PetroChina Starts Processing First Russian Crude
China’s state-run petrochemical company, PetroChina Company, has started processing its first batch of Russian crude oil after completion of plant upgrade.
News / International
Omani Oil, Gas Industry Expected to Grow 14% in 7 Years
Following a new report from the CMFE Insights Research Foundation, the Sultanate of Oman’s oil and gas sector is expected to grow at a compound rate of 14% between the years 2020 to 2027.
Total Lubrifiants Expands Presence in Lubricants Market
Total Lubrifiants, the world’s fourth-largest international lubricants company, has announced the acquisition of Lubrilog SAS.
OPEC Monitoring Libyan Output Closely
The Organization for Petroleum Exporting Countries and its allies (OPEC+) are closely watching attempts to resume oil output in Libya and are assessing the situation.
Wintershall Dea Norge, Odfjell Drilling Sign North Sea Contract
Odfjell Drilling has been awarded a contract by Wintershall Dea Norge AS for use of the Deepsea Aberdeen on exploration wells at Dvalin North and Bergknapp fields and development wells at Vega field on the Norwegian Continental Shelf.
Iraq Could Generate 3.5 GW by Capturing 40% of Gas Flaring
Joe Anis, CEO at GE Gas Power Iraq, asserts that Iraq could generate over 3.5 gigawatts of power by capturing 40% of associated gas that is currently burned.
PetroNor Regains License in The Gambia
PetroNor, a Norwegian independent oil and gas exploration and production (E&P) company, has reached a mutual agreement with the Government of The Gambia to settle its arbitration related to the A1 and A4 licenses.
Saudi Firms to Create $11 B Petrochemicals Business
Saudi Industrial Investment Group and National Petrochemical Company have initiated talks to merge the two companies, resulting in an $11 billion petrochemical enterprise.
Shell Looking to Cut Production Costs by up to 40%
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition.
NOC Announces Partial Lifting of Force Majeure
Libya’s National Oil Company (NOC) has announced the lifting of a force majeure on all facilities and ports that are deemed safe.
