Companies

Qatar Petroleum has signed a sale and purchase agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to China for 10 years. LNG deliveries will commence in January 2022 to various LNG terminals in China. Saad Sherida Al-Kaabi, the Minister of State for …

BP company has announced the increase in production volume in the concession area, Block 61, from one billion cubic feet per day to one and a half billion cubic feet per day. A statement issued online by Oman News Agency (ONA), said: “BP company raised the volume of production in …

Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts). Iraq, the second-largest oil producer in the Organisation of Petroleum …

Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas (GHG) emissions by 2050. Schlumberger said on Tuesday that it spent 18 months conducting extensive analysis and working with experts to produce a decarbonization plan. With minimal reliance on offsets, the plan …

China’s Silk Road Fund and Hassana Investment Co., controlled by the Saudi Arabian government, joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines. The consortium, led by U.S. firm EIG Global Energy Partners LLC, has now closed a deal to acquire a 49% equity stake in Aramco Oil …

China’s Silk Road Fund and Saudi Arabia’s Hassana Investment Co. have joined a group of investors in Saudi Aramco’s oil pipelines. The consortium led by U.S. group EIG Global Energy Partners LLC acquired a 49% equity stake in Aramco Oil Pipelines Co. for $12.4 billion, according to an emailed statement. …

Gazprom will more than double its natural gas deliveries to China over the Power of Siberia gas pipeline in 2021 to 8.5 bln cubic meters, Deputy CEO of the Russian gas holding Famil Sadygov said at a press conference in TASS. “The supply to China was 4.1 bln cubic meters …

Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the planned development of the Garantiana oil discovery. The wildcat well 34/6-5 S is located in production licence 554 where Equinor is …

Saudi Arabia’s energy giant, Saudi Aramco, has started sales of its first dollar-denominated Islamic bond as it seeks to raise cash to pay out $75 billion in dividends. The official Saudi Press Agency said that the sale of sukuk, or Islamic bonds compliant with the Muslim faith, will end on …

As part of today’s Saint-Petersburg International Economic Forum, in the presence of Minister of Energy of the Russian Federation Nikolay Shulginov, PAO NOVATEK (“NOVATEK” and/or the “Company”) and a subsidiary of TotalEnergies SE (“TotalEnergies”) signed a Memorandum of Understanding (“MOU”) on decarbonization, hydrogen and renewables. The Parties intend to cooperate …