The Petroleum Commission (PC) has signed four agreements with international firms in a bid to secure advanced geological data – 3D seismic data – on the country’s oil fields, according to Director-Local Content, Kwaku Boateng.
State-owned energy giant finds new fields and reservoirs
Non-OPEC producer Kazakhstan, which is part of the OPEC+ output deal, raised its oil production in June, exceeding its quota under the alliance’s agreements, Reuters calculations based on data from sources showed on Wednesday.
ADNOC Drilling has been awarded a contract by ADNOC Offshore to supply three island rigs for deployment in the offshore Zakum oilfield in Abu Dhabi, the drilling contractor announced on Wednesday.
ExxonMobil has signed contracts to explore two blocks offshore Morocco, Upstream Online reported on Wednesday.
Technip Energies (PARIS:TE) in partnership with Université Gustave Eiffel, Valeco, and OPEN-C Foundation, will be leading the PAREF project, an R&D program aimed at accelerating industrial-scale development of floating wind. This project is funded by the French State as part of France 2030 operated by ADEME. It aims to design, fabricate, and test a reusable anchoring system, high and low connectors, and tendons for a tension line system, all while minimizing the impact on the marine environment in real offshore conditions.
With new projects to come on stream soon, Guyana will continue to see greater earnings from the oil and gas sector. At the current production level, over US$1.5 Billion is being generated every month.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) is expected to highlight quarter-over-quarter improvements when it files its quarterly earnings considerations 8-K, analysts at UBS believe.
Reports say the Nigerian National Petroleum Company Limited, NNPCL, has declared a state of emergency on crude oil production.
IOCs active in Iraqi Kurdistan finally yielded to Baghdad’s calls for oil sales to be handled by SOMO.
For China, a fractious independent Kurdistan with strong former ties to the U.S. would make the administration of Iraq’s oil and gas sector much more difficult.
Despite controlling Iraqi Kurdistan’s oil sector post-2017 independence vote, Russia prefers to work with Baghdad’s central government.