Gazprom Establishes Middle East Unit
Gazprom, the Russian majority state-owned multinational energy corporation, is establishing unit in the Middle East, Reuters reported.
News / International
IEA’s Birol Warns of Tight Global Oil Market in H2 2023
The surprising announcement of OPEC+ to implement voluntary production cuts of 1.66 million barrels per day from May until the end of the year could cause tightness in the second half of this year, according to Fatih Birol, Executive Director of the International Energy Agency (IEA).
Petrofac Financial Report Indicates Efforts to Ensure Sufficient Liquidity
Petrofac's released a recent report outlining some of the company's efforts to ensure sufficient liquidity to support its strategy.
TotalEnergies’ Cray Valley Affiliate Completes Sale of Three Product Lines to Pacific Avenue Capital Partners
Product lines Wingtack®, PolyBD® and Dymalink® developed by Cray Valley, a TotalEnergies affiliate, will be acquired by Pacific Avenue Capital Partners.
Harbour Energy, bp to Develop Viking CCS Project
Harbour Energy, bp signed an agreement to develop the Viking CCS transportation and storage project.
Chevron’s Anchor Platform to Give Much-Needed Production Boost
Chevron announced that the Anchor semi-submersible oil platform, part of the company’s U.S. Gulf of Mexico offshore project, is near completion.
Saudi Arabia Maintains Crude Supply to Asian Refiners Despite OPEC+ Cuts
Despite OPEC+’s surprising announcement last weak about extra production cut of 1.16 million barrels per day from May for the rest of the year, Saudi Aramco will maintain the same crude volumes supply to several North Asian buyers, According to Several sources with knowledge of the matter.
GreenIT’s New Business Plan Approved with Financial Backing
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 to Participate in Iraq’s GGIP
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, SMJ Sdn Bhd Ink FOA
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).
