Aramco Successfully Acquires 50% of APQ’s Interests in BHIG
Aramco and Air Products Qudra (APQ) announced that Aramco completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG).
News / International
Fuel Optimization Company Targets To Save 1.28 mmboe by the end of 2028
The CEO of the Fuel Consumption Optimization Company Hossein Hosseinzadeh announced plans to reduce energy consumption in three sectors: industry, transportation, and construction., aiming to save 1.285 million barrels of crude oil equivalent (mmboe) by the end of the seventh development program (2028).
Electricity Consumption Drives Growth in Energy Demand During 2024
The International Energy Agency (IEA) released a report stating that the global demand on energy has grown by 2.2% last year – lower than GDP growth of 3.2% but considerably faster than the average annual demand increase of 1.3% between 2013 and 2023.
Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029
Iraq’s Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbl/d) by 2029, while confirming an agreement with BP to develop four oil fields in Kirkuk.
ENOC Successfully Achieves Energy Savings Worth AED395 million in 10 Years
ENOC Group announced that it recorded remarkable success in energy reduction resulted in saving AED395 million in total energy from 2014 to 2024 and mitigating 703,840 metric tonnes of greenhouse gas emissions.
Iran Completes Drilling Operations at Bibi Hakimeh Field
A statement issued by Shana News Agency announced completing the drilling operations of an oil well in the Bibi Hakimeh field at the beginning of the year 1404 (March 21).
Oman Launches Bid Round for Oil and Gas Exploration
Oman’s Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production.
Shell Expands Investment in Brazil’s Pre-Salt with Gato do Mato Project
Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced that it has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil.
Energean Report Indicates Strong Performance in Egypt During 2024
Energean's performance in Egypt once again proved robust during 2024 with its key Egyptian assets boosting production, according to a company report.
Vitol to Acquire a Portion of Eni’s Assets in Cote d’Ivoire, Congo
Under a new agreement, Vitol will acquire interests in a number of assets owned by Eni in Côte d’Ivoire and Congo for an aggregate consideration of $1.65 billion at 1 January 2024, with standard cash adjustment at closing.
