Rosneft Makes New Gas Discovery in Arctic Kara Sea
Russian Rosneft Company announced achieving new large gas discovery in the Arctic Kara Sea.
News / International
Libya’s Oil Exports to Record a High of to 1.2 mmlb/d in December
Libya’s crude oil and condensate exports are expected to reach 1.24 million barrels per day (mmbl/d) in December, recording the highest level in 13 months.
ADNOC Launches AGT for Trading Refined Products
The Abu Dhabi National Oil Company (ADNOC) announced the official launch of its second trading arm ADNOC Global Trading (AGT), a joint venture (JV) between ADNOC, Eni and OMV, with shares of 65%, 20% and 15% respectively, which focuses on trading refined products globally.
Rusneftekhim Increases Concession Fund in YANAA
Rusneftekhim, Russian Oil Company JSC, raises its concession fund in the YANAA, Yamalo- Nenets Autonomous Area, western Siberia.
Whitecap to Buy TORC Oil for $430 MM
Canadian Oil Producer Whitecap Resources Inc has agreed to buy TORC Oil and Gas Ltd in an all-stock deal valued at $430.81 million (mm).
Aramco, Baker Hughes New JV to Develop Non-Metallic Products
Saudi Aramco and Baker Hughes have formed a Novel 50/50 joint venture (JV) to develop a broad range of non-metallic products for multiple applications in the energy sector.
UK Envoy Discusses Prospects of Oil Investments with Libya’s NOC
The United Kingdom Ambassador to Libya, Nicholas Hopton, praised Mustafa Sanalla, the Chairman of the Board of directors, in achieving production rates and paving oil operations. This came during the meeting at Libya’s National Oil Corporation (NOC).
Ghana, TG-GEOPARTNERS Signs 3D Seismic Study Agreement
Ghana Petroleum Commission, the regulator of the petroleum sector, has signed an agreement with seismic data supplier TG-GEOPARTNERS for a 3D study in the Keta basin to understand the region in order to prepare exploration concessions.
Equinor Joins the NortH2 Green Hydrogen Project
Equinor joins the NortH2 project which targets to produce green hydrogen using renewable electricity from the offshore wind off the coast of the Netherlands.
Japan to utilize Ammonia for Thermal Power Generation
Japan will utilize ammonia in the fuel mix for thermal power as well as for shipping at the end of 2020 to achieve carbon neutrality by 2050.
