Norwegian oil and gas company, OKEA ASA, has signed a Sales and Purchase Agreement (SPA) with Equinor Energy for the acquisition of Equinor’s 40% operated working interest in PL195 and PL 195B in the North Sea located west of the Gjøa field.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are set to ease the record 9.7-million barrels per day (mmbbl/d) production cuts as of August as demand has seen a continual rise, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman, said at an OPEC+ meeting.
Petrofac’s engineering, procurement, construction management, and commissioning (EPCC) contract for Rabab Harweel Integrated Project (RHIP), has reached its completion in Southern Oman.
McDermott International was awarded a large engineering and procurement (EP) contract from Azikel Petroleum for the modular 12,000 barrels of oil per day (bbl/d) Hydro-Skimming Refinery project in Nigeria.
The Irish drilling services provider, Weatherford International, has signed an eighteen-month contract with the Iraqi Drilling Company (IDC) to provide services for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
Brazil’s Petrobras announced on July 14 that the company’s four platforms in the Buzios oilfield located in the Santos Basin yielded a record daily production.
The world’s largest oil company, Saudi Aramco, is set to reorganize its downstream business and enhance integration across the hydrocarbon value chain in order to enhance financial performance and value creation.
Drilling Company International (DCI) has announced that it is to redesign and upgrade the DCI-1 drilling control and protection system.
China’s June crude oil imports rose by a third from the same period in 2019, which represents the second consecutive straight monthly production record following the arrival of the second batch of April’s cheap oil.
Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman Al Saud, and Iraq’s Oil Minister, Ihsan Abdul Jabbar Ismail, had a phone call to discuss the issue of compliance with the OPEC+ deal.
