Companies

Iraq wants a US partner for Exxon’s stake, Oil Minister Ihsan Abdul Jabbar told reporters in Baghdad. If the talks with Halliburton fail, Iraq will step in to buy the stake, he added. He said a few days ago that Iraqi state company Basra Oil Co. could be a potential …

The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp. The company will receive 4.8 million barrels of oil from the Strategic Petroleum Reserve as part of an exchange, the Department of Energy said Friday on its website. Delivery …

Shell has ended a century of history as a dual-national company by approving a proposal to base itself in London. During an extraordinary meeting of shareholders in Ahoy in Rotterdam, 99.77% voted in favour of relocating the company’s headquarters. Shell was founded in 1833 as an import-export business of tropical …

QatarEnergy said that its LNG producing affiliate, Ras Laffan Liquefied Natural Gas Company, has entered into a long-term Sale and Purchase Agreement (SPA) with China’s Guangdong Energy Group Natural Gas Company. The SPA is for the supply of one million tons per annum of LNG to China over a 10-year …

Saudi Arabia’s state oil and gas corporation Saudi Aramco said that it signed five agreements with leading French companies including a deal on hydrogen-powered vehicles with Gaussin, during French President Emmanuel Macron’s visit to the kingdom. The agreements were concluded in the city of Jeddah during the workshops that were …

The UAE’s clean energy firm Masdar and France’s Engie plan to invest $5 billion to develop 2 GW of renewable and hydrogen projects by 2030 as OPEC’s third biggest producer seeks to implement its net zero emissions pledge by 2050. The agreement between Masdar and Engie was signed during French …

Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest. The plan, details of which were seen by Reuters, …

Saudi Aramco has awarded subsurface and engineering, procurement and construction (EPC) contracts worth $10bn for the development of the Jafurah gas field. The contracts have been awarded to 16 undisclosed domestic and international service companies for the Jafurah Gas Plant and gas compression facilities, as well as infrastructure and related …

Saudi Aramco is marking the start of its development of the Jafurah unconventional gas field on November 29, says a report by Arab News. The Saudi-listed firm claims it to be the “largest non-associated gas field” in the Kingdom. The move is part of the Kingdom’s push to commercialise its …

Eni has inked a deal with Snam to sell its 49.9 percent stake (directly and indirectly owned) in certain companies operating two groups of international gas pipelines connecting Algeria to Italy, Trend reports with reference to Snam. In particular, the perimeter of the transaction includes the onshore gas pipelines running …