News / International

Petrobras to Increase Gas Production in Colombia

A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, stated Joelson Mendes, Petrobras' head of exploration and production.

Aramco to Increase Gas Output to 60% by 2030

Saudi Aramco has announced plans to increase its gas output by 60% by the year 2030, stated Ashraf Al Ghazzawi, the Executive Vice President for Strategy and Corporate Development, during a recent energy conference.

Angola to Maintain Daily Oil Output at 1.1M Barrels Through 2027

Angola, Africa's second-largest crude oil exporter, is currently producing about 1.1 million barrels per day (bbl/d) of crude, a level similar to before it exited the Organization of the Petroleum Exporting Countries (OPEC).

Equinor Invests $6B Annually to Sustain Norway’s Oil, Gas Production

Equinor has stated that it is committed to maintaining steady output levels through 2035 by investing approximately $6 billion per year in oil and gas exploration and drilling in Norway, according to Reuters.

Iran’s National Oil Company Signs $13B Oil Contracts

The National Iranian Oil Company (NIOC) has signed contracts worth $13 billion with domestic companies, to develop upstream projects at six oil fields including Azadegan, Azar 2, Soumar, Saman, Delavaran and Masjed-Soleiman.

Petrobras Signs MoU with Mitsui for Low Carbon Business Opportunities in Brazil

Petrobras, the Brazilian state-owned oil company, has signed a memorandum of understanding (MoU) with Mitsui & Co. S.A. for a non-binding assessment of low-carbon business opportunities in Brazil.

Venture Global LNG Expands Its Reach with Acquisition of Nine LNG Transport Vessels

Venture Global LNG has announced its plans to acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes, according to Reuters.

US Chevron, Japan JX Sign MoU for CCS Value Chain

Chevron and JX Nippon Oil & Gas Exploration Corporation have signed a Memorandum of Understanding (MOU) to cooperate on a framework to evaluate the export of Carbon Dioxide (CO2) from Japan to Carbon Capture and Storage (CCS) projects located in Australia and other countries in the Asia Pacific region.

ADNOC Signs Second Long-Term Heads of Agreement for Ruwais LNG Project

ADNOC has signed a second long-term Heads of Agreement (LNG agreement) for their Ruwais LNG project.

CNOOC Announces Over 100 Million Tons of Oil Field Discovery in Bohai Sea

CNOOC has announced a major oilfield discovery in the north-central waters of the Bohai Sea, producing medium-heavy crude oil.

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