OQ, Madyan Sign Agreement for Assets Acquisition
OQ Gas Networks has signed an agreement with the Public Establishment for Industrial Estates (Madyan) to acquire its gas assets,
News / International
Iraq to Increase Production Capacity of North Refinery
The Iraqi Ministry of Oil is planning to re-operate North refinery and increase its production capacity to 150,000 barrels per day (b/d).
Iran’s RIPI Signs MoU for Studying Gas reserves in Oman Sea
The Iranian Research Institute of Petroleum Industry (RIPI) has signed a memorandum of understanding with the Iranian National Institute for Oceanography and Atmospheric Science to cooperate in studying gas hydrate resources in Oman Sea.
Aker BP, SKarv Start Production from Norway’s Gråsel Reservoir
Aker BP company along with Skarv partners (Equinor and Wintershall Dea, PGNiG) announced the start of production from Gråsel Reservoir in the Skarv area four month earlier before the planned schedule.
Lukoil Inaugurates PENEX Isomerization Unit at Russia’s Nizhny Refinery
Lukoil company has inaugurated the PENEX isomerization unit at Nizhny Novgorod refinery with cumulative investments reached 12 billion Roubles.
Aramco Completes Share Sale Agreement Worth $12.4b
Aramco announced that it has completed share and purchase agreement with the consortium including EIG and Mubadala in which the consortium has acquired a stake of 49% in Aramco Oil Pipelines company.
Tethy Share of Production from Oman Blocks Amounts to 346,890 Barrels of Oil in May
Tethy company declared that it has produced oil from Block 3, 4 in Oman amounted to 346,890 barrels of oil corresponding to 11,190 barrels per day (b/d) of oil.
Equinor To Extend Hemidal Profitable Operations
Equinor company announced the extension of profitable operations at Heimdal to 2023 as it will drill 3-4 new gas wells for Valemon in 2021 and 2022.
Fujairah ‘s product stocks rise as light distillates soar
Fujairah oil stockpiles has recorded a high in two weeks after reaching to near low in the previous year.
Equinor Awards EPCI Contract for Brazil’s Bacalhau Project
Schlumberger company announced that Equinor has awarded Engineering, procurement, construction and installation (EPCI) contract to Subsea Integration Alliance for its Bacalhau project offshore Brazil.
