1. The number of active oil and gas drilling rigs in the United States is close to 500
Baker Hughes, an American oil service company, said in a closely watched report on Friday that as of the week of July 23, the leading indicator of future production – the number of active oil and gas drilling rigs in the United States increased by 7 to 491, the highest level since April 2020. This is the fourth consecutive week that U.S. energy companies have increased the number of oil and gas rigs.
2. Iraq agrees to sign agreement with total to implement energy projects
The Iraqi cabinet has recently approved the signing of an agreement between the Ministry of oil and France’s total energy to implement a huge project, including the collection of 600 million cubic feet of natural gas every day and the development of ratawi oilfield. After signing the agreement, total will also build a 1000 MW solar power plant and start a huge seawater injection project to increase oil production in the southern yarak oilfield.
In March, Iraq and total signed an agreement on these projects and have been waiting for the final approval of the cabinet.
3. Dana gas won an arbitration to terminate the sale of assets in Egypt
The London Court of international arbitration recently ruled in favour of Dana gas, headquartered in Sharjah, terminating the company’s agreement to sell Egyptian assets to IPR wastani petroleum for us $236 million. This means that the UAE energy company will continue to operate these Egyptian assets. Dana gas has been operating in Egypt for the past 14 years and is the fifth largest natural gas producer in Egypt.
4. Sapura won new contracts worth more than $284 million
Recently, sapura energy of Malaysia has obtained new contracts and extensions for its engineering and construction (E & C), operation and maintenance (O & M) and drilling departments in Malaysia and Thailand, with a total value of about rm1.2 billion (US $284.2 million).
5. 2021 “African oil week” will be held from Cape Town to Dubai due to covid-19
The organizers of African oil week (AOW) said in a statement last Thursday that the African oil week (AOW), which was cancelled due to the covid-19 pandemic last year, will be transferred from Cape Town to Dubai and will be held from November 8 to 11 with the theme of “success in a changing market”.
At present, AOW has entered its 27th year. Its goal is to stimulate upstream transactions and transactions, promote investment in African projects, and create new cooperation and network opportunities. It brings together African authorities, national and international oil companies, investors, independent stakeholders and service providers.
6. Schlumberger announces results for the second quarter of 2021
Schlumberger announced the results for the second quarter of 2021 last week. According to the financial report, SLB. US’s revenue in the second quarter was US $5.634 billion, a year-on-year increase of 5%; The net profit was US $431 million, while the net loss in the same period last year was US $3.434 billion. Diluted earnings per share was $0.3, with a loss of $2.47 in the same period last year.
7. Brazil launched the first sunset anti-dumping review investigation on seamless non alloy carbon steel pipes to China
On July 21, 2021, in response to the application submitted by VALLOUREC solu çõ es tubularesdo Brasil S.A., a Brazilian domestic enterprise, on March 19, 2021, the Brazilian Foreign Trade Secretariat issued announcement No. 49 of 2021 in the federal official gazette, stating that for the seamless non alloy carbon steel pipe (tubosde a ç o carbon n ã o ligado, SEM costura) with an outer diameter of no more than 374mm and a circular section originating in China, De se çã o circular, com di â Metro externon ã o superior a 374 mm) launched the first sunset review investigation of anti-dumping. The tax numbers of the products involved in the case are 7304.31.10, 7304.31.90, 7304.39.10, 7304.39.20 and 7304.39.90. The products involved in the case do not include pipeline pipes for oil or natural gas under tax No. 7304.1 and casing pipes for drilling and exploitation of oil and natural gas under tax No. 7304.2. The dumping investigation period of this case is from January 2020 to December 2020, and the injury investigation period is from January 2016 to December 2020. Unless otherwise extended (up to 2 months), the final award will be made within 10 months. The announcement shall take effect as of the date of promulgation（ Source: Official Gazette of Brazil.
Post time: Jul-26-2021