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.
News / International
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.
China’s Refinery Production Surges 19.7% in March
China’s oil production recorded increase by 19.7% in March compared to the previous year after the refineries has intensified their operations to meet the fuel demand and build up a stock.
South Sudan’s Nile Petroleum to Increase Oil Production in Block 5A
Bol Ring Mourwel, Managing Director of state-owned Nile Petroleum Corporation, said that his company plans to increase oil production in Block 5A in Unity state to between 40,000 to 50,000 barrels per day (b/d)
Iran’s IOOC Starts Oil Filed Injection Project
Iranian Offshore Oil Company (IOOC) along with National Iranian Tanker Company (NITC) has started to implement a project for injecting gas condensate into Soroush oil filed in the Persian Gulf to keep its production levels.
Sound Energy Acquires Additional Interest in Eastern Morocco
Sound Energy company, Moroccan focused upstream gas company, has announced that it is planning to acquire the entire issued share capital of Schlumberger Silk Route Services Limited through a sale and purchase agreement with Schlumberger.
Eni Announces New Oil Discovery in North Sea
Var Energi, which is owned jointly by Eni and HitecVision announced a new oil discover in production license 554 in the North Sea.
BP, Aker, Statkraft to Develop Offshore Wind Project Off Norway
BP along with Statkraft and Aker Offsore Wind agreed to establish a consortium bidding to develop offshore wind energy in Norway.
Major IOCs Compete for Share in Qatar LNG Project
Six major international oil companies (IOCs) are competing to be partner in the expansion of Qatar’s liquefied natural gas (LNG) production which help the country to foster its position as leading LNG producer.
Iraq’s Oil Minister Inaugurates Two Units for Octane, Hydrogen Production
Iraq’s Minister of Oil Ihasn Abdul Jabbar has inaugurated a unit for improving octane production at a capacity of 10,000 barrels per day (b/d) in Azmara and another unit for Hydrogen production at a capacity of 4,000 b/d in addition the establishment of a number of large storage units for light distillates.
