The Organization of the Petroleum Exporting Countries’ (OPEC) annual statistical report found that total world oil production declined in 2019 by 0.7%, or 0.56 million barrels per day (mmbbl/d), compared to 2018.
Norway re-permits the country’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras once more.
The oil and gas exploration and production company LEKOIL Oil and Gas Investments Limited (LOGL) has agreed to partner with Schlumberger for the next phase of the Otakikpo marginal field development in Nigeria.
Japanese Kawasaki Kisen Kaisha ("K" Line) has agreed with Malaysian energy service provider Yinson Acacia Ltd to participate in the floating production, storage and offloading (FPSO) for Brazil’s Marlim II Project.
Sinopec’s largest refining subsidiary, Zhenhai Refining and Chemical Corporation, has resumed operations after a four-month overhaul.
Halliburton Company and TechnipFMC have introduced Odassea, the first distributed acoustic sensing solution technology, into their subsea well operations.
ADIPEC’s Energy Dialogue focused on how the oil and gas industry should embrace novel technology in the wake of BP’s $5 million investment in a cloud-based geospatial analytics software company.
Petrofac’s Engineering & Production Services (EPS), in a joint venture with Kazakhstan’s Isker, has secured an Engineering, Procurement, Construction, Pre-commissioning and Commissioning (EPCC) contract worth of $135 million for new water treating facilities in Atyrau.
The National Iranian Oil Company (NIOC) has awarded Persia Oil and Gas Industry Development Company (POGIDC) with the development of Iran’s Yaran joint oilfield.
Mexican state-run oil company Pemex and America’s Talos Energy Inc have been ordered by the energy ministry to find a resolution over how they will jointly develop the large Zama offshore oil discovery.
