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1. Uganda and Tanzania sign oil pipeline project agreement Uganda and Tanzania signed an agreement on the East African crude oil pipeline project (eacop) on Sunday, paving the way for the construction of a 1440 kilometer electric heating crude oil pipeline from Aberdeen, Uganda, to the Tanzanian ...Read more »
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1. Eni group plans to invest 7 billion US dollars in Angola in the next four years Eni, the Italian energy group, plans to invest about $7 billion in Angola over the next four years with partners in exploration, production, refining and solar energy in the country, which the Group believes is the...Read more »
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1. Argentina launched an incentive plan to increase oil production and exports Argentina launched an incentive to stimulate oil production and exports on April 7, allowing companies with new investment of more than $100 million to freely use 20% of their export earnings. 2. Petrobras to ac...Read more »
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1. Iraq and France total sign major energy agreement Iraq has signed a major agreement with total, France, covering four projects: oil field development, natural gas production, large-scale energy infrastructure construction and solar power generation. These projects are located in the oil-rich s...Read more »
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1. The number of oil and gas drilling rigs in the United States increased for the second quarter in a row Baker Hughes, the US oil services company, said in a highly watched report Friday that the number of active US oil and gas rigs rose 6 to 417 as of the week on March 26, the highest level sin...Read more »
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1. YPF increases expenditure to increase VacA Muerta shale production YPF, Argentina’s national oil company, plans to invest more than $1.5 billion in neuken Province, where VacA Muerta shale resources are located, in order to increase crude oil and unconventional gas production. The compan...Read more »
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1. Last week, the total number of oil and gas rigs in the United States increased by the most since April last year On March 19, Baker Hughes, an American oil and gas company, said in a closely watched report that as of March 19, the number of active oil and gas rigs in the United States, the lea...Read more »
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1. Lukoil has increased production in the imilorskoye field in western Siberia Lukoil announced the day before yesterday that the cumulative oil production of imilorskoye oilfield has exceeded 5 million tons since its pilot commercial operation in 2014. Compared with the results in 2019, the outp...Read more »
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1. Mexico’s national oil company has discovered a new billion barrel oil field in Tabasco Pemex, the Mexican national oil company, has discovered an oil field in Tabasco with an estimated reserves of 1 billion barrels. The company aims to reverse a 15 year decline in oil production and said...Read more »
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1. Oilfield service providers Expro group and Frank’s international merged in full stock trading Expro group and Frank’s International announced a final agreement under which the two companies would merge into an all stock deal. Upon completion, Expro shareholders will own about 65% o...Read more »
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1. Shell sells desert assets in Western Egypt to Cheiron petroleum and Cairn energy Recently, shell Egypt and its subsidiaries signed an agreement with a consortium composed of Cheiron Petroleum Corporation and Cairn energy PLC, which will purchase shell’s upstream assets in the western des...Read more »
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1. OPEC + extended production cuts to April, and oil prices rose to their highest level since 2019 OPEC, a 23 member state organization, decided on Thursday to extend the 7.2 million barrels a day’s oil cut to the end of April, while Saudi Arabia, OPEC’s leader, said it would extend i...Read more »
