Guyana Earns $80 M From its 7th Crude Shipment
The Guyana’s Ministry of Natural Resources announced that it has earned about $80 million from the seventh shipment of crude which allocated to the government from the offshore Liza Project.
IOC
Neptune Appoints Girard as Director of New Energy
Neptune Energy appointed Pierre Girard for the newly-created role of Director of New Energy.
Shell Looking to Cut Production Costs by up to 40%
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition.
Iraq’s Production Cuts Below Third of OPEC’s Required Rate
Iraq has announced that it will only cut production by 700,000 barrels per day (bbl/d), a third less than the required amount from the OPEC+ supply pact, after international oil companies (IOC) rejected further cuts.
El Molla Announces Bid Round Results
Tarek El Molla, Minister of Petroleum and Mineral Resources, announced on Sunday, December 29th the results of the bid round launched in March of 2019 by the South Valley Egyptian Holding Company for Petroleum (Ganope).
ENOC, Indian Oil Sign Aviation Fuel Supply Agreement
The Emirates National Oil Company (ENOC) announced signing a new evergreen aviation fuel supply agreement with Indian Oil Corporation.
El Molla: NOCs to Pay All Debts to IOCs by End of 2019
Egypt’s national oil companies (NOCs) will pay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla has said.
Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March
Egypt paied $200 million out of total $2.4 billion in arrears owed to foreign oil companies in January.
Iran to Reveal 14 Oil, Gas Exploration Tenders
Iran is planning to unveil its first round of oil and gas exploration tenders since the easing of economic sanctions.
