Oman Signs MoUs with Shell, Total
Oman has signed agreements with Shell and Total to develop its natural gas fields.
Oman has signed agreements with Shell and Total to develop its natural gas fields.
Algerian state-run energy company Sonatrach is making acquisitions to increase its petrochemicals business with the view of reducing the north African country's fuel imports and boosting revenue.
Libyan authorities have not raised objections to Total closing a $450 million deal with US-based Marathon Oil to take over its 16% share of the Waha concessions.
Lebanon has already begun exploring in the disputed Block 9 area, Lebanese Energy and Water Minister Cesar Abi Khalil stated.
Iraq has postponed its bidding session for 11 new blocks until April 25, the bidding round was originally planned to take place on April 15.
Saudi Aramco has agreed eight deals worth $10 billion with French companies during Crown Prince Mohammed bin Salman’s visit to France.
Total, Algerian state-owned Sonatrach, and Cespa have started production from the Timimoun natural gas project in Wilaya de Adrar in southwestern Algeria.
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
Some 16 companies, including Exxon, Chevron, and Total, have expressed interest in 11 Iraqi oil and gas fields, the bidding for which takes place on April 15.
Anadarko, Total, Eni, and Statoil are interested in joining the Algerian state oil company Sonatrach to develop offshore drilling in the North African country.