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World Oil News
The 2024 China-Africa Think Tank Energy Forum recently convened in Chad’s capital, N’Djamena, where over 70 delegates discussed China-Africa collaboration in oil and gas, the energy transition and partnership opportunities. Source
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ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG. Source
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Aramco has signed a shareholders’ agreement with Linde and SLB, paving the way for development of a Carbon Capture and Storage (CCS) hub that is expected to become one of the largest globally. Source
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Equinor has commended Angola’s recent Incremental Production Decree as a landmark reform that enhances the country’s ability to attract oil and gas investments, while boosting production and driving economic growth. Source
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(Bloomberg) – Chappal Energies has completed the acquisition of Equinor Nigeria Energy Company, a unit of Norway-based Equinor ASA, in a deal that brings immediate production and cashflow benefits, Chappal says. Source
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HMi Elements has taken a major step into the UAE market through a partnership with Al-Yaseah, an Abu Dhabi-based supplier to the oil and gas industry. This marks HMi’s first venture into the UAE market, representing a significant milestone in its global expansion strategy. Source
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Paul Hickin, Editor-in-Chief of Petroleum Economist, has been named one of Cititec’s 50 Voices in Commodities Worth Following. This prestigious recognition underscores Paul’s exceptional contributions to commodity market analysis and his leadership in the global energy sector. Source
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(Bloomberg) – Colombia’s biggest offshore natural gas discovery by Petrobras and Ecopetrol SA could triple the country’s reserves if the deposit is commercially viable, potentially easing the nation’s shortfall. Source
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National Ocean Industries Association (NOIA) President Erik Milito issued a statement after the Bureau of Ocean Energy Management released the Draft Programmatic Environmental Impact Statement (EIS) for oil and gas leasing in the Gulf of Mexico. Source
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Magnaflux non-destructive testing (NDT) solutions are trusted by Oil Country Tubular Goods (OCTG) manufacturers, oilfield and pipeline inspection companies, power generation companies and refineries. Source
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