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..

Egyptian Investors Join Mauritania in $1.3 Billion Gas Development Partnership

Mauritanian Minister of Petroleum, Mines, and Energy Nani Ould Chrougha, has signed an exploration-production contract for the development of the Banda gas field in Mauritania with the Taqa Arabia Go Gas Consortium.

TechnipFMC Secures Whiptail Project Contract with ExxonMobil Guyana

TechnipFMC has been awarded a contract by ExxonMobil Guyana Limited for the Whiptail project in Guyana Stabroek Block

Fadhili Gas Plant Expansion: Aramco Awards $7.7 Billion in EPC Contracts

Aramco Grants $7.7 Billion in EPC Contracts for Fadhili Gas Plant Expansion in Saudi ArabiaSaudi Aramco has recently awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion to facilitate a significant expansion of the Fadhili Gas Plant located in the Eastern Province of Saudi Arabia.