International

Russia’s Oil Giant Lukoil Plans $100B Investment Over Ten Years

As part of a new development strategy, Lukoil plans to invest more than US$100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief executive of Russia’s second-largest oil producer, told President Vladimir Putin during a meeting on Tuesday.

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Hess Raises 2020 Capex To $3B To Develop Bakken, Guyana

U.S. oil producer Hess Corporation said on Tuesday it expects to allocate US$3 billion for production, development, and exploration in 2020, focusing on high-return investments in the Bakken shale play and offshore Guyana.

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Jordan’s Maan Refinery to Commence Production in 2024

Jordan’s Maan refinery is anticipated to commence production in H2 2024, a Kuwaiti project investor reported, according to The Jordan Times.

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ADNOC, Eni to explore carbon capture and storage opportunities

Abu Dhabi National Oil Company (ADNOC) signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS).

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Equinor awarded 23 new Norway production licences

Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019 – 14 of the licences are Equinor-operated and 9 are partner-operated.

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Masdar, Cepsa form renewable energy JV for Spain, Portugal projects

Masdar, a subsidiary of Mubadala Investment Company, and Spain’s Cepsa, owned by Mubadala and The Carlyle Group, announced an agreement to establish a joint venture company to develop renewable energy projects in Spain and Portugal.

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SNC-Lavalin to Work on UAE’s Haliba Field

SNC-Lavalin won an engineering services contract to work on Haliba field in Al Dhafra Petroleum’s concession area in Abu Dhabi, according to Pipeline Oil and Gas News.

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ADNOC, ENI Ink Strategic Agreement for CCUS

The Abu Dhabi National Oil Company (ADNOC) signed a strategic framework agreement with the Italian giant, Eni, to cooperate in carbon capture utilization and storage (CCUS), according to Khaleej Times.

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