1.ADNOC awarded us $1.83 billion drilling related service contract
Abu Dhabi National Oil Company (ADNOC) recently announced the award of five framework agreements with a total value of 1.83 billion US dollars (6.72 billion AEDs) for directional drilling and logging while drilling (LWD).
After a competitive bidding process, the agreement was awarded to Al ghaith oilfield supply and service company, Al mansoori directional drilling service company, Schlumberger Middle East company, Haliburton worldwide limited Abu Dhabi and Weatherford bin hamoodah company.
The contract covers ADNOC’s onshore and offshore oil fields for a period of five years, with the option to extend it for another two years.
2. Namibia has discovered an estimated billions of barrels of oil
During the oil conference held in Dakar, Senegal, last Friday, Tom alweendo, Minister of mining and energy of Namibia, said that the oil resources explored by global energy giants total and shell offshore Namibia are of great commercial value, and the reserves may reach “billions of barrels”. The evaluation of the two companies is still in progress, and it is expected to carry out commercial mining within four years.
3. Sitio royalty and brightam minerals reach an all stock merger agreement
Sitio royalty Corp. and brightam minerals, Inc. announced yesterday that they had reached a final agreement to carry out an all stock merger with a market value of about $4.8 billion. This merger brings together the two largest listed companies in the field of oil and gas minerals and royalties. They have complementary high-quality assets in the Permian Basin and other oil-focused areas, forming an industry leader operated by a variety of exploration and production companies and with a good record in integrating oil and gas minerals and royalties.
4. Exxon and shell plan to sell $1.5 billion natural gas joint venture
Super giants ExxonMobil and shell are considering selling their Nam gas production joint venture in the Netherlands, with a potential sale value of up to $1.5 billion.
It is reported that shell and ExxonMobil have recently started the sales process of Nam’s offshore natural gas business, including dozens of oil fields, nearly 20 offshore platforms, a pipeline network and three processing plants. The assets involved in the sale also include Nam’s shares in three natural gas processing plants at den Helder terminal in the Netherlands, where 53% of all natural gas produced offshore in the Netherlands is processed..
Post time: Sep-09-2022