Sudan signed an agreement with Russian companies to build a refinery on the Red Sea in Port Sudan with a capacity of 222,000 barrels per day, the oil ministry said
Senex Energy Ltd. has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper basin, with stabilized flow rates of approximately 8 MMscfd, plus associated liquids.
Petrofac’s Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy (UK) Limited valued in the region of $10 million.
CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL (in alphabetical order).
Russia’s first liquefied natural gas (LNG) floating storage and regasification unit (FSRU) is expected to dock at the port of Kaliningrad on Dec. 18, a source familiar with the matter told Reuters.
Royal Dutch Shell said on Monday it would expand the Shearwater gas hub in the British North Sea, its seventh project to get the green light in the aging basin this year.
Equinor, ExxonMobil and Shell are among the interested parties
Woodside has advised that the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore JV has agreed to commence FEED activities for the SNE Field Development-Phase 1 offshore Senegal.
Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea.
Qatar Petroleum entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico.
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.
India’s Reliance, operator of the world’s biggest refining complex, and top oil exporter Saudi Arabia will explore joint investments in refining and petrochemicals in the two countries, Saudi Arabian Energy Minister Khalid al-Falih said.
Workers at Portugal’s Galp Energia started a one-week strike on Monday, reducing production at the Sines and Matosinhos refineries, union leaders said.
Mexican President Andres Manuel Lopez Obrador is boosting Petroleos Mexicanos’ budget to $23 billion (464.6 billion pesos) next year to reverse flagging oil production and increase domestic fuel output.
BP Trinidad and Tobago (BPTT) has announced the sanction for two new gas developments offshore Trinidad, Cassia Compression and Matapal.
Prices rose, Trump hollered, supply signals were mixed, Iran was hit by sanctions and then prices fell back