Aramco Announces Lower Gasoline Prices for October
Saudi Aramco, the world’s largest oil company, has announced new petroleum prices starting 11 October.
News / International
UAE, Algeria Committed to OPEC+ Deal
The United Arab Emirates (UAE) has reaffirmed its commitment to the Organization of Petroleum Countries and its allies (OPEC+) output deal despite rising domestic needs.
Norway Gas Exports to Europe Rise Despite Oil Strikes
Norwegian gas supplies rose to Europe in the midst of a workers’ strike that has seen oil production decrease by 8%.
Gazprom’s Gas Transit Via Ukraine Reaches 40 BCM in 2020
Gazprom, Russia’s state-owned gas company, has pumped 40 billion cubic meters (bcm) via Ukraine’s transmission system in 2020.
BHP Acquires Additional 28% in the Gulf of Mexico ShenziÂ
Australian oil and gas company, BHP, has signed a Membership Interest Purchase and Sale Agreement with Hess Corporation to acquire an additional 28% working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico.
NIDC to Lend 16 Drilling Rigs to Domestic Companies
National Iranian Drilling Company (NIDC), a subsidiary of the National Iranian Oil Company (NIOC), has announced a deal to lend 16 drilling rigs to five domestic oil companies.
Oman’s Oil Production Falls 7.5% in August
The Sultanate of Oman’s oil production in August declined by 7.5% which roughly equates to 190.91 million barrels of oil (mmbbl).
Lundin Energy Acquires Strategic Licenses in the Barents Sea
Swedish oil and gas company, Lundin Energy, has entered into an agreement with Idemitsu Petroleum to acquire interests in a portfolio of licenses in the Barents Sea.
Saudi Oil Production Remains Steady in September
Saudi Arabia, the world’s largest oil producer, has reduced its crude oil production by 104,000 barrels of oil per day (bbl/d) when compared with August’s figures.
Norway Strikes Threaten to Curtail Norway’s Output by 8%
Norwegian oil workers expanded their ongoing strike on Monday, leading to the potential shutting off of oil and gas production at six offshore fields.
