investment

Iraq Oil Ministry: Total Enters Development of Four Projects Worth $27 B

The Iraqi Oil Ministry Spokesman Assem Jihad stated that Total company is investing in four development projects in Iraq worth $27 billion. 

Iran to Increase Fars Province Natural Gas Production by 110 mmcm/d

Iran’s Minister of Petroleum, Javad Owji, has announced that his government planned to invest in the upstream gas sector to boost natural gas production from Fars province’s fields to grow by 110 million cubic meters per day (mmcm/d).

Baker Hughes, Ekona To Speed Up Low-Carbon Hydrogen Solutions Development

Baker Hughes has announced that it will invest in Ekona Power, a growth stage company developing novel turquoise hydrogen production technology, to accelerate developing hydrogen and low-carbon natural gas solutions.

Baker Hughes Celebrates Construction of the OFS Hub in Saudi Arabia

Baker Hughes announced its celebration for the start construction of its Oilfield Services (OFS) regional hub which is located at King Salman Energy Park (SPARK)

Iran to Barter Oil for Funding Petroleum Projects

Iran is planning to exchange crude oil with other raw materials, equipment and investments in order to use the revenue in completing the semi-finished petroleum projects.

Chariot to Develop Green Hydrogen Project in Mauritania

Chariot announced that it has signed a memorandum of understanding (MoU) with the Mauritanian Ministry of Petroleum, Mines and Energy to develop the green hydrogen project “Project Nour” in Mauritania of up to 10 gigawatts (GW), a statement issued by Chariot reported.

Neptune Energy Mulls Merger with Harbour Energy

Neptune Energy is working with an adviser studying a potential merge with Harbour Energy company.

Aramco Signs 23 Agreements for Expanding Investment Program

Aramco announced that it has signed 22 new Memoranda of Understanding (MoUs) and one joint venture (JV) with the aim of expanding its industrial program “Aramco Namaat”.

Libya Awards EPCC Contract to Petrofac

Zallaf Libya Oil & Gas Exploration and Production Company has signed a contract with Petrofac Company worth $100 million to deliver Erawin Field Development Project Phase 1 Early Production Facilities.

Indian Oil Expands JV with Petronas to Establish LNG terminals

Indian Oil Corporation (IOC) announced that it is expanding its joint venture (JV) with Petronas company to include establishing liquefied natural gas (LNG) terminals, fuel retailing and gas distribution (LNG).

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