Pioneer Natural Gas Resources announced its target to reduce 25% of greenhouse gas (GHG) emissions in addition to cut 40% in methane intensity by 2030 including the assets of Parsley Energy which it acquired in October.

Intercontinental Exchange (ICE) has signed agreements with American supermajor Chevron, Occidental Petroleum, and leading merchant Trafigura AG to use the upcoming Murban crude futures contract as a pricing benchmark for US sales to Asia.

Oman is preparing to slash oil output during May and June which will see the Sultanate reduce its production by 201,000 barrels per day (bbl/d).

It could take the Algerian government months to take its final decision on whether it will allow Total to take over Anadarko assets in the country.

The Algerian government is reconsidering Total’s acquisition of Anadarko’s Algerian assets and looks for a good compromise

Oman’s government has inked an EPSA with Occidental of Oman, a wholly owned subsidiary of Occidental Petroleum Corporation.

Under the agreement, Occidental will own 100% of the block in the exploration phase and invest around $244 million, meanwhile ADNOC will be able to hold 60% stake in the production phase of the concession.

Occidental Petroleum Corp announced they are no longer pursuing a contract extension for the Qatari Idd El-Sharghi North Dome (ISND) offshore oil field.

The Shah gas project which began operations this year in the United Arab Emirates will achieve full production in the second quarter, earlier than expected