ADNOC Awards Eni, PTTEP Offshore Concessions
The Abu Dhabi National Oil Company (ADNOC) has awarded Italy’s Eni and Thailand’s PTT Exploration and Production (PTTEP) two offshore exploration blocks in a commercial bid round.
News / International
Libya’s NOC Adds 2,900 b/d
Libya’s Arabian Gulf Company, a subsidiary of state oil firm National Oil Corporation (NOC), has began production at a rate of 2,900 barrels per day (b/d) from the Massila oilfield.
Saudi Arabia Announces $2 B Petrochemical Deals
The Saudi Arabian General Investment Authority (SAGIA) announced a number of new petrochemical investments worth more than $2 billion.
Dana Gas Generates 31,800 boe/d from Iraq
Dana Gas’s average production during the first nine months of 2019 increased by 8% to 67,100 barrels of oil equivalent per day (boe/d), driven mainly by a 23% increase in production in the Kurdistan Region of Iraq to 31,800 boe/d.
Oman Oil Co-Executes First Blockchain Trade Transaction
Oman Oil and Orpic Group and HSBC Bank Oman SAOG (HSBC Oman) have successfully executed the first blockchain trade finance transaction in Oman.
Libya Pumps 1.25 MM b/d of Oil
Libya is generating 1.25 million barrels per day (b/d) of oil and plans to increase production to 1.5 million b/d in 2020, the head of the state National Oil Corporation (NOC), Mustafa Sanalla, said.
ADNOC Selects Honeywell For Largest Maintenance Project
The Abu Dhabi National Oil Company (ADNOC) signed a 10-year contract with Honeywell to drive improved asset and machinery management across the company’s upstream and downstream operations.
Lebanon Seeks 180,000 Tons of Diesel
Lebanon's Ministry of Energy and Water announced that the country will be holding a bid round to buy 180,000 tons of diesel oil.
Sonatrach Renews Gas Contract with France’s Engie
The contract is medium to long term. However, no further details on the quantity of gas to be delivered to Engie were mentioned.
Iran Restores Stability Amid Fuel Prices Hike
Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest.
