Equinor Discovers Large Quantities of Oil, Gas in Swisher Prospect
Equinor and its license partners Petoro AS and Wellesley Petroleum AS have found 2-6 million standard cubic meters of oil equivalent of oil and gas in the Swisher prospect.
News / International
Sudan, South Sudan Agree on Oil Cooperation Deal
Sudan and South Sudan have come up with a draft deal to develop oil cooperation, including resuming production from key oil fields.
Baharat Petroleum Signs 15-Year LNG Contract With Mozambique
Bharat Petroleum Corporation (BPCL) has signed off a 15-year long term contract for 1 million tonnes per annum (mmt/a) LNG from its highly anticipated Mozambique project.
Petrobras to Spend $6 B Decommissioning 18 Offshore Platforms
Brazil’s state-run oil producer, Petrobras, has plans to spend $6 billion by 2024 to decommission 18 offshore platforms.
Devon Energy to Buy Rival Shale Company
US oil and gas producer, Devon Energy Corporation, will buy shale-oil rival WPX Energy for an estimated $2.56 billion as it looks to cement its position in the top US oilfield.
Nigeria Submits Long-Awaited Oil Reform Bill
Nigeria has finally produced an oil bill to modernize Nigeria’s oil sector and de-nationalize the Nigerian National Petroleum Company (NNPC).
ADNOC L&S Signs Agreement to Service Petroleum Ports
ADNOC Logistics and Services (ADNOC L&S), a shipping and maritime subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a 25-year agreement to provide critical marine services across all petroleum ports in Abu Dhabi on behalf of the Petroleum Ports Authority (PPA).
Equinor to Invest $2 B in the Breidablikk Field
Equinor and partners have decided to invest big in the North Sea oilfield, Breidablikk, and have pledged $1.95 billion.
Aramco Produces, Ships World’s First Blue Ammonia
Aramco and the Institute of Energy Economics Japan (IEEJ), in partnership with SABIC, have successfully produced and shipped the world’s first batch of blue ammonia from Saudi Arabia.
Total Exits the Foz Do Amazonas Basin in Brazil
French oil and gas major, Total, has announced its agreement to transfer the company’s equity in five exploration blocks to Brazil’s state-run Petrobras.
