China’s state-owned power company China Energy Investment Corporation has begun operations in Asia’s largest coal-linked carbon capture, utilisation, and storage (CCUS) facility, global newswire Reuters wrote in a report citing the Chinese media outlet CCTV. According to the report, the facility, which is connected to the company’s Taizhou thermal coal power plant in Jiangsu Province […]
Exploration & Production
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Top 5 oil and gas contracts in the Middle East: May 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. (Editor’s note: This list is not a ranking) 1. Aramco awards EPC contract for world’s largest offshore field Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 […]
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Drones attack Russian oil refineries near major port
Russian officials have revealed that two oil refineries located approximately 40-50 miles (65-80 km) east of Russia’s largest oil export terminals were targeted by drone attacks, according a Reuters report. According to the report, One of the refineries, Afipsky, has experienced a fire because of the attack, but the other refinery, Ilsky, sustained no damage. […]
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UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
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Cairn Oil & Gas portfolio surpasses one billion barrels
Cairn Oil & Gas, a subsidiary of Vedanta Resources owned by billionaire Anil Agarwal, has announced that its reserves and resources portfolio in India has surpassed 1 billion barrels of oil equivalent (boe), media reports suggested. This milestone comes as the largest private oil and gas company in India has identified 20 new development projects […]
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Natural gas prices could dip below zero in Europe: Report
Natural gas prices in Europe are likely to plummet further on lackluster demand from power generation and industry. This downward trend has led traders and industry officials to consider the possibility of day-ahead prices dipping below zero in some European markets during the summer, according to a report by Oilprice. According to the report, several […]
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Qatar eyes Iraqi oil and gas projects
Iraq Oil Minister HE Hayan Abdel Ghani confirmed on Wednesday Qatar’s interest in obtaining rights for oil and gas exploration in his country, speaking at the Qatar Economic Forum. Ghani told Qatar News Agency (QNA) that the forum was an opportunity to announce a number of energy projects that Iraq wants to develop in the […]
Posted inExploration & Production
Iraq invites bids for 13 oil and gas projects
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. […]
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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Saipem secures two-year extension for Eni’s $280 million drillship contract
Saipem has been awarded a two-year contract extension by Eni for the use of the Santorini drillship. The contract extension, which will give continuity to the ongoing activity, will come into force starting from August 2023 and is worth approximately $280 million. The deal also includes income linked to investments for improvements to the drillship […]
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