Karoon Energy Completes 100% Acquisition of Bauna Field
Karoon Energy (Karoon) has announced that its wholly-owned subsidiary, Karoon Petróleo & Gás, has acquired a 100% operating interest in the Baúna field, offshore Brazil
News / International
Iraq, Saudi Keen on Future Energy Projects
Iraq’s Minister of Oil, Ihssan Abdul-Jabar, confirmed on November 8 that the Kingdom of Saudi Arabia and Iraq are keen to strengthen energy ties with regard to gas and electricity projects.
UAE Crude Reserves Record 97.8 B bbl
The United Arab Emirates (UAE) has announced that the country’s crude oil reserves stood at 97.8 billion barrels of oil (bbbl) in 2019.
Schlumberger Signs New AI, Data Solutions Deal
Schlumberger, one of the world’s largest oil services providers, has entered into a strategic agreement with AIQ and Group 42 (G42) to collaborate on the development of artificial intelligence (AI), machine learning, and data solutions for the oil and gas industry.
Libya’s Oil Production Exceeds 1 mmbbl/d
Libya’s National Oil Corporation (NOC) has announced on November 7 that the crude oil production has reached 1,036,035 mmbbl/d.
RORC Produces Over 1 MM Tonnes of Euro 6 Gasoline
Ryazan Oil Refining Company (RORC), the largest refining asset of Rosneft, has produced in excess of 1 million tonnes of environmentally-friendly Euro 6 gasoline.
BHP Acquires Furhter Interest in Shenzi
Australian oil and gas company, BHP, has acquired an additional 28% working interest in the Shenzi formation for $505 million from Hess Corporation.
Total Delays Tyra Gas Field Restart by 1 Year
The restart of the Tyra gas field, which lies in the Danish portion of the North Sea, is expected to be delayed by almost a year due to corona-related issues.
NOC, Eni Discuss Future Cooperation in Libya
On November 3 the Chairman of the Board of Directors, Mustafa Sanallah, welcomed the Executive Director of Operations at Eni, Alessandro Politi, to discuss the future development of the Al-Buri offshore field.
Canada’s Tourmaline Acquires 2 Companies Worth $585 MM
Canadian oil and gas producer, Tourmaline Oil Corporation (Tourmaline), has acquired fellow oil and gas company, Jupiter Resources, in an all-stock deal reported at approximately $476 million, inclusive of debt.
