Zenith Energy Enters Nigerian Bidding Round
International oil and gas production and exploration company, Zenith Energy, has submitted a bid in Nigeria’s most recent 2020 marginal field round.
News / International
CNOOC Commences Production at Liuhua Joint Oilfield
China National Offshore Oil Corporation (CNOOC) has announced that Liuhua 16-2 oilfield/ 20-2 oilfield joint development project has commenced production.
Petronas Expects Doubling of LNG Tankers by 2030
A Senior Executive at Malaysia’s Petroliam Nasional Bhd (Petronas) expects increasing the number of liquefied natural gas (LNG) to more than double by 2030 driven by the shipping industry’s desire to cut emissions.
Japan’s Imports to Remain Low Until End of 2020
The President of Petroleum Association, Tsutomu Sugimori said that Japan’s crude oil imports is expected to remain at the current tepid pace until the end of 2020, after it reached the lowest monthly level in July due to the spread of pandemic which had slashed domestic oil demand.
ENOC Plans to Open 40 New Service Stations by End of 2021
ENOC Group announced that its plans to open 40 new service stations by the end of 2021 to increase its retail network to 192 stations.
Oman Signs E&P Agreement for Hydrocarbon Exploration
Oman’s Ministry of Energy and Minerals has signed an exploration and production agreement with the American EOG Resources Inc. company to allow the second for exploring hydrocarbons in Block 36 located in the southeast of the country.
Venezuela to Blend Crude to Recover Oil Output
Venezuela’s state-run PDVSA is set to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt.
Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts
The International Energy Agency's (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi Arabia.
Petrofac Awarded Contract Extension in the North Sea
British oilfield service provider, Petrofac, has been awarded a multi-million dollar Integrated Services Contract by Ithaca Energy to renew its contract in the North Sea.
Microsoft, BP Sign Digital Energy Innovation Deal
Cloud service provider, Microsoft, and international oil company (IOC), BP, have agreed to collaborate as strategic partners to further digital transformation in energy systems and advance the net-zero carbon goals of both companies.
