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1. New natural gas discovered offshore Abu Dhabi The Abu Dhabi National Oil Company (ADNOC) announced last week that it has discovered a natural gas deposit in Block 2 offshore Abu Dhabi. The exploration rights in this block are operated by Eni, and the results of the first exploration well show ...Read more »
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1. New York pension fund to divest half of U.S. shale companies from its portfolio New York’s $280 billion state pension fund will divest its assets including Pioneer Natural Resources Co., Hess Corp. and Diamondback Energy Inc., according to foreign media reports. Twenty-one oil and gas co...Read more »
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1. COPL found light oil in the United States COPL announced the discovery of a conventional light oil area last week. At present, it is estimated that the total discovered reserves are 1.5 billion to 1.9 billion barrels, of which the reserves under the company’s assets are 1.27 billion to 1...Read more »
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1. Last week, the number of oil and gas drilling rigs in the United States recorded the largest weekly increase since April last year Baker Hughes, a US oil service company, released a high-profile report on Friday that, motivated by the rise in oil prices, as of the week of January 14, the numbe...Read more »
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1. ExxonMobil has discovered two new oil fields in Guyana ExxonMobil, a US oil giant, said last Wednesday that it had discovered two new oil fields in Stabroek block offshore Guyana – high-quality oil-bearing and hydrocarbon bearing sandstone reservoirs in fangtooth-1 well and Lau lau1 well...Read more »
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1. Iraq approves sale of shares in Exxon oil field to Iraqi state-owned enterprises Iraqi oil minister IHSAN Abdul Jabbar said in a statement last Wednesday that the Iraqi cabinet approved the proposal of the Iraqi national oil company (inoc) to start the process of acquiring 32.7% shares of Exxo...Read more »
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1. Dominion energy: complete the sale of Questar pipelines Dominion Energy announced on Friday that it had completed the transaction of selling Questar transmission pipeline project to southwest gas holdings, with a transaction value of US $1.975 billion, including undertaking US $430 million of ...Read more »
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1. Indian oil giant to expand oil exploration Indian oil and gas minister Hardeep Singh Puri said last Thursday that India’s state-owned oil and gas company (ONGC) plans to quadruple the exploration and development area by 2025, from the current 127000 square kilometers to 500000 square kil...Read more »
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1. The number of active oil and gas drilling rigs in the United States increased for the third consecutive week Baker Hughes, a US oil service company, said in a closely watched report last Thursday that as of the week of December 23, the number of active oil and gas drilling rigs in the United S...Read more »
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1. Shell and other 11 oil companies bid for Petrobras block Recently, large oil giants will bid with 11 competitors such as Exxon and shell and Brazilian companies for two exploration blocks in Brazil’s high-yield salt front area – sepia and atapu. According to the Brazilian Ministry ...Read more »
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1. Woodside oil plans to invest US $5 billion in new energy by 2030 Woodside oil company announced at the recent investor day that it plans to invest US $5 billion in new energy by 2030. Woodside said that LNG will still be an important part of the energy structure in the coming decades. It can b...Read more »
