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PETRONAS Abu Dhabi Sdn Bhd, a wholly-owned subsidiary of PETRONAS, has secured a new oil and gas exploration concession in Onshore Block 2 from the Supreme Council for Financial and Economic Affairs (SCFEA). PETRONAS Abu Dhabi will hold 100% equity and operate during the exploration phase.Located in the Al Dhafra region of Abu Dhabi and […]

World Top 5 Oil Fields #1 Ghawar Field  The Ghawar Field is the world’s largest oil field, located in Saudi Arabia. It is operated by Saudi Aramco, the state-owned oil company of Saudi Arabia. The field was discovered in 1948 and has been in production since 1951. Production and Wells Daily Production: Approximately 3.8 million

https://youtu.be/TFep8bHjpPk?si=aeN3YB0u4etHaui8LONDON, June 27 (Reuters) – BP’s (BP.L), opens new tab new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part

  The contractor will have 3 years to conduct front-end engineering and design for the initial phase of the project. French producer TotalEnergies is ramping up contract awards related to the Gas Growth Integrated Project (GGIP) in southern Iraq with engineering firm Wood scooping a 3-year, $46 million front-end engineering and design (FEED) contract covering

Participation The Baku Energy Forum is an annual international event in Baku, Azerbaijan, bringing together government officials, industry leaders, and experts to discuss trends and opportunities in the energy sector. It covers topics like oil and gas, renewable energy, and sustainability. The forum includes panel discussions, keynote speeches, and networking sessions, often held alongside the

The two companies have formed an S-Hub consortium to evaluate and develop a cross-border carbon capture and storage project for reducing carbon dioxide emissions in Singapore. The S-Hub consortium, consisting of ExxonMobil Asia Pacific and Shell Singapore, has been selected to work with the government of Singapore as lead developers for a cross-border carbon capture

BP will offer up development concessions while ADNOC will provide cash for growth opportunities. ADNOC and BP are forming an Egyptian joint venture that will combine several development concessions in an effort to boost natural gas production from the region. The venture will carry a 51% BP and 49% ADNOC ownership structure and include interests

The $6-billion Azeri Central East (ACE) platform is the first BP-operated offshore production facility controlled from onshore. The new $6-billion BP-operated Azeri Central East (ACE) platform has produced first oil as Azerbaijan and its international partners enter a new stage in developing the nearly 30-year-old Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea. The oil

The national oil company credits lean operating practices and AI for making the three-well, 45,000 B/D project economically viable. The Abu Dhabi National Oil Company (ADNOC) said it achieved first oil production in February from the Belbazem offshore block with an expected output of 45,000 B/D of light crude and 27 MMcf/D of gas at

The asset combination is structured under Eni’s “satellite model,” which Eni has deployed successfully with similar upstream joint-venture deals in Norway and Angola. Italy’s Eni and Ithaca Energy, the North Sea subsidiary of Israeli energy conglomerate Delek Group, have agreed to combine most of their upstream UK assets in a stock-based transaction that creates the