ADES International has announced its plans to float 30% of its share capital on the Saudi Tadawul. The company’s IPO offers 338,718,754 ordinary shares, which will be listed and traded on the Saudi Exchange’s Main Market following the completion of the IPO and listing formalities with the CMA and the Saudi Exchange.
Iran's Oil Minister Javad Owji has stated that the country's oil production has increased recording 3.3 million barrels per day (mmbbl/d), Shana reported.
IPR Energy Group (IPR) is pleased to announce a major find in the Alamein/Yidma Concession, where IPR holds a 100% Working Interest. This unprecedented find encountered 27 ft of net pay in the Lower Kharita reservoir, with an average production rate of 3,300 b/d at 36°API with less than 1% BS&W on a ½ in. choke.
Cheniere Energy would supply Germany’s BASF with 0.8 million tons per annum (mtpa) of liquefied natural gas (LNG) as part of the US policy to provide Europe with alternative sources of energy.
Chevron has announced its plan to increase its domestic gas production from the Wheatstone gas field in Western Australia, from 205 terajoules (TJ) to 215 TJ per day, following technical and plant modifications.
Minister of Petroleum and Mineral Resources, Tarek El Molla, issued a movement of transfers and assignments that included heads, deputies, and managing director of petroleum sector companies.
The meeting reviewed the company's plans and programs for exploration and drilling of wells, and its plans to increase the volume of its work in the search, exploration and production of oil and gas from its concession areas in the Western Desert, which witnessed during the recent period the implementation of an intensive drilling program for wells and their development
ADNOC and the National Central Cooling Company PJSC (Tabreed) announced the first geothermal energy project set to decarbonize the cooling of the buildings in Masdar City, Abu Dhabi.
Oman has signed an agreement with Germany's SEFE company to provide Europe with liquefied natural gas (LNG) for four years.
In a practical experiment, GAFI completed the establishment of the Damietta Green Ammonia Production Company in the public free zone in Damietta, as the first company to be established digitally in Egypt.
