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).
News / International
Iraq, TotalEnergies to Move Forward with GGIP
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.
QatarEnergies Requests Major LNG Order from Baker Hughes for NFS Project
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.
Oil Prices Surge as OPEC+ Suprises Markets with Production Cuts
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.
Iraq Calls on Turkey to Resume Oil Exports After KRG Deal
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.
Tareq Kawash Named Petrofac’s New Group Chief Executive
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.
Wintershall Dea Awarded Second Storage License for CO2 in Norway
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.
bp, Uber Join Forces to Cut Emissions
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.
Eni to Play Leading Role as a Key CCS Developer in the UK
Eni declared that it will play a major role in the decarbonization process of the United Kingdom by being the operator of the transport and storage of carbon dioxide for the HyNet North West CCS project, the first carbon capture projects that will access the £20 billion in funding provided by the government for Track 1 initiatives.
Aramco JV HAPCO Makes Progress on New Refinery, Petrochemical Complex
The Huajin Aramco Petrochemical Company celebrated the groundbreaking of a significant integrated refinery and petrochemical complex (HAPCO). The facility at Panjin, in China's Liaoning Province, is being built by a joint venture between Aramco (30%), NORINCO Group (51%), and Panjin Xincheng Industrial Group (19%).
