in Iraqi Kurdistan, the company said on October19, 2017, in the latest setback to the region following recent unrest.
Russia´s Novatek, France’s Total and Italy’s Eni, acting as a consortium, have made the only bids in Lebanon’s 1st offshore licensing, the companies announced on October 16, 2017.