BP, Eni Ink HoA with Oman
BP and Eni signed a heads of agreement (HoA) with the Omani Ministry of Oil and Gas for more exploration opportunities in the country.
News / International
Saudi Aramco Awards EPCI Contract to Indian Consortium
Saudi Aramco announced awarding an EPCI contract to Subsea 7 and Larsen and Turbo Hydrocarbon Engineering (LTHE), a subsidiary of Larsen and Turbo (L&T).
Saudi Arabia to Extend Gas Network with UAE, Oman
Saudi Arabia plans to expand the regional gas network especially after the increase in the Kingdom’s estimates of energy reserves.
Algeria to Reduce Oil Output as Part of OPEC Deal
Algeria has reduced its oil output by around 24,000 to 25,000 barrels per day (b/d) starting from January 1.
Eni, OOCEP Win Onshore Production Sharing Deal
Italy’s giant Eni and Oman Oil Company Exploration and Production won an Exploration and Production Sharing Agreement for block 47 in Oman.
Global Economy, Oil Demand are Strong: Saudi Oil Minister
Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabia’s Oil Minister.
Kuwait’s Al Zour Oil Refinery to Operate by 2020
Al Zour oil refinery is expected to start operations by 2020 with a capacity of 615,000 barrels per day (b/d).
Saudi Arabia to Generate 60GW in Renewable Energy by 2030
Saudi Arabia plans to integrate the renewable energy network to produce 60 GW of renewable energy, 40GW from solar power and 20GW from wind and other sources, by 2030.
UAE’s Sharjah Awards Eni Onshore Exploration Concession
During the 2018 exploration bid round ceremony, Eni was awarded areas A, B & C onshore Exploration Concession Agreements from UAE’s Sharjah National Oil Corporation (SNOC).
Bahrain’s NOGA, Eni Ink E&P MoU
Bahrain’s National Oil and Gas Authority (NOGA) has signed a memorandum of understanding (MoU) with Italy’s giant Eni for exploring Block 1 in Bahrain.
