Sinopec Announces New Discovery in Xinjiang
Sinopec Company announced that it has achieved a new oil discovery, that can produce more than 100 million tons of oil and gas, in the Shunbei area of the Tarim Basin in the country's Xinjiang region.
News / International
Brightmark, Chevron Expand Cooperation on Dairy Biomethane
Brightmark LLC along with Chevron Corporation announced the expansion of their cooperation via their joint venture (JV) Brightmark RNG Holdings LLC through establishing projects to produce and market dairy biomethane, a renewable natural gas (RNG) in US.
Iran’s RIPI to Conduct $142.8 M Upstream Research Projects
The Iranian Research Institute of Petroleum Industry (RIPI) announced that it intends to conduct a research projects worth about $142.8 million in various upstream areas including exploration, drilling, production, and enhancing recovery factor of the fields.
China’s CNPC Eyes New Shale Oil Production From Daqing Oilfield
China National Petroleum Company (CNPC) announced that it plans to produce from new shale oil from formations within the area of the existing Daqing oilfield.
Qatar Petroleum Assigns EPC Contract to Técnicas Reunidas
Qatar Petroleum (QP) company announced that it has awarded a major engineering, procurement and construction (EPC) contract to Técnicas Reunidas S.A., a Madrid based contractor, to provide EPC serviced to QP’s North Field Expansion Project.
Iran to Develop West Karoun Oil Fields, Eyes 1 mb/d Output Increase
Iran plans to develop 11 oil fields in West Karoun to boost output by 1 million barrels per day (mb/d).
US Shale Oil Production Expected to Record 8.1 M (b/d), Highest Since May 2020
US shale oil production is projected to reach 8.1 million barrels per day (b/d) in September 2021, recording the highest production levels since May 2020.
Chinese Sinopec Discovers Abundant Natural Gas in Zhongjiang Field
The newly added natural gas in the Zhongjiang gas field has proved reserves exceeding 34 billion cubic meters (bcm), raising the total proved reserves 106.1 bcm.
Saudi Aramco Eyes Raising $17 B from Gas Pipeline Selling
Saudi Aramco aims to raise at least $17 billion from selling a significant minority stake in its natural gas pipelines.
Omani EDO Secures $2.5 B Funding Deal
The financing transaction is aimed at supporting EDO in its plans to alleviate the funding requirements for the Government’s Block 6.
