Energean Report Indicates Strong Performance in Egypt During 2024
Energean's performance in Egypt once again proved robust during 2024 with its key Egyptian assets boosting production, according to a company report.
News / International
Vitol to Acquire a Portion of Eni’s Assets in Cote d’Ivoire, Congo
Under a new agreement, Vitol will acquire interests in a number of assets owned by Eni in Côte d’Ivoire and Congo for an aggregate consideration of $1.65 billion at 1 January 2024, with standard cash adjustment at closing.
Iran Successfully Installs Jacket Platform for Belal Gas Field Project
Iran stated that it successfully completed the installation of the jacket platform for the development project of the shared Belal gas field, located in the reservoir block on the border between Iran and Qatar.
MOL Makes New Oil Discovery in the Western Hungry
MOL announced discovering a new oil field near Somogysámson in Western Hungary.
ADNOC Drilling Records 32% Increase in the Revenue in 2024
ADNOC Drilling announced that the full-year revenue increased significantly to a record $4.034 billion, rising by 32% year-on-year and its full-year EBITDA reached a record high of $2.01 billion, up 36% year-on-year.
Baker Hughes Enters into Agreement with Petrobras to Supply SCC Solutions
Baker Hughes announced a joint technology development program with Petrobras to provide a definitive solution for stress corrosion cracking due to CO2(SCC-CO2) in flexible pipe systems.
Naftogaz, ORLEN Sign Contract to Supply Additional 100 mmcm of LNG
Naftogaz and Polish ORLEN, one of the largest oil industry corporations in Central and Eastern Europe, have signed a contract for the supply of an additional 100 million cubic meters (mmcm) of liquefied natural gas (LNG).
Iran Targets to Collect 16 bcm of APG Annually
Iran’s Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28).
CNOOC Starts Production from Two Oilfields
CNOOC Limited announced the start of production from Caofeidian 6-4 Oilfield Comprehensive Adjustment Project and Wenchang 19-1 Oilfield Phase II Project.
Fulkrum Completes Vendor Surveillance for Shell’s Penguins Project
Fulkrum, a global leader in inspection, expediting, auditing, and technical staffing services, announced the successful completion of its vendor surveillance work for Shell’s pioneering Penguins project.
