Iran is gearing up to increase oil output to four million barrels per day (mmbbl/d), part of an approved plan of an economic council headed by Iran’s interim President Mohammad Mokhber, according to Reuters.
ADES Holding Company, an oil and gas drilling services provider, has been awarded six onshore contracts with Kuwait Oil Company (KOC), totaling SAR 2.42 billion ($640 million).
TotalEnergies has stated that in cooperation with Petrobras and other key stakeholders in the Atapu and Sépia consortiums, the Final Investment Decision (FID) has been reached for the next phase of development in the Atapu and Sépia oil fields located in the prolific pre-salt Santos Basin, offshore Brazil.
SLB's joint venture, OneSubsea™, has secured a long-term contract extension valued at NOK 2 billion from Equinor for Phase 3, Stage 2 of the Troll project in the North Sea.
Equinor has announced plans to invest over NOK 12 billion along with its partners to further develop the gas infrastructure in the Troll West gas province, to ensure maintaining the current high gas export levels from the Troll and Kollsnes value chain leading up to 2030.
Iran's North Refineries Company has announced plans to increase its refining capacities in addition to developing and modernizing them with the goal of becoming one of the leading international companies in the refinery sector in Iraq and the Middle East, according to Atta Aliwi Hussein Al-Hamdani, the director of the company's project management department.
ADNOC has acquired 10% of Portuguese oil and natural gas company, Galp’s interest in the Area 4 concession of the Rovuma basin in Mozambique, granting the UAE company a share of the liquefied natural gas (LNG) production from the concession, which has a combined production capacity exceeding 25 million tons per annum (mtpa).
TotalEnergies has announced the final investment decision (FID) of the Kaminho deepwater project to develop the Cameia and Golfinho fields, located 100 km off the coast of Angola, by 1,700 m water depth.
APA has announced the sale of two non-core production properties in US by Apache Corporation and certain of its subsidiaries in two separate transactions with aggregate proceeds of more than $700 million, prior to customary closing adjustments.
Petronas has completed the transaction of its 74% stake in Engen Limited to Vivo Energy following the approval obtained from the Competition Tribunal of South Africa, which will see Vivo Energy as the new major shareholder of Engen.
