APA Corporation Finalizes Acquisition of Callon Petroleum Company
APA Corporation has concluded the acquisition of Callon Petroleum Company following shareholder approval at meetings held on March 27, 2024.
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ADNOC Starts First Oil, Gas Production from Belbazem Offshore Block
Abu Dhabi National Oil Company (ADNOC) has announced the start of crude oil production from its Belbazem offshore block set to ramp up to 45,000 barrels per day (bbl/d) of light crude and 27 million standard cubic feet per day (mmscfd) of associated gas, contributing to ADNOC’s target of reaching 5 million bbl/d by 2027 and enabling UAE gas self-sufficiency for the UAE.
EMC Achieves EGP 8.8B in Revenues in 2023
During the General Assembly, the company’s Chairman, Khaled Ibrahim pointed to the success of EMC in achieving an increase in the volume of revenues and contracts inside and outside Egypt in 2023. This comes as it achieved revenues amounting to EGP 8.2 billion, a 26% increase over the year 2022, and that it provided a volume of contracts amounting to EGP 11 billion, a 15% increase over the year 2022.
Wintershall Dea Sells Its WIGA Stake to SEFE
Wintershall Dea AG has announced the sale of its 50.02% stake in WIGA Transport Beteiligungs-GmbH and Co. KG to SEFE Securing Energy for Europe GmbH.
El Molla, Honeywell Explore Cooperation in Green Fuel, Emissions Reduction, Capacity Building
Minister of Petroleum and Mineral Resource Tarek El Molla met with a delegation from Honeywell International, headed by Khaled Hashem, the company’s President for the Middle East and Africa region.
QatarEnergy Signs 25 LNG Vessels TCP Agreements with Qatari Nakilat
QatarEnergy has signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic liquified natural gas (LNG) Fleet Expansion Program.
Centamin Announces 450,058 Ounces of Gold Production in 2023
Centamin plc has announced its full year results for the year 2023, highlighting that gold production reached 450,058 ounces, 2% higher than 2022.
Pharaonic Petroleum’s Natural Gas Production Reaches 400 mcf/d in H1 2023/24
The company’s Chairman Hossam Zaki indicated its success in achieving daily production rates during the first half of the fiscal year 2023/24, estimated at approximately 400 million cubic feet (mcf/d) of gas per day and 9,300 barrels of condensates per day.
ADNOC Signs Second Long-Term Heads of Agreement for Ruwais LNG Project
ADNOC has signed a second long-term Heads of Agreement (LNG agreement) for their Ruwais LNG project.
Singapore’s Middle Distillates Stocks Reach Highest Level Amid Exports Decline
Singapore's middle distillates stockpiles have surged by 8% week on week, reaching a new high since September 2021, as net exports of both diesel/gasoil and jet fuel/kerosene have slipped by 98% and 26%, respectively, according to Reuters.
