China’s Daily Crude Output Declines to 13.9 mb/d in July, Lowest Since May 2020
This comes as the independent plants in China, also known as teapots, cut production in the middle of high inventories, tighter quotas, and weakening profits.
News / International
ADNOC Logistics, Roll Group Announce Partnership on Heavy Haulage Solutions
The strategic partnership aims to strengthen ADNOC L&S' turnkey integrated logistics offering and help to implement heavy haulage solutions for both offshore and onshore projects.
Australia’s BHP in Talks With Woodside Petroleum on Selling Oil&Gas Assets
BHP had started a strategic review of its petroleum business, made up of assets in the Gulf of Mexico, Algeria, Trinidad and Tobago, and Australia.
Iraq, Chinese CNOOC Ink Agreement to Drill 150 Wells in Buzurgan
Iraq signed an initial agreement with China National Offshore Oil Corporation (CNOOC) for the latter to drill 150 wells in the Iraqi Buzurgan oilfield.
Iran Completes Construction of Jask Terminal’s Offshore Oil Pipeline
An official of Pars Oil and Gas Company (POGC), Vahid Maleki, announced the completion of the construction of the Jask crude oil export terminal’s offshore oil pipeline.
Eni Starts Production from It’s Angola’s Cuica Field
Eni started production from the Cuica Field, in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel, just after four months from discovery.
China’s Oil Products Exports Down 28% in July
China’s oil product exports have fallen 28% to 4.64 million tons (mmt) month on month (MoM) in July due to oil companies’ quotas shortage.
Oman Establishes National Alliance to Support Clean Hydrogen Deployment
The Oman’s Ministry of Energy and Minerals (MEM) announced that it is establishing a national hydrogen alliance under the name of Hy-Fly to support the development and deployment of clean hydrogen in Oman.
Iran’s Petrochemical Revenues projected to Reach $50 B in March 2027
The CEO of Iran’s National Petrochemical Company (NPC), Behzad Mohammadi, announced that Iran is expected to achieve revenues estimated at $50 billion from the petrochemical industry by the Iranian calendar year 1406 which will start in March 2027.
Namibia Greenlights Global Petroleum to Commence Next Phase of its License 94
Global Petroleum announced that it received approval from Namibia’s Ministry of Mines and Energy to enter the next phase of its exploration license 94 in block 2011A.
