Russian Gas Supplies to Europe is Stable
The Russian natural gas supplies through its three key pipelines to Europe is stable.
News / International
SONATRACH’s WOEN-2 Oil Production Estimated at 961 mmbbl
SONATRACH announced that it has successfully completed its a West Oglet En Nasser-2 (WOEN-2) delineation well in the Touggourt Est I perimeter, located north of the Hassi Messaoud field in Algeria.
Iraq Connects 28 New Productive Wells, Inaugurates Water Processing Station at Magnon Field
The Iraqi Ministry of Oil announced that it has connected 28 new wells to the production line at Magnon field.
Eni’s Ndungu Field Proves Production Estimates at 800 – 1000 mmboe
After successfully drilling Ndungu 2 appraisal well, Eni announced that the field proved production estimated at 800 - 1000 million barrels of oil equivalent (mmboe) in place.
Canada Promises to Support Halting Russian Oil Use
Canada, the world's fourth biggest oil producer, pledges to export an additional 200,000 barrels of oil as well as 100,000 barrels of natural gas.
Sinopec Halts Project in Russia
China's Sinopec suspended discussions for a gas marketing venture and petrochemical investment in Russia.
Oil Prices Drop as Shanghai Goes into Lockdown
Global oil prices decreased as China implemented a lockdown in Shanghai, which is considered a major manufacturing and financial hub.
Macron Denies Russian Demand to Pay for Russian Gas in Roubles
French President Emmanuel Macron stated there are no reasons to give in to President Vladimir Putin’s demands to pay for Russian gas in roubles.
ExxonMobil Intensely Working Through Options for Exiting Russian Venture
ExxonMobil is currently working through options on how to proceed to withdraw from its Russian venture.
PETRONAS, Waygate Cooperate on Commercializing Robotic Inspection Solutions
PETRONAS company has announced that its technology subsidiary, PETRONAS Technology Ventures Sdn Bhd (PTVSB), has cooperated in partnership with Waygate Technologies Robotics AG (WTR) to commercialize a jointly developed robotic inspection device and widen its utilization in the oil and gas industry.
