1. Us drilling companies increase oil and gas drilling platforms for the fifth consecutive week
The number of active oil and gas rigs in the United States, the leading indicator of future production, increased by 7 to 439 in the week ending April 16, the highest level since April 2020, U.S. oil services company Baker Hughes said in a closely watched report on Friday.
For the first time since February, US energy companies have increased oil and gas drilling platforms for the fifth consecutive week. The rise in oil prices in recent months has prompted some drilling companies to return to drilling platforms.
2. Nigeria plans to start 100 oil and gas projects by 2025
Up to 100 oil and gas projects will be launched in Nigeria by 2025, accounting for 23% of the total number of projects launched by the African oil and gas industry in the next five years, global data, a data analysis company, said in a new report.
According to the estimation of GlobalData, by 2025, petrochemical projects will account for the largest share of new start-up projects in Nigeria, with 28 projects, followed by 25 upstream oil and gas projects, 24 refinery projects and 23 midstream projects.
3. IEA raises global oil demand forecast
The International Energy Agency released its monthly oil market report last week. The report predicts that compared with 2020, global oil demand will increase by 5.7 million barrels a day in 2021 to 96.7 million barrels a day.
4. Samsung Engineering wins Saudi petrochemical plant project contract
Samsung Engineering recently announced that it has signed a $650 million petrochemical plant construction contract with agic, a subsidiary of Saudi Petrochemical Company APC. A propane dehydrogenation (PDH) unit and associated utility and external facilities (utos) will be built in jubeil Industrial Park, Saudi Arabia.
5. Shell plans to conduct offshore drilling in Brazil in the second half of 2021
Andre Araujo, President of shell Brazil, said on April 16 that shell plans to start drilling activities off the coast of Brazil in the second half of the year from block BC-10 in the Campos Basin.
Shell is pushing ahead at full speed with the exploration of a large number of new fields that were snapped up in licensing negotiations in 2017-2019. At that time, Brazil relaxed restrictions on sub salt development, allowing foreign oil companies to operate sub salt fields and sell them under production sharing contracts.
6. Noble group completes acquisition of Pacific drilling
Noble Corporation, an offshore drilling contractor, has completed the acquisition of Pacific drilling, a Houston based offshore drilling company, effective April 15, 2021.
The two companies signed a final merger agreement in late March, under which noble will buy Pacific drilling in full stock trading.
7. Toke agreed to buy Angolan national oil company’s stake in puma energy for $600 million
Trafigura, a global commodity trader, has agreed to buy a 31.78% stake in puma energy for $600 million in Angola’s national oil giant Sonangol. Sonangol said in a statement that the deal would take six to eight months to complete, in line with its strategy to optimize its portfolio and focus on its core business.
Post time: Apr-19-2021