News / International

ADNOC Transfers Concession Rights to CNOOC from CNPC

The Abu Dhabi National Oil Company (ADNOC) has agreed to transfer the rights of Lower Zakum, Umm Shaif, and Nasr offshore from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corporation’s subsidiary CNOOC Limited (CNOOC).

Petrobras’ Production Decreases in Q2

Brazil’s state-run oil company, Petrobras, has published its Q2 2020 results, indicating a slow down in production compared to Q1 2020.

Fugro Completes First Stage Investigation in North Field

Dutch geo-data specialist, Fugro, has completed the first phase of its multidisciplinary offshore site investigation for Qatargas’ North Field Production Sustainability’s Compression Phase.

Iraq’s Gharraf Oil Field Resumes Production 

The Malaysian oil company, Petronas, has restarted production at Iraq’s Gharraf oil field at a rate of 50,000 barrels of oil per day (bbl/d) after a forced shutdown in March due to the pandemic.

Algeria to Resume LNG Production from Skikda Plant 

Algeria’s state-run oil company, Sonatrach, has resumed liquified natural gas (LNG)) production from its Skikda plant after the completion of maintenance works.

Petrobras Sells Remaining Stake in Pipeline Company 

Brazil’s state-owned oil company Petrobras has agreed to sell its remaining 10% stake in natural gas pipeline company TAG.

ADNOC’s Ruwais Refinery Completes Upgrade

GE Gas Power has finalized a project to enhance the efficiency and performance of ADNOC's General Utilities Plant in Ruwais, United Arab Emirates (UAE), by installing the MXL2 upgrade on a GT13E2 gas turbine.

Chevron Approves $5 B Takeover of Noble Energy

American supermajor Chevron Corporation has agreed to acquire the remainder of Noble Energy’s shares for a total of $5 billion, or $10.38 per share.

Renergen to Host South Africa’s First LNG Auction

South African domestic natural gas producer, Renergen, is set to host South Africa’s first-ever LNG auction.

Saipem to Resume Drilling of Scarabeo 8

Italian multinational oilfield services company Saipem will restart drilling activities in Norwegian waters following the postponement of activities due to the COVID-19 pandemic.

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