Iran’s South Pars Gas Supplies to National Gas Network Increase 10% YOY
Gas supplies from South Pars Gas Complex (SPGC) to the country’s national gas network has increased 10% year-on-year (YoY).
News / International
BP Oman to Launch 500-million-cubic feet gas project
BP Oman has announced plans to ramp up gas production by a massive 500 million cubic feet per day (mcf/d) from its Ghazeer development in Block 61 by the end of 2020.
Nigeria Begins Oil Exploration in Eight Areas
The Nigeria National Petroleum Corporation (NNPC) begins oil exploration in eight of the 25 local government areas in Niger State, with Nigeria’s reserves expected to increase to 40 billion barrels by 2023.
Equinor Granted Two Well Drilling Permits
The Norwegian Petroleum Directorate (NPD) has granted State-run Equinor two drilling permits for wells 35/11-24 S and A in production licence 248C.
Aramco Completes Acquisition of 70% Stake in SABIC
Saudi Aramco, the world’s largest oil company, has announced the acquisition of a 70% stake in the petrochemical company Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF).
Wintershall Noordzee Starts Production at Second Sillimanite Well
Wintershall Noordzee, a 50:50 Joint Venture of Wintershall Dea and Gazprom EP International, has announced its successful gas production from its second b2 production well located at the Sillimanite field in the Netherlands.
APICORP Expects $792 B MEANA Energy Investments in Coming Five Years
Arab Petroleum Investment Corporation (APICORP) have pledged $792 billion for planned energy investments for the time period 2020-2024.
Petrofac Awarded EPCC Contract in Bahrain
Petrofac’s Engineering & Production Services division (EPS) is the benefactor of a multi-million dollar engineering, procurement, construction, and commissioning (EPCC) contract by Tatweer Petroleum, for an upstream gas project in Bahrain.
Zenith Energy Enters into Bidding Round in Nigeria
The international oil and gas company, Zenith Energy, announced the company’s participation in Nigeria’s 2020 bidding round for marginal oil and gas fields organized by the Nigerian Department of Petroleum Resources (DPR).
India Launches its First Natural Gas Trading Exchange
India launched its first natural gas trading exchange on June 15 in a move to increase market driven pricing and boosting consumption.
