Companies

Shell is reported to be in talks with Iraq to boost Basra Gas Company’s capacity. According to S&P Global Platts, BGC is planning to increase capacity for gas production from 1 billion cubic feet per day (Bcf/d) now to 1.4 Bcf/d in two years; discussions with Shell could see that …

Rosneft and the Ministry of Economy, Trade and Industry of Japan (METI) have signed a Memorandum of Cooperation on carbon management. The document is signed to continue the cooperation between the Company and METI and provides for the development of the parties’ interaction to implement lower-carbon projects with the participation …

Russian Energy Ministry is reportedly preparing a report on the possibility of natural gas export via the new Nord Stream 2 pipeline by Rosneft to Europe. The report is due to be completed in the coming days, Russian news agency Interfax reported citing Russian Deputy Prime Minister Alexander Novak. Following …

French energy giant Total Energies and the Iraqi ministries for oil and electricity along with the country’s National Investment Commission have signed major agreements, worth $27 billion, covering several projects in the Basra region, designed to enhance the development of Iraq’s natural resources and to improve the country’s electricity supply. …

Saudi Arabia’s state-run energy firm is splitting its gas production division in two, as the fuel becomes increasingly important for expanding its chemicals business and amid efforts to position itself for the energy transition. The Saudi Arabian Oil Company (Saudi Aramco) will create two new divisions, named Southern Area Gas …

The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia’s Federal Customs Service. Statistics showed that the physical volume of gas exports during the reported period …

The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a wildcat and an appraisal well in the North Sea off Norway. The NPD said on Thursday that wells 35/10-7 S and A will be drilled from the West Hercules drilling rig. The drilling programme for wells 35/10-7 …

As part of its diversification drive, the world’s biggest oil producer, Saudi Arabian Oil Co. (Saudi Aramco) signed 22 new pacts and a joint venture agreement with leading global firms in sectors such as sustainability, technology, industrial and energy services. This comes amid a growing focus on environmental, social and …

Abu Dhabi National Oil Company (ADNOC) is planning to divest at least a 7.5% stake in drilling subsidiary ADNOC Drilling through an initial public offering (IPO). ADNOC intends to float the drilling unit’s issued share capital on the Abu Dhabi Securities Exchange (ADX). The listing is a part of the …

Russian state-run energy giant Gazprom has increased output of natural gas by nearly 18% in the first eight months of the current year, compared to the same period a year ago. The gas producer said its output totaled 337.2 billion cubic meters, marking a year-on-year growth of 17.9%, according to …