Oil & gas news
Oil up on OPEC+ meeting optimism and China demand
Oil prices rose on Monday on expectations that OPEC+ may keep output stable in February and on a demand uptick coming from China.
Total consortium signs E&P agreement in Egypt
The agreement is for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea.
Eni and SNOC begin production at Mahani field
The field is located in onshore Concession Area B of the Sharjah Emirate.
Sulzer awarded pump retrofit contract for Norwegian oil and gas platform
Aker BP has awarded Sulzer a contract to retrofit a water injection pump on the FPSO Alvheim.
Equatorial Guinea set to intensify E&P activity in 2021
Trident Energy is set to drill three wells in Block G offshore Equatorial Guinea in 2021, with an estimated start date in April.
Rystad Energy: 2021 could offer a window of opportunity for producers
Rystad Energy’s latest balances indicate that 2021 could offer producers a window of opportunity, as monthly supply deficits may reach their highest level in years.
AqualisBraemar completes acquisition of LOC Group
The purchase price consideration was a US$20.2 million cash consideration plus 2 million conditional warrants in AqualisBraemar.
Oceaneering awarded contract to 20 000 psi-rated subsea hydraulic connection hardware
The hardware is destined for the first-ever 20 000 psi-rated field to be developed in the Gulf of Mexico.
Eni makes oil discovery in Egypt
The new discovery at the Meleiha Concession adds 10 000 bpd to Eni's gross production in the Western Desert of Egypt.
CPC receives first cargo of Chadian crude
The first cargo of crude oil from the Oryx Concession in Chad arrived in Taiwan at the Dalin Refinery earlier this month.