The new 2023-2027 business plan of GreenIT (51% owned by Eni's Plenitude) has been approved by the company’s Board of Directors and the financial support needed for its implementation has been approved by the shareholders.
QatarEnergy announced its agreement to acquire a 25% stake in the Gas Growth Integrated Project (GGIP), a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years.
PETRONAS Carigali Sdn Bhd and SMJ Sdn Bhd have signed a Farm Out Agreement (FOA) to sell 50% of PCSB’s non-operating participating interest in the Samarang Production Sharing Contract (PSC).
In reaffirming their commitment to the Gas Growth Integrated Project's (GGIP) agreement that was signed in September 2021, TotalEnergies and the Iraqi government have jointly defined the necessary conditions and mutual insurances to move forward with the GGIP.
Baker Hughes, one of the world’s largest oil field services companies, declared an order to be booked in the first quarter of 2023 with its partner QatarEnergy to provide two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas.
After the Organization of the Petroleum Exporting Countries and their allies including Russia (OPEC+) shocked the markets by announcing further production cuts of about 1.16 million barrels per day, oil prices increased, making the highest daily rise in nearly a year.
Following a deal between Iraq’s federal government and the Kurdistan Regional Government (KRG), northern oil exports through Ceyhan are planned to resume and Baghdad will write to Turkey to restart pipeline flows.
Petrofac, an international services company that designs, builds, manages, and maintains oil, gas, refining, petrochemicals, and renewable energy infrastructure, announced that Tareq Kawash has been named the company’s Group Chief Executive and Executive Director.
The Norwegian Ministry of Petroleum and Energy have awarded the Havstjerne CO2 storage license in the Norwegian Sea to Wintershall Dea and its partner Altera.
Uber, bp declared a new global mobility partnership that would see the two businesses collaborate to assist Uber meet its goal of becoming a zero-emission transportation platform in the US, Canada, and Europe by 2030 and internationally by 2040.
