Equinor Makes New Oil Discovery in the Toppand Prospect
Equinor along side its partner Wellesley announced new oil discovery in the two exploration wells 5/10-7 S and 35/10-7 A located in Troll and Fram area at the Toppand prospect.
News / International
U.S. Emerges As the World’s Top LNG Exporter in December 2021
U.S. has topped the world’s liquefied natural gas (LNG) exporter for the first time by the end of December 2021.
ADNOC Awards EPC Contract to NPCC Worth $946 M
Abu Dhabi National Oil Company (ADNOC) announced that it has been awarded Engineering, Procurement, and Construction (EPC) Contract worth $946 million to National Petroleum Construction Company (NPCC) for strategic long-term development of its Umm Shaif field.
Iraq Oil Ministry: Total Enters Development of Four Projects Worth $27 B
The Iraqi Oil Ministry Spokesman Assem Jihad stated that Total company is investing in four development projects in Iraq worth $27 billion.
OPEC Allows Oil Production Increase by 0.4 mmbl/d in February
During the Organization Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM), the members reaffirmed their decision to adjust the monthly oil production by 0.4 million barrels per day (mmbl/d) in February.
QatarEnergy Grants EPCI Contract to McDermott for Offshore Project
QatarEnergy announced that it has awarded major Engineering, Procurement, Construction, and Installation (EPCI) Contract to McDermott Middle East Inc for the offshore scope of its North Field Expansion Project.
OPEC Appoints Al-Ghais as New Secretary General
The Organization of the Petroleum Exporting Countries (OPEC) has decided by voting to appoint Haitham Al-Ghais of Kuwait as Secretary General of the Organization succeeding Mohammad Sanusi Barkindo , with effect from 1 August 2022, for a period of three years.
Petrobras Finalizes Sale of Espírito Santo Onshore Fields
Petrobras announced that it has concluded the sale of all of its stakes in 27 onshore exploration and production concessions, located in Espírito Santo, jointly denominated Cricaré Cluster to Karavan Seacrest SPE Cricare, a company in which Karavan O&G Participações e Consultoria Ltda. holds 51% of the capital stock, and Seacrest Exploração e Produção de Petroleo Ltda. holds the remaining 49%.
Ras Markaz Oil Terminal to Commence Operation in Q2 2022
Salim Marhoon Al Hashmi, Director-General of Raz Markaz Oil Terminal announced that the project will start operations during Q2 2022.
Iran Expects Petrochemical Sales of $12 B
The Iranian Minister of Petroleum Javad Owji disclosed that petrochemical companies are predicted to deposit $12 billion in the NIMA system by the end of the current calendar year, which began on March 21.
