Fénix, the world's most southerly gas project, will be built offshore Tierra del Fuego by Wintershall Dea, TotalEnergies, and partners Pan American Energy. The consortium has committed over 700 million US dollars in total.
According to three sources with knowledge of the situation, German utilities RWE and Uniper are close to finalizing long-term agreements to purchase LNG from Qatar's North Field Expansion project to help replace Russian gas, Reuters reported.
ExxonMobil is unsure whether it will submit a bid for new offshore areas Guyana wants to explore because the oil company is increasing production quicker than expected and the South American nation is having trouble agreeing on new oil lease terms, Reuters reported citing an anonymous source.
TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina.
Basrah Oil Company announced that oil loading and exporting operations at the Basrah oil terminal in Iraq have resumed following a spillage that was stopped recently but has since been contained, Reuters reported.
With the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman, TotalEnergies and its partners have signed an exploration and production sharing agreement (EPSA) for Block 11 onshore. Seismic data will be acquired as part of the EPSA activities' first phase in late 2022, and a first exploration well is expected to be drilled in 2023.
Serica Energy has extended Petrofac's three-year contract for maintenance services. According to the terms of the deal, Petrofac will keep providing maintenance execution, maintenance consulting, and metering services to Serica Energy's Northern North Sea asset, the Bruce platform complex, which manages production from its Bruce, Keith, and Rhum fields.
According to a statement from Moscow, Nord Stream 2 will be "replaced" by a different gas pipeline to China.
TotalEnergies has completed the sale of its 18% stake in the onshore Sarsang oil field in Iraqi Kurdistan for $155 million to ShaMaran Petroleum Corp., a company listed in Canada and Sweden that specializes in oil exploration and production in Kurdistan.
A memorandum of understanding (MoU) between Petrofac and the Oman Hydrogen Centre (OHC) has been signed, outlining how the two parties will work together to develop Oman's renewable energy sector's capacity, particularly in the area of green hydrogen.
