Libya’s NOC Achieves Revenues Worth $1.2 B in February
The Libyan Oil Corporation (NOC) announced that it has achieved revenues estimated at $1.2 billion from the sale oil and its derivatives during February.
News / International
Equinor Strikes Oil in Exploration Well in Barents Sea
Equinor announced a new oil discovery at a well near the Johan Castberg field in the Barents Sea. Recoverable resources are estimated at between 5 and 8 million standard cubic metres of recoverable oil, equivalent to 31 – 50 million barrels (bbl) of recoverable oil.
ADNOC, PETRONAS Sign Agreement to Collaborate in Abu Dhabi’s Petroleum Sector
The Abu Dhabi National Oil Company (ADNOC) signed a strategic framework agreement with Petroliam Nasional Berhad (PETRONAS) to explore opportunities for collaboration across Abu Dhabi oil and gas sector.
Eni, CDP Equity Form Joint Venture to Produce Electricity from Renewable Sources
Eni and CDP Equity have formed GreenIT, a new joint venture (JV) with cumulative investments amounting to over € 800 million in five years, for the development, construction, and management of plants, targeting the production of electrical power from renewable sources in Italy.
Qatar Sends First Oil Cargo to UAE After Restoring Ties
Qatar has exported first oil cargo to a Persian Gulf neighbor since the United Arab Emirates along with other three Arab countries agreed to restore ties with Doha in January, according to Bloomberg
APA, Total Conclude Drilling at Keskesi East-1 Well before Reaching Neocomian Targets
APA Corporation, and Total decided to conclude drilling operations at Keskesi East-1 discovery well offshore Suriname on Block 58, before reaching the Neocomian targets, as the well encountered substantial pressure increases during the drilling process, APA Corporation issued a relevant statement updating the well operational status.
PetroEcuador to Boost ITT Fields Production
PetroEcuador is planning to increase production from its Ishpingo-Tambococha-Tiputini (ITT) oilfields located in the Eastern Amazon Oriente Basin, after completing the 2022 drilling campaign.
Eni Sells its Pakistan Assets to Prime International
Eni signed an agreement to sell its shares in its entities in Pakistan to Prime International Oil & Gas Company.
PetroNeft Acquires Additional 40% Interest in Concession 67 of Belgrave Naftogas
PetroNeft Company, operating in the Tomsk Oblast, Russian Federation, acquired additional 40% interest in concession 67 from Belgrave Naftogas (formerly Arawak Energy Russia) for $2.9 million. PetroNeft’s interest in this concession has been increased from 50% to 90%. PetroNeft also has a 50% operated interest in concession 61.
AG&P to Develop LNG Terminal in the Philippines
The Philippines’ Energy Department approved a proposal from Atlantic Gulf & Pacific Company’s (AG&P) Philippines subsidiary to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.
