Aramco’s Khurais Facility Joins WEF Global Lighthouse Network
Khurais oil field, the largest intelligent oil field in the world, has become Saudi Aramco’s second facility to join the WEF Global Lighthouse Network.
News / International
OPEC Further Cuts Oil Demand Forecasts for 2020/21
The Organization of Petroleum Exporting Countries (OPEC) has further reduced its forecast for global oil demand amid the weaker-than-expected recovery in India and other Asian countries.
Sahara, Petroci Sign $43 MM LPG Supply Deal
Canadian oil and gas company, Sahara Energy, and Société Nationale d’Opérations Pétrolières de la Cote d’Ivoire have entered into a Joint Venture Agreement (JVA) to facilitate the construction of a 12,000 Metric Tonnes Liquefied Petroleum Gas (LPG) storage facility.
Apache Commences Operations at Keskesi East-1
American oil and gas company, Apache Corporation, and Total S.A. has announced that the Noble Sam Croft drillship has commenced operations at the Keskesi East-1 exploration well.
US Shale to Decline by 68,000 bbl/d in October
US oil output is predicted to fall in October by 68,000 barrels per day (bbl/d) after output is set to decrease from seven major shale formations.
Neptune Energy Awarded Drilling Permit in the North Sea
Norwegian oil and gas company, Neptune Energy, has been issued a drilling permit in production license 586 located in the North Sea.
ADNOC Completes $1 B Institutional Placement for Distribution Business
Abu Dhabi National Oil Company (ADNOC) has announced the successful completion of a placement to institutional investors of 1.25 billion shares in ADNOC Distribution amounting to 10% of ADNOC Distribution’s total share capital.
Haftar Willing to Reopen Libyan Oil Ports
Eastern Libyan commander Khalifa Haftar is set to permit the country’s oil ports to reopen after an eight-month blockade.
Tanzania, Uganda Sign Crude Pipeline Deal
Tanzania and Uganda have signed an agreement paving the way for the construction of a crude oil pipeline running from Ugandan oilfields to the Tanzanian port of Tanga.
Morrison Completes Pipeline Installation in the Gulf of Mexico
Morrison, an oil and gas service company, has successfully completed the installation of Byron Energy Limited’s South Marsh Island Blocks 58 & 59 oil and gas sales pipelines in the Gulf of Mexico, marking more than 5.5 million feet of pipe laid by Morrison in the Gulf of Mexico.
