Iraq to Raise Baiji Refineries to 280,000 bbl/d
Iraqi Oil Minister, Ihsan Abduljabbar, has announced that the ministry is planning to raise the production capacity of Baiji refineries to 280,000 barrels of oil per day (bbl/d).
News / International
Woodside Increases Senegalese Presence
Woodside Energy B.V. has entered into a binding sale and purchase agreement to acquire Capricorn Senegal Limited’s entire participating interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture (JV).
Novak: 2020 Oil Demand Could Fall by 10 mmbbl/d
Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.
ConocoPhillips Withdraws Request to Extend Flaring Permits
US supermajor ConocoPhillips has withdrawn its request to extend 41 flaring permits at its sites in West Texas following operational improvements
Sinopec Awards Qatargas 10-year LNG Tender
China’s state-run oil and gas company, Sinopec Corporation, has awarded a 10-year tender to buy 1 million tonnes of liquefied natural gas per year from Qatargas.
Iraq Denies OPEC+ Deal Exemption Reports, Affirms Commitment to Deal
Iraq has refuted claims that it was seeking an exemption from the reduction pact during the first quarter of 2021 and has reaffirmed its commitment to the deal.
Equinor Awards Aibel FEED Contract
Equinor has awarded oil and gas service company, Aibel, a front-end engineering and design contract (FEED) for modification of the Hammerfest LNG plant in connection with the Snøhvit Future project.
Aramco Delays Projects to Preserve Dividend
The world’s largest oil and gas company, Saudi Aramco, has delayed its multi-billion-dollar petrochemical and liquified natural gas (LNG) projects to maintain cash flow for the paying of dividends.
Iraq Asks for Exemption From OPEC+ Production Deal in 2021
Iraq, the Organization of the Petroleum Exporting Countries’ fourth-largest producer of oil, is seeking a pardoning from the existing OPEC+ deal in Q1 of 2021 but insists it will adhere to cuts over the next 3 months.
Ofinitiv Cancels JV with PetroChina
One of the largest independent producers of crude oil and condensate in North America, Ovintiv Canada ULC, has finalized an agreement with PetroChina Canada (PCC) to terminate the parties' joint venture (JV) and transfer the ownership and operation of certain Duvernay shale assets in west-central Alberta.
