UAE Awards Eni 70% of Offshore Block 3
Eni acquired a 70% stake in the exploration offshore block 3 in Abu Dhabi where Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) acquired the remaining 30% stake.
News / International
Shell Sells QCLNG Facilities to GIP for $2.5 B
Shell agreed to sell 26.25% interest in the Queensland Curtis LNG (QCLNG) common facilities to Global Infrastructure Partners (GIP) Australia for $2.5 billion.
Hilcorp Energy Acquires BP’s $5.6 B Business in Alaska
Hilcorp Energy has finally completed its $5.6 billion acquisition of BP business in Alaska, taking over BP's run of 60 years in operation.
Khor Mor Achieves Gas Production Record of 430 mmcf/d
Dana Gas achieved a production record from Pearl Petroleum’s Khor Mor Gas Plant of 430 million cubic feet per day of gas (mmcf/d) on December 15 in the Kurdistan Region of Iraq (KRI).
ADNOC to Boost In-Country-Value to Support Economic Growth in UAE
Abu Dhabi National Oil Company (ADNOC) announced that it will boost in-country- value (ICV) to the UAE to support post- Covid economic growth through its ICV program.
Eni, BCG, Google Cloud Establish Joint Digital Platform to Support Sustainability
Eni, the Boston Consulting Group (BGC) and Google Cloud announced that they are building a new open digital platform to support sustainability in the industrial supply chain.
Exxon Studies Investing about $240 M in Baton Rouge Refinery
Louisiana Governor, John Bel Edwards, stated that ExxonMobil Company is studying to invest more than $240 million from Baton Rouge refinery, from which it is producing 517,700 barrels per day (b/d).
Fujairah Oil Stockpiles Records Highest Level Since August
The latest data issued by Fujairah Oil Industry Zone, showed that Fujairah port oil stocks recorded the highest level since August after increasing by 6.7% in the week to December 14
Iran to Start Gas Production from Phase 11 in 2022
Iran will start to produce natural gas from Phase 11 of the South Pars gas field during H2 of the next Iranian calendar year beginning on March 21, 2021 at a cost of $50 million
OQ to Divest BORL Shares
OQ company is ongoing discussions with its partner Bharat Petroleum Corporation Limited (BPCL) on the potential of selling its shares in in Bharat Oman Refineries Limited (BORL).
