Jersey Oil & Gas Completes GBA Development Solution
Jersey Oil & Gas gas announced that it has finalized the Greater Buchan Area (GBA) development solution.
News / International
Al Mazrouei: UAE to Invest AED 150-200B by 2030 in Securing Energy Demand
The UAE’s Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei, announced that his county will invest between AED 150-200 billion by 2030 to meet energy demand while sustaining economic growth in the UAE.
Iran’s Natural Gas Exports Rose to 18.9 bcm in 2022
According to data released by the Energy Institute (EI), Iran's natural gas exports has reached 18.9 billion cubic meters (bcm) in 2022, increasing by 9% compared to 17.3 bcm in 2021, IRNA reported.
Saudi Arabia Deepens Its Oil Cuts in July
Saudi Arabia announced deepening its oil cuts for July pushing the prices higher despite concerns over a global economic slowdown and possible further interest rate increases from the U.S. Federal Reserve.
ADNOC Gas Awards $1.34B Contract for New Natural Gas Pipeline
ADNOC announced that it has awarded a contract of $1.34 billion to Petrofac Emirates LLC and the Consortium between National Petroleum Construction Co. PJSC and C.A.T International Ltd. to expand its natural gas pipeline network.
Wood Awarded Contract Extension by BSP
Global consulting and engineering leader John Wood Group (Wood) scored a spectacular contract extension by Brunei Shell Petroleum (BSP).
OPEC Secretary General: Global Energy Demand to Rise 23% by 2045
OPEC, Organization of the Petroleum Exporting Countries, anticipates that global energy will increase by 23% by 2045 and overall demand will surge to 110 million barrels per day, according to Haitham Al Ghais, OPEC's Secretary General, Reuters reported.
TotalEnergies, VNG Ink Agreement to Initiate Green Hydrogen Supply to Decarbonize Leuna Refinery
TotalEnergies has signed a contract with the German natural gas distribution company, VNG, to initiate the future supply of green hydrogen to the Leuna refinery operated by TotalEnergies. According to the deal, VNG and its partner Uniper will construct and run a 30 MW electrolyzer in Bad Lauchstädt to manufacture green hydrogen from renewable electricity.
Exxon, Guyana in Talks to Return Unexplored Offshore Oil Areas
ExxonMobil and Guyana are negotiating over which unexplored offshore areas will be returned to the Guyanese government, Reuters reported.
Equinor Inks Long-Term LNG SPA with Cheniere
Equinor and Cheniere have signed a new 15-year sales and purchase agreement (SPA) to allow Equinor to purchase approximately 1.75 million tonnes per annum (“mtpa”) of LNG from Cheniere Marketing on a free-on-board basis for a term of approximately 15 years from the commencement of delivery of the total amount of LNG volumes.
