Equinor has awarded Transocean Spitsbergen a drilling contract for nine wells and options for two additional wells for the Haltenbanken West Unit and Halten East licences. Including the options, the contract is estimated to be worth around NOK 2.4 billion.
Reuters reported on Tuesday that China has issued 4.5 million tonnes of export quotas for refined fuel, an increase to the first issue for 2022 in order to ease domestic inventories after the COVID-19 lockdown hit demand.
A parliamentary document reviewed by Reuters shows that Kuwait Petroleum Corporation plans to borrow up to $1 billion from banks including HSBC and JPMorgan.
Eni and Repsol could begin shipping Venezuelan oil to Europe as soon as next month to replace Russian crude, five people familiar with the matter say, resuming oil-for-debt swaps that were suspended two years ago when Washington tightened sanctions against Venezuela.
Saudi Arabia, the world's largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer.
It has been announced that Saipem has entered a binding agreement with KCA Deutag ("KCAD") to sell its entire Drilling Onshore operations in exchange for $550 million in cash plus a 10% stake in KCAD after it acquires Saipem's Drilling Onshore operations.
Hammerfest LNG has resumed production after extensive repairs and improvements following the fire in September 2020.
ADNOC Logistics & Services (ADNOC L&S), Abu Dhabi National Oil Company's (ADNOC) shipping arm and the largest shipping company in the region, has decided to acquire three additional liquefied natural gas (LNG) vessels.
The Egyptian Linear Alkyl Benzene (ELAB) has assigned Petroelum Safety and Environmental Services company (PetroSafe) to implement flaring gas monitoring project using the monitoring system developed by Baker Hughes
OPEC+ is trying to make up for the economic fallout of plummeting Russian oil production due to Western sanctions against Moscow over Ukraine, according to two OPEC+ sources.
