Crescent Petroleum to Invest $1B in Iraq
Crescent Petroleum, a leading energy company headquartered in the UAE, has announced its plans to invest up to $1 billion in Iraq as part of a deal with the Iraqi government.
News / International
China Conducts Sea Trials for First Ultra-Deepwater Research, Drilling Vessel
China is set to conduct sea trials for its first ocean research drilling vessel, the Mengxiang.
Shell to Sell Stake in PCK Schwedt Oil Refinery to Prax Group
Shell has announced its agreement to sell its 37.5% stake in the PCK Schwedt oil refinery to Britain's Prax Group to distance itself from the political tensions surrounding the refinery's majority owner, Russia's Rosneft.
ADNOC to Acquire OCT’s Majority Stake in Fertiglobe in $3.6B Deal
ADNOC and OCI have announced a sale and purchase agreement for the acquisition of OCI's majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East & North Africa, and an early mover in sustainable ammonia, with production facilities in Egypt, Algeria and the UAE.
TotalEnergies Announces New Exploration License Offshore Suriname
TotalEnergies, QatarEnergy, and Petronas have signed a production sharing contract with Staatsolie Maatschappij Suriname (Staatsolie), the state-owned oil company of Suriname in South America, for Block 64.
Iraq Operates Fourth Refining Unit at South Refineries Company
Iraq's South Refineries Company has successfully operated its fourth refining unit, producing 50,000 barrels per day (bbl/d) of oil, said Hamid Younis, the Undersecretary of the Ministry of Oil for Refining Affairs.
Venezuela’s PDVSA, Chevron Request 15-Year Extension for Joint Ventures
Venezuela's state oil company PDVSA and US oil major Chevron have requested a 15-year extension for two of their joint ventures from the country's oil ministry, said Deputy Minister Erick Perez.
Large-Scale Dutch CO₂ Storage Project L10CCS Enters FEED Phase
Neptune Energy, along with its partners EBN, Tenaz Energy, and ExxonMobil Netherlands CCS, has progressed the L10CCS project from the Concept Select phase to the Define/FEED phase, which involves conducting technical and economic assessments to determine the feasibility of the project.
Brazil’s Latest Offshore Oil Auction Sees Elysian, Petrobras Making Big Wins
Brazil's latest offshore oil auction, organized by the country's oil regulator, ANP, saw fierce competition among major oil and gas companies.
Germany’s SEFE Seeks Approval for Venture Global’s CP2 LNG Project
Germany's state-owned Securing Energy for Europe GmbH, SEFE, has sought approval from the US energy regulator for liquified natural gas (LNG) developer Venture Global to begin construction on its Calcasieu Pass 2 LNG (CP2) LNG project in Louisiana.
