On Monday, NNPC Ltd and the OML 118 contractor parties – Shell Nigeria Exploration and Production Company (SNEPCo), as operator, Esso Exploration and Production Nigeria (Deepwater) and Nigerian Agip Exploration – executed addenda to the OML 118 Production Sharing Contract and Dispute Settlement Agreement, clearing a fiscal and legal hurdle for the deepwater Bonga South-West/Aparo (BSWAp) project as it advances toward a Final Investment Decision.
A contract that SLB (SLB.N), opens new tab and Venezuela’s state-run PDVSA signed last week has granted the U.S. oil services and technology company access to oilfield data from the country with the world’s largest crude reserves, three sources close to the negotiations said.The deal will allow SLB to organize and upgrade PDVSA’s vast but outdated databases […]
Ghana’s Petroleum Commission says it has resolved all disputes with upstream oil operators active in the country. The agency also reports two separate investment commitments totaling $3.5 billion, earmarked for the Jubilee and TEN fields as well as the Offshore Cape Three Points (OCTP) block. Several producing countries are currently working to secure new upstream […]
Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said.
China’s oil demand probably peaked last year, earlier than previous estimates, according to the head of the nation’s top refiner.
SLB has launched its ExaCT electrical downhole coiled tubing control system, introducing real-time electrical control, telemetry and downhole measurements to well intervention operations.
ADNOC has awarded McDermott an engineering, procurement, construction and installation (EPCI) contract valued at more than $1 billion for an offshore pressure boosting facility at the Umm Shaif field in Abu Dhabi.
The U.S. threatened economic penalties against countries that continue doing business with Iran, escalating pressure on Tehran after nearly six months of war and putting major buyers of Iranian oil under greater scrutiny.
TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude through Syria to the Mediterranean.
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.