News / International

Neptune Energy Confirms Significant Discovery at Dugong

Neptune Energy has updated its volume estimate for its Dugong discovery in the Norwegian North Sea, based on results from a successful appraisal well (34/4-16 S), according to a press release issued by Neptune Energy.

ExxonMobil, Porsche Test Lower-Carbon Fuel

ExxonMobil and Porsche has begun testing advanced biofuels, renewable, and lower- carbon efuels as part of a new agreement to find if they can be adopted by consumers in the future, according to a press release issued by ExxonMobil.

Qatar Petroleum to Fully Own Qatargas from Jan. 2022

Qatar Petroleum company announced that will be the sole owner of 100% of the Qatargas Liquefied Natural Gas Company Limited (QG1) assets and facilities starting from January 2020 as Qatar petroleum will not renew the joint venture upon the expiry of its associated agreement.

ADNOC Starts to Trade Murban Oil as Futures Contracts

The Abu Dhabi National Oil Company (ADNOC) along with the Intercontinental Exchange (ICE) have celebrated the start of trading UAE’s Murban oil as Futers contract on the new ICE Futures Abu Dhabi (IFAD) commodities exchange (IFAD).

Eni, Bridgestone Sign Agreement for Synthetic Rubber

Eni's subsidiary chemical company Versalis, and Bridgestone EMIA signed a joint development agreement for the research, production, and supply of synthetic rubber with advanced properties, Eni stated in a statement on its website.

Iraq, Total Sign Agreement for Four Energy Projects

The Iraqi Ministry of Oil has signed an agreement with Total company to implement four energy projects aiming at developing the country.

Shell Resumes Gasoline, Diesel Production at Deer Park

Shell resumed the gasoline, and diesel producing units on March, 15 at its 318,000 barrels per day (bbl/d) at Deer park, a joint venture refinery, in Texas, according to Reuters.

Iraqi Cabinet Approves Tender for Drilling 96 Wells

The Iraqi Cabinet has approved the recommendation of the Ministerial Council for Energy for conducting a tender to drill 96 oil wells in Basra.

Sinopec Seeks Carbon Neutrality by 2050

China’s Sinopec Corporation seeks to be carbon neutral by 2050, aligning with its short term strategy focused on natural gas development and a long term pivot to hydrogen, according to Reuters.

Eni, Sonatrach Sign Upstream Agreement

Eni, and Sonatrach signed upstream agreement to relaunch exploration and development (E&D) activities in the Berkine basin and establish an oil and gas development hub through a synergy with existing MLE-CAFC installations, according to a statement.

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