News / International

ExxonMobil Presses for Approval for Guyana Project

America’s supermajor, ExxonMobil Corporation, is putting pressure on the newly-installed Guyanese government to ratify the company’s third oil project in the Stabroek Block, which has been delayed due to political turmoil.

Novatek Ships First LNG Cargo to UAE

Novatek, Russia’s largest independent oil and gas producer, has confirmed the arrival of the company’s first liquified natural gas (LNG) cargo to the United Arab Emirates (UAE).

Schlumberger, Thermal Energy Enter into Geothermal Project

Schlumberger New Energy, a subsidiary of Schlumberger, and Thermal Energy Partners have entered into an agreement to create a new Geothermal Development Company, STEP Energy.

India Initiates 8,363 Oil, Gas Projects 

The Indian government has kick-started in excess of 8,363 oil and gas projects since April following all pandemic related standard operating procedures (SOP).

NOVATEK Launches LNG PLant in Magnitogorsk

Russia's second-largest natural gas producer, Novatek, has announced the inauguration of the first liquified nitrogen gas (LNG) terminal in Magnitogorsk, in the Chelyabinsk region.

South Pars’ Gas Condensate Production Increases by 87%

According to South Pars’ Chief Executive, Hadi Hashemzadeh Farhang, announced that the production of gas condensates at South Pars Gas Field (SPGF) has increased by 87% during the period 2013-2020.

Iraq’s Oil Revenue Reach $3.49 B

Iraq’s oil ministry has announced that oil revenues accounted for in excess of $3.49 billion after a total of 85.6 million barrels of oil (mmbbl) were exported.

Africa Energy Increases South African Presence

Oil and gas company, Africa Energy Corporation, has signed definitive agreements to increase the company’s effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%.

Shell, Egdon Sign Farm-In Agreement

British oil and gas company, Egdon Resources, and international oil company (IOC), Shell, have completed a Farm-In Agreement for the offshore licenses P1929 and P2304, which contain the Resolution and Endeavour gas discoveries located offshore the UK.

Norway Cuts Production by 120,000 bbl/d in July

Norway’s government has released the official production figures for the Norwegian Continental Shelf in July, showing a 120,000 barrels of oil per day (bbl/d) reduction compared to the reference production.

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