OPEC member Iraq has invited bids from multinational oil exploration firms to develop oil and gas sites as a part of its new licensing round, online news portal Zawya wrote in a report. The reported cited a statement from the Iraq’s Oil Minister Hayan Abdel Ghani, which was carried by the local press, on Tuesday. […]
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Nigeria needs $12 billion to clean up Shell, Eni oil spills
Africa’s largest economy Nigeria will require $12 billion to address the long-standing oil spills in southern Bayelsa state over a 12-year period, global newswire Reuters said, quoting a new report which specifically holds Shell and Eni accountable for the majority of the pollution. Bayelsa, a major oil-producing state in the Niger Delta, has been plagued […]
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Lebanon secures deals to get more Iraqi oil
Lebanon has secured deals for more fuel supplies from Iraq, the two countries said on Tuesday, as Beirut battles to produce more power to help it emerge from years of economic crisis, Reuters reported. Baghdad has agreed to increase the volume of heavy fuel oil supplied under an existing deal by 50% to 1.5 million […]
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Middle East oil producers and cybersecurity: Too big to fail?
Once dominating global headlines, cyber-attacks on oil majors across the GCC became less common in recent years, but not because hacker attacks became less. An agile, diversified investment into cyber defence is key to keeping e-viruses and trojan horses out. The “Masque of the Red Death” by American writer Edgar Allan Poe describes the desperate […]
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Kuwait’s KPC and Shell sign deal to share oil and gas expertise
Kuwait’s state-owned energy company Kuwait Petroleum Corp and international major Shell have signed an MoU for exchanging know-how and expertise across various divisions of the fossil fuel sector. KPC said in a statement on Saturday that the memorandum of understanding (MoU) was inked as part of the approach by the corporation and its subsidiary companies […]
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Oil companies evacuate workers as Sudan clashes worsen
Oil workers employed by China National Petroleum Corp and Sinopec have fled Sudan amid continued armed conflict in the African country. As of early May, the two state-owned giants have evacuated 189 workers by air or sea — 114 employed by CNPC and 75 by Sinopec, according to an Upstream report. China has deployed its […]
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Italian oil major Eni faces lawsuit for ‘lobbying and greenwashing’
Eni is facing a climate lawsuit with environmental groups alleging the company used “lobbying and greenwashing” to push for more fossil fuels despite having knowledge of its risks since 1970. The environmental group Greenpeace Italy and fellow green campaigner ReCommon filed the suit along with 12 citizens from areas of Italy severely affected by extreme […]
Posted inExploration & Production
QatarEnergy signs contracts to explore oil offshore Suriname
QatarEnergy has signed exploration contracts for Blocks 6 and 8 offshore the Republic of Suriname, the company announced today. Located in the Southern part of offshore Suriname, the adjacent Blocks 6 and 8 lie immediately South of Block 58 in shallow waters, with depths ranging between 40 and 65 meters. QatarEnergy will own a 20% […]
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Top 5 oil and gas contracts in the Middle East: April 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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How will ChatGPT impact oil and gas projects?
Engineers and designers are building AI-models like ChatGPT to help create virtual worlds in the metaverse to run simulations and increase productivity and efficiency metrics