BPCL to Acquire OQ Stake in Indian Refinery
Bharat Petroleum Corporation Limited (BPCL) announced in a statement to the stock exchange, that it will acquire OQ’s shares in the Bina refinery project for RO 120 million.
News / International
Iran’s NIDC Drills 117 Oil, gas Wells in one Year
The National Iranian drilling Company (NIDC) announced that it has completed drilling 117 oil and gas wells on a distance of 85,616 meters during the last year.
Talos, Enauta Consortium to Bid for Petrobras Albacora Fields
A consortium of Talos Energy Inc, private equity firm EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA has presented non-binding offer for buying the two Brazilian oilfields of Albacora and Albacora Leste.
DNO Acquires ExxonMobil’s Stake in Baeshiqa License
The Norwegian DNO ASA company announced its acquisition of ExxonMobil’s stake which is 32% in the Baeshiqa license located in Kurdistan region of Iraq.
ADNOC Awards Cosmo Offshore Exploration Concession in Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) company has signed an exploration concession agreement with Cosmo Albahariya Limited company, a subsidiary of Cosmo Energy Holdings Co, allowing Cosmo to do exploration activities in the offshore Block 4.
Tatneft Expands its Oilfield Services in Turkmenistan
Tatneft company started to repair tubing pipes of its oil field in Turkmenistan in order to expand it oil field services.
PNG, Total Sings Fiscal Agreement for LNG Project
The Prime Minister of Papua New Guinea (PNG), James Marape, announced that the government signed a fiscal agreement with Total company, to develop a liquefied natural gas (LNG) project at a cost of $13 million.
Kentech Signs Agreement to Acquire SNC-Lavalin’s Oil, Gas Business
Kentech Company announced that it has signed an agreement to acquire the oil and gas business of SNC- Lavalin’s Resources Division.
Sonatrach’s Boosting III Project in Hassi R’mel Field Starts Operation
Sonatrach Company announced that it started the operation of its Boosting III project in the Hassi R’mel field with its three South, Center, North stations after it completed the testing phase for North Station.
Russia Signs Oil Production Agreement for Boosting Priobskoye Filed Production
Rosneft Company along with the Russian Ministry of Finance and the Ministry of Natural Resources and the Environment has signed an investment agreement for boosting oil production in the Priobskoye field in the form of an annual mineral extraction tax (MET) deduction reaches RUB 46 billion.
