Kurdistan operators confirm shutdown on Iraq-Turkey ruling
Iraq’s Ministry of Oil has said it would discuss how to export “Iraqi oil through the Turkish port of Ceyhan” with the authorities in Kurdistan and Turkey.
Iraq’s Ministry of Oil has said it would discuss how to export “Iraqi oil through the Turkish port of Ceyhan” with the authorities in Kurdistan and Turkey.
“The business is now determined to add new revenue streams that build a stronger business”, said CEO Paul Weir.
Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices.
FAB is aiming to reduce scope one to three emissions in the oil and gas sector by 7 to 15% by 2030, from a 2021 baseline.
The UN has raised $95 million for the work, of which it has received $75mn. Work in the emergency phase is budgeted at $129mn.
The company said the new rig order was a “direct response” to Adnoc’s production targets. It aims to reach 5 million barrels per day of capacity by 2027, in addition to achieving gas self sufficiency for the United Arab Emirates.
Cepsa said the sale was intended to allow it to focus on its Positive Motion strategy. This will make Cepsa a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal, it said.
The offer runs until March 1. It covers around 4% of the shares in the company. It will raise $1.9 to 2 billion. The price values Adnoc Gas at $47 to 50.8bn.
The Israeli company has also talked about building a third gathering line at Leviathan, with a final investment decision (FID) due early this year.
QE currently manages the marketing and sale of all Qatar's exported products, bar LNG and Helium.
The United Arab Emirates’ national oil company plans to raise $2 billion or more by listing its natural gas business in what could the largest initial public offering so far this year.
Increasing EBITDA and reducing leverage “could enable a global refinancing of the company in 2024”, Schorn said. This “should ultimately accommodate dividend payments to shareholders".
Alebri said the delivery “demonstrates how the UAE is continuing to work closely with our strategic partners in responsibly providing secure, sustainable and affordable energy supplies”.
Chinese leader Xi Jinping pledged to deepen ties with Tehran after meeting Iran’s President Ebrahim Raisi in Beijing, weeks after the US said it would increase pressure on China to stop buying Iranian oil.
Pipeline installation work at Chevron’s Tamar gas field will get under way in 2024.
“It’s a matter of cost,” DNV’s Mediterranean manager Andrea Spessa said. “This pipeline is the best solution to transport energy from one country to another in this range.”
Receivables in Egypt had fallen in 2021 but began climbing once more in 2022.
Two months after Chinese President Xi Jinping visited Saudi Arabia, Hong Kong’s leader John Lee has followed in his footsteps by taking a sizeable entourage to the kingdom.
KCA Deutag has secured the crucial Middle Eastern part of its acquisition of Saipem's onshore drilling rigs, with Romania, Kazakhstan and Latin America still to go.
The BTC pipeline carries about 1 million bpd, of which 400,000 bpd comes from Kurdistan.
Saudi Arabia-based energy services group TAQA has completed its takeover of Al Mansoori Petroleum Services (AMPS) as it eyes regional expansion.
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
The US said it will increase pressure on China to stop buying Iranian oil, as the White House seeks to enforce sanctions aimed at curbing the Islamic Republic’s nuclear activities.
Adnoc has awarded a pre-construction award for offshore facilities on the Hail and Ghasha project to a group including National Petroleum Construction Co. (NPCC).
Total production for 2022 reached 41,000 barrels of oil equivalent per day, of which 75% was gas. For 2023, Energean forecasts this will increase to 131,000-158,000 boepd. Virtually all of the increase will come from Israel.