Gazprom Neft will increase its oil output by restarting mothballed oil wells in West Siberia and remain within the agreed output volume set by the Organization of the Petroleum Exporting Countries and its partners (OPEC+).
BP Oman has successfully completed the first well stimulation on Block 61 by Abraj Energy Services in the Ghazeer field.
The Fujairah Port will get a fourth refinery in 2021 as Brooge Energy expects its 25,000 barrels per day (bbl/d) refinery producing low sulfur fuel oil to be launched in H2 2021.
Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021.Â
Gazprom has lost a third of its Finnish gas market share after the Balticconnector pipeline began operating leading to importing liquefied natural gas (LNG) via the Baltic States.
SSE plc has agreed to sell its gas exploration and production (E&P) assets to Viaro Energy for EUR 120 million.
Lukoil and Gazprom signed a Master Agreement to develop Vaneyvisskoye and Layavozhskoye fields in the Nenets region, Russia.
Shell reduced the value of its oil and gas assets by $3.5 billion to $4.5 billion to adjust to a more vulnerable outlook in Q4 2020.
Iraq will begin exporting fuel to Lebanon in 2021 using global prices, Iraqi Oil Minister, Ihsan Abdul Jabbar Ismail, stated.
Shelf Drilling signed an agreement with Abu Dhabi National Oil Company’s (ADNOC) subsidiary, ADNOC Drilling, to sell the Shelf Drilling Journey jack-up drilling rig for $77.6 million.
