US Drillers Increase Oil, Gas Rig Count
US energy firms has increased oil and natural gas rigs for the second week in a row since mid-September, according to a report from Baker Hughes.
News / International
Iraq to Increase in Production of Siba Gas Field in Basra
Iraq’s Oil Minister Hayyan Abdul-Ghan has announced plans to increase the production capacity of the Siba gas field in Basra Governorate to 100 million standard cubic feet per day.
Edison Completes Sale of its 11.25% Stake in Algeria’s Reggane Nord Gas Field
Edison has announced the completion of its 11.25% stake sale in the Reggane Nord gas field license in Algeria to Repsol and Wintershall Dea, holding 6.75% and 4.50% respectively.
QatarEnergy, CPChem Secure $4.4B for Ras Laffan Petchemicals Project
QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) has announced the securing of $4.4 billion in financing for the Ras Laffan Petrochemicals project, a world scale integrated polymers complex in Ras Laffan Industrial City, Qatar.
Iran Discovers Largest Dry Gas Field in Fars Province
Iran’s Oil Minister Javad Owji has revealed the discovery of a dry gas field in Lamerd, the largest of its kind ever found in Iran.
ExxonMobil to Acquire Pioneer Natural Resources in $59.5B Merger
ExxonMobil Corporation and Pioneer Natural Resources have jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023.
Kosmos Energy Makes Oil Discovery in US Gulf of Mexico
US Kosmos Energy, a full-cycle independent oil and gas exploration and production company, has announced the discovery of oil in the U.S. Gulf of Mexico at the Tiberius exploration well.
Aramco Assesses Possible Investment in Shandong Yulong Petchems
Aramco, a global leader in the energy and chemical industry, has announced the signing of a memorandum of understanding (MoU) with Shandong Yulong Petrochemical Co. Ltd., Nanshan Group Co. Ltd., and Shandong Energy Group Co. Ltd.
