Cenovus, Husky Announce Merger
Cenovus Energy and Husky Energy have announced a transaction to create a new integrated Canadian oil and natural gas company with an integrated upstream and downstream portfolio which will provide increased funds.
News / International
Iran’s PGSR Exports Rise 120% YoY
Iran’s Persian Gulf Star Refinery (PGSR)’s exported products from March 20 to September 21 were 120% higher than the products exported in the same period in 2019.
Alberta Set to Increase Production Ahead of Schedule
Canada’s most prolific oil-producing province, Alberta, is set to increase its crude production in December ahead of schedule as coronavirus-related shutdowns ease congestion.
CNOOC to Increase Natural Gas in Energy Mix to 50% by 2035
China's largest offshore oil and gas producer, the China National Offshore Oil Corporation (CNOOC), will raise the share of natural gas from the current 21% to 50% by 2035 in order to reach their carbon neutral targets.
Total Considers Natural Gas Investments in Iraq
French international oil and gas company, Total SE, is considering investing in Iraq’s natural gas sector as the Iraqi government met with Total.
SABIC Reports Rise of Net Profit in Q3
Saudi Basic Industries Corporation (SABIC) returned to profit in Q3 after the global recovery is showing signs of recovery from the coronavirus.
Bahrain to Receive Oil, Gas Services Following JV
The Arab Shipbuilding and Repair Yard (ASRY) has signed a joint venture (JV) agreement with Woodlands Holdings to provide services (WoodServ) related to the oil and gas industry in Bahrain.
Pioneer to Acquire Parsely Energy in Latest Shale Consolidation
Pioneer Energy has entered into an agreement with Parsley Energy for an all-stock $4.5 billion deal as part of the latest consolidation of the shale industry.
Lukoil Seeks to Inaugurate New Oilfield Projects in Iraq
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand.
Petrobras Expects Higher 2020 Output Than Previously Predicted
Brazil’s state-run oil company, Petrobras, has announced that production in 2020 should surpass previously disclosed estimates as production is ramped up at offshore oilfields.
