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.
Wael Sawan will succeed Ben van Beurden as Shell's CEO when he steps down at the end of 2022, according to a statement from Shell plc.
The first stage of ADNOC Refining's ground-breaking Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi, is about to be finished.
OPEC maintained its predictions for strong growth in global oil demand in 2022 and 2023, citing indications that major economies were performing better than anticipated despite challenges including rising inflation, Reuters reported.
After gas production at Ukraine's Naftogaz took a 2% dip between January and August due to the Russian invasion, the company's CEO Yuriy Vitrenko indicated that he planned to restore production as a result of the Ukrainian military's recent victories.
