Baker Hughes to Sell Russian Oilfield Services Business
Baker Hughes announced that it would sell its oilfield services business in Russia to the local management team.
News / International
OPEC Secretary General Says Russia’s Membership in OPEC+ Crucial
OPEC's new secretary general stated that Russia's membership in OPEC+ is vital to the agreement's success, Kuwait's Alrai newspaper reported on Sunday.
ADNOC Announces Second Gas Discovery on Eni-operated Concession
ADNOC, Abu Dhabi's national oil company, announced today that it discovered natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. It is estimated that a new deeper reservoir contains between 1 and 1.5 trillion standard cubic feet (TSCF) of raw gas.
Iberdrola Collaborates with bp to Help Accelerate Energy Transition
A strategic partnership between Iberdrola and bp was announced today to accelerate the energy transition. As part of their collaboration, the companies plan to significantly expand fast EV public charging infrastructure and develop large scale green hydrogen production hubs in Spain, Portugal, and the UK.
Petrofac Gets First Hydrocarbons from Tinrhert Field in Algeria
With the safe introduction of the first hydrocarbons for the start-up of production, Sonatrach's Tinrhert Field Development Project in Algeria has reached a major milestone. The development will boost both local and export natural gas production capabilities, enabling economic growth.
Neptune Energy Starts Drilling Ofelia Exploration Well in Norway
Drilling has begun on the Ofelia exploratory well in the Norwegian sector of the North Sea, according to a Neptune Energy announcement.
Shell Shatters Profit Record once gain with $11.5 Billion
In addition, the company announced a share buyback program of $6 billion for the current quarter, without raising its dividend of 25 cents. It said shareholder returns would remain "in excess of 30% of cash flow from operating activities".
ExxonMobil Makes New Discoveries Offshore Guyana
Two new discoveries have been made by ExxonMobil offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. With more than 25 discoveries in Guyana this year, Seabob and Kiru-Kiru are the sixth and seventh discoveries.
TotalEnergies, Veolia Cooperate For Building Largest Solar System in Oman
TotalEnergies and Veolia have signed an agreement to construct the largest solar photovoltaic (PV) system for Oman's Sur desalination plant. Located on the site of the Sharqiyah Desalination Plant, which supplies drinking water to more than 600,000 people in Sharqiyah and the Gulf region, the power plant will generate electricity.
Neptune Energy Completes Final Well Campaign on Norway’s Fenja Field
On the operated Fenja field in the Norwegian Sea, Neptune Energy today reported the safe and effective drilling of four development wells in advance of production start-up.
