Iraqi Drilling Company Completes Drilling, Reclamation of 199 Oil Wells in 2023
The Ministry of Oil has announced that the Iraqi Drilling Company has completed the drilling and reclamation of 199 oil wells during the past year of 2023.
News / International
Nigeria to Increase Oil, Condensates Production by 2026
Nigeria has set a target of producing 2.6 million barrels per day (bbl/d) of oil and condensates by 2026. This is a significant jump from the current production levels of around 1.6 million bbl/d in 2023.
Avangrid Terminates $8.3B Deal with PNM Resources
Iberdrola's US unit, Avangrid Inc., has announced the termination of its $8.3 billion deal, including debt, with rival PNM Resources.
Shell Announces Start of Production of FPSO Sepetiba in Santos Basin, Brazil
Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, has announced the start of production of the FPSO Sepetiba in the Mero field, located offshore in the Santos Basin of Brazil.
Gazprom’s Natural Gas Supplies to Europe Drop by Over 50% in 2023
Russian energy giant Gazprom has seen a decrease in its natural gas supplies to Europe in recent years.
ExxonMobil Exits West Qurna 1 Oilfield in Iraq, Handing Over Operations to PetroChina
US energy giant ExxonMobil Corp. has officially exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the lead contractor.
Eni Introduces Gas into Tango FLNG Facility in Congo
Eni has announced the successful introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility in Congolese waters only twelve months after the final investment decision was made
QatarEnergy, Shell Sign First Ever Five-Year Crude Sales Agreement
QatarEnergy and Shell have signed a five-year crude sales agreement, marking the first time that Qatar has entered into such a long-term deal. Under the agreement, Qatar will supply up to 18 million barrels of oil per year to Shell in Singapore, starting in January.
Williams to Acquire Natural Gas Storage Assets for $1.95B
Pipeline operator Williams has announced its plans to purchase a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion because of the increasing demand for liquefied natural gas (LNG) projects.
Iran’s Gas Exports See Increase in Revenue, Volume
Iran's gas exports have increased in both revenue and volume during the first seven months of the current Iranian calendar year (March 21–October 22), according to the latest figures released on Tuesday by the Iran Trade Promotion Organization (TPO).
