Oman Expands Oil, Gas Exploration Projects
The Ministry of Energy and Minerals in Oman has signed a concession agreement with CC Energy Development Company for the exploration of oil and gas in concession areas 38 and 74 in the Dhofar Governorate.
News / International
PETRONAS Secures PSC Extension for Ketapang Working Area
Malaysian PETRONAS has announced that its subsidiary, PC Ketapang II Ltd., has secured a 20-year extension for the Production Sharing Contract (PSC) for the Ketapang Working Area located in the Java Sea.
Iraqi Oil Exports Exceed $8B in December
The Ministry of Oil has announced that its earnings for the month of December have exceeded $8 billion, according to preliminary statistics released by the State Organization for Marketing of Oil (SOMO)
Equinor, bp Cancel Contract to Sell Offshore Wind Power to New York
Equinor and bp have announced the cancellation of their contract to sell offshore wind power to New York State from their proposed Empire Wind 2 project.
India’s Petronet to Extend Qatar LNG Imports Beyond 2028
India's Petronet LNG, the country's top gas importer, is set to sign a deal this month to extend its long-term LNG imports from Qatar beyond 2028.
OPEC+ to Hold Meeting in February to Monitor Production Agreements
OPEC+ has announced that it plans to hold the meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February, according to three sources from the alliance.
CNOOC Announces Production of Lufeng Oilfields Phase II Development Project
China's CNOOC has announced the commencement of production for the Lufeng Oilfields Phase II Development Project.
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.
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.
