Companies

Eni and BP are reportedly mulling to raise up to $2bn to fund their proposed oil and gas joint venture in Angola. In May 2021, the two firms started talks to merge their Angolan oil, gas and LNG assets in a new joint venture (JV) company to form one of …

Qatar Petroleum has ordered its first Chinese-built gas carriers, opting for four LNG carriers from Hudong-Zhonghua Shipbuilding in a deal worth approximately $770m. These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North …

PJSC Lukoil agreed to acquire a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from bp. The SWAP project area, south of the Absheron peninsula, lies in water depths up to 40 m. In 2016, a 3D seismic …

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 …