BP to Pay $29.3 M No-Drill Fee to Gambia
BP has agreed to pay $29.3 million for outstanding commitment to drill an exploration well in the offshore A1 block in the West Africa.
News / International
Iraq Plans to Raise Oil Production to 8 mmbbl/d by 2027
Iraqi Oil Minister Ihsan Abdul-Jabbar declared that his country plans to raise its oil production to 8 million barrels per day (mmbbl/d) by the end of 2027.
Saudi Aramco Endeavors to Offer More Deals to Investors
Saudi Aramco’s CEO Amin Naseer said that his company seeks to more potential deals to offer to investors and unlock its capital.
UAE’s ADNOC Distribution Achieves Net Profit of AED 1.15 B in H1 2021
Abu Dhabi National Oil Company (ADNOC) Distribution achieves net profit of AED 1.15 billion during H1 2021, while its earnings before interest, taxes, depreciation and amortization (EBITDA) stood at AED 1.53 billion during H1 2021.
Gevo to Sell Natural Gas to Canada’s BP
Gevo Company announced that it has signed an agreement with BP company to sell its production from its wholly-owned dairy manure renewable natural gas (RNG) project company.
Guyana Earns $80 M From its 7th Crude Shipment
The Guyana’s Ministry of Natural Resources announced that it has earned about $80 million from the seventh shipment of crude which allocated to the government from the offshore Liza Project.
Kuwait Qualifies 70 Companies for Oil Projects
Kuwait announced that it has qualified around 70 local companies, particularly the small and medium-sized petroleum enterprises, to be awarded by the Kuwaiti government.
Aramco’s Net Income Rises 288% YoY in Q2 2021
Saudi Oil Company (Aramco)'s net income increased by 288% in Q2 2021, reaching $25.5 billion, compared to $6.6 billion recorded in the same quarter of 2020.
US Firms Increase Oil & Gas Rigs
Three rigs were added; increasing the number of rigs to 491 ones during the week ending on August 6th, compared to 244 rigs around this time of 2020.
China’s Crude Oil Imports Jump to 41.2 M tons in July
The country imported a total of 41.24 million tons of crude oil in July, with an average of 9.71 million barrels per day (b/d).
