International

Eni signs Bahrain MoU for energy development

Eni signed a Memorandum of Understanding (MoU) with Bahrain to jointly assess and launch new projects in areas of renewable energy, LNG supply and exploration.

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.

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.

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.

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).

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.

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.

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.