Nigeria, Germany Sign $500M Renewable Energy, Gas Export Deals
Nigerian and German companies have signed two accords in Berlin, further strengthening economic ties between the two nations.
News / International
Oman LNG Signs Nine-Year Deal with bp
Oman's liquefied natural gas (LNG) company Oman LNG has announced a major deal with bp, selling approximately 1 million tons per year (mtpa) of LNG for nine years starting in 2026.
Iran to Increase Oil Production to 3.6 mmbbl/d
Iran plans to increase its oil production to reach 3.6 million barrels per day (mmbbl/d) by the end of the current Iranian calendar year, which concludes on March 20, 2024, said Iran’s oil minister Javad Owji.
TotalEnergies Completes Sale of Canadian Oil Sands Assets
TotalEnergies has announced the completion of the sale of its shares in TotalEnergies EP Canada Ltd. to Suncor, including the company's participation in the Fort Hills oil sands asset and associated midstream commitments.
ADNOC, Santos to Develop Global CCS Platform
ADNOC and Australian oil and gas firm Santos Limited have announced a strategic collaboration agreement (SCA) that paves the way for the potential development of a joint global carbon management platform. This platform aims to support the decarbonization efforts of customers across the Asia-Pacific region.
Venezuela to Close License for Offshore Gas Field Development
Venezuela is close to approving a license allowing Shell and the National Gas Company of Trinidad and Tobago to develop offshore natural gas field and export its production to the Caribbean country.
China Resumes Adding to Crude Oil Inventories
China, the world's largest crude oil importer, has resumed adding to its crude oil inventories in October. This comes as refinery processing declined from a record high and imports saw a slight increase compared to September, according to Reuters.
Saudi Aramco Discovers New Natural Gas Fields
Saudi Aramco, the world's largest oil producer, has discovered the presence of two new natural gas fields, Al-Hiran and Al-Mahakik, in the Empty Quarter region, Saudi energy minister Prince Abdulaziz bin Salman said on Sunday.
Okinawa Electric Power to Start Trials of Trial Hydrogen Co-Firing Technology
Japan’s Okinawa Electric Power has announced its plans to conduct a trial of co-firing hydrogen at a commercial gas-fired power plant.
Russia Lifts Restrictions on Gasoline Exports
Russia said that it has lifted restrictions on gasoline exports, following the previous lifting of restrictions on diesel exports.
