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1. Turkish oil awarded Schlumberger a contract to develop its largest natural gas reserves Turkish oil company recently awarded Schlumberger an important contract to provide end-to-end production solutions for Sakarya gas field, Turkey’s largest natural gas reserve, including engineering, p...Read more »
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1. ADNOC granted offshore exploration rights to Pakistan Consortium for the first time The Abu Dhabi National Oil Company (ADNOC) awarded the exploitation right of offshore block 5 to a consortium composed of four Pakistani companies. The winning consortium includes Pakistan Petroleum Company Lim...Read more »
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1. The United States is about to resume oil and gas leasing projects Biden authorities said in court documents on Tuesday that they would restart oil and gas leasing projects in the western United States and the Gulf of Mexico, and planned to hold an auction of oil and gas blocks in the Gulf of...Read more »
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1. The world’s largest wealth fund wants oil companies to reduce more emissions Norway’s $1.4 trillion government Global Pension Fund (gpfg), the world’s largest sovereign wealth fund, said last week that oil companies in its portfolio need to cut emissions more sharply to achie...Read more »
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1. Oil drilling surged in Guyana and Suriname At the Offshore Technology Conference (OTC) held in Houston this week, Guyana and Suriname, two small South American countries, attracted the most attention, even surpassing the Gulf of Mexico. The two countries expect to carry out more exploration an...Read more »
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1. 2021 OTC exhibition held this week On August 16-19, the 2021 Houston offshore oil technology conference (OTC) was held simultaneously at the NRG center and offline in Houston, which was the first opening of OTC since the covid-19 pandemic. Previous meetings were postponed or cancelled many tim...Read more »
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1. US Energy Development Corporation will invest US $28 million in the core area of the Permian Basin On August 11, U.S. Energy Development Corp announced that it had established a joint venture with Atlantic Energy Partners LLC headquartered in Midland to develop and operate three horizontal wel...Read more »
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1. ExxonMobil continues to divest shale assets A spokesman for American oil giant ExxonMobil said on Wednesday that the company’s XTO energy shale department is looking for buyers for nearly 5000 natural gas wells in Fayetteville shale, Arkansas. These assets are one of the declining produc...Read more »
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1. Angola: anpg and total have reached an agreement on production sharing of block 29 Angola’s National Petroleum, natural gas and biofuels authority (anpg) and total E & P Angola recently signed a production sharing contract for block 29 in the Namibe basin. According to the signed con...Read more »
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1. Saudi Aramco achieved its highest quarterly profit since 2018 Driven by the recovery of oil and chemical prices, Saudi Aramco follows its large oil competitors with huge profits. The second quarter net profit of the world’s largest energy company was 95.5 billion rials (US $25.5 billion)...Read more »
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1.The United States ordered a review of drilling activities in the Alaska Wildlife Reserve The U.S. Department of the interior said on August 3 that it would launch a new environmental review of oil and gas leasing in Alaska Wildlife Reserve, which may determine the fate of the drilling license i...Read more »
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1. The number of active oil and gas drilling rigs in the United States is close to 500 Baker Hughes, an American oil service company, said in a closely watched report on Friday that as of the week of July 23, the leading indicator of future production – the number of active oil and gas dril...Read more »
