International

Iraqi Basra Oil to take biggest share in Exxon stake in West Qurna 1 oilfield

Published on : 2022-06-19

Rueters - Iraq's Basra Oil Company will acquire the biggest share in Exxon Mobil's stake in the southern West Qurna 1 oilfield after approving the 2022 budget, oil minister Ihsan Abdul Jabbar told reporters on Sunday.

Iraq's oil ministry formally asked to purchase U.S. energy giant Exxon's shares in the oilfield in May 2021, which is one of the world's largest with recoverable reserves estimated at more than 20 billion barrels..

QatarEnergy to build 18 largest LNG vessels ever built in China’s CSSC for $6bln

The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China’s Hudong-Zhonghua Shipyard

UAE’s Dana Gas suspends operations at Iraq’s Khor Mor gas field following drone attack

The UAE-based Dana Gas, the largest private sector natural gas company in the region, has suspended operations at its Khor Mor gas field following a drone attack on its site on April 26

Shell earns $1bln a year from US crude trading, court filing shows

Testimony by a former head of Shell U.S. crude trading division filed in a Texas state court has offered a rare look at the huge profits of its trading operations and the multi-million dollar bonuses bestowed on traders