hydrocarbons

ExxonMobil Makes New Oil Discovery Offshore Guyana

ExxonMobil announced that it has made a new discovery at Longtail-3 in Guyana.

Sonatrach, Equinor Signs MoU for E&P in Algeria

Sontarach company announced the signature of a Memorandum of Understanding (MoU) with its Norwegian partner Equinor company to find cooperation opportunities in the fields of exploration and production (E&P) of hy ...

BP Strikes Oil in Gulf of Mexico

BP has made a new oil discovery at Green Canyon Block 821 in the Puma West prospect in the deepwater US Gulf of Mexico.

Aramco’s Production Averages at 12.4 mmbbloe/d in 2020

Saudi Arabia’s Aramco achieved an average production of hydrocarbon of 12.4 million barrels per day of oil equivalent (mmbbloe/d) in 2020, of which 9.2 million barrels per day (mmbbl/d) were of crude oil.

Saudi Arabia Intends 1 mmbbl/d Reduction in Domestic Hydrocarbons Consumption

Saudi Arabia intends to slash liquid hydrocarbons’ domestic consumption by 1 million barrels per day (mmbbl/d) to be better used and monetized, Energy Minister Prince Abdulaziz bin Salman stated.

PETRONAS Launches Malaysia Bid Round 2021

PETRONAS company announced that it has successfully launched the Malaysia Bid Round (MBR) 2021 under the theme “Grow Your Energy Portfolio With Us” through a virtual event to open more investment opportunities for ...

NOC Achieves Revenues of $1.41 billion in January

The Libyan National Oil Company (NOC) has announced that it achieved a record a level in its revenues during January 2021, estimated at $1.41 billion.

LUKOIL’s Hydrocarbon Reserves Reach 15.4 Billion Barrels

LUKOIL Company announced that it has achieved total proved hydrocarbon reserves of 15.38 billion barrels (bbl) of oil equivalent, 76% of which stood for liquids until the end of December 2020.

BP Completes First Well Stimulation in Ghazeer field

BP Oman has successfully completed the first well stimulation on Block 61 by Abraj Energy Services in the Ghazeer field.

Lukoil, Gazprom Ink Master Agreement on Field Development

Lukoil and Gazprom signed a Master Agreement to develop Vaneyvisskoye and Layavozhskoye fields in the Nenets region, Russia.

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