ExxonMobil to Invest $1.5B in Nigerian Oilfield
Nigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country.
investment | Egypt Oil & Gas - Part 2
KNOC Mulls Expanding Investments in Egypt’s Petroleum Sector
Minister of Petroleum and Mineral Resources Karim Badawi met with CEO and President of the Korea National Oil Corporation (KNOC) Kim Dong Sub and his accompanying delegation to explore investment opportunities and ...
Eni to Invest €8B in Egypt, Boosting Energy Supply to Europe
Eni CEO Claudio Descalzi unveiled plans to invest about €8 billion in Egypt over the next four years, boosting energy production and supply in the region, as part of a broader €24 billion ($26.24 billion) investme ...
Oman Launches Bid Round for Oil and Gas Exploration
Oman’s Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production.
India Allocates $647M for Strategic Oil Reserves Amid Global Supply Concerns
India has allocated 55.97 billion rupees ($646.78 million) to purchase oil for its strategic petroleum reserves (SPRs) for the fiscal years 2025-26. The budget also includes allocations of 1.8 billion rupees for t ...
Basra Oil Company Signs Deals with Halliburton to Develop Nahr Bin Omar, Sinbad Fields in Iraq
Basra Oil Company (BOC) has signed two agreements with Halliburton to develop the Nahr Bin Omar and Sinbad fields in Iraq. This confidentiality agreement involves Iraq to provide Halliburton with data and discuss ...
Shell-CNOOC JV to Expand Petrochemical Operations in South China
CSPC, a joint venture between CNOOC Petrochemical Investment Ltd. and Shell Nanhai B.V. has reached a final investment decision for expanding its petrochemical complex in Daya Bay, Huizhou, South China with comple ...
Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments
Sinopec Shanghai Petrochemical Company has announced plans to invest 21.31 billion yuan ($2.91 billion) to upgrade its operations aimed at maintaining the company's crude oil processing capacity and implement othe ...
Shell Further Develops Bonga North Deep-Water Project Offshore Nigeria
Shell Nigeria Exploration and Production Company Limited (SNEPCo), has reached a final investment decision (FID) on the Bonga North deep-water project, located in OML 118 offshore Nigeria. The project, which will ...
KUFPEC Eyes More Oil, Gas Projects in Indonesia’s Natuna Sea
Kuwait Foreign Petroleum Exploration Company (KUFPEC) is seeking to increase oil and gas projects in Indonesia's Natuna Sea, according to Reuters.
