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1. Biden to cancel keystone XL pipeline project on his first day in office U.S. President elect Biden plans to cancel the $9 billion keystone XL pipeline project by executive order on his first day in office. The project plans to transport nearly 2000 miles of oil from Alberta, Canada, to Nebrask...Read more »
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1. Beck hughes: US drilling companies increase oil and gas drilling platforms for the eighth consecutive week Baker Hughes, the US energy services company, said in its weekly report that the number of oil and gas rigs, an early indicator of future US production, increased by 13 to 373 in the week...Read more »
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1. Equinor wins the largest offshore wind power contract ever in the United States On Wednesday, equinor of Norway announced that it had been selected to provide offshore wind power for New York State, one of the largest renewable energy procurement projects in the United States so far. The US ea...Read more »
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1. Iran’s NIOC signs 1.2 billion euro deal to boost oil production Iran’s national oil company yesterday signed eight euro 1.2bn agreements with domestic companies to develop Iran’s oil fields. Senior oil industry officials, including Iran’s oil minister Bijan Zanganeh, at...Read more »
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1. Petrobras’ oil production reaches a record high in 2020 Despite the global popularity of covid-19 in 2020, the oil field operated by Petrobras, the Brazilian energy giant, has set a record for crude oil production, with an average daily output of 2.3 million barrels, which is equivalent ...Read more »
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1. Lukoil successfully develops horizontal well completion system Lukoil has become the first Russian company to successfully develop and implement its own horizontal well completion system. This is the only commercial horizontal well completion system made in Russia. It was developed by a subsid...Read more »
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1. Saudi Arabia’s unexpected announcement of voluntary production cuts makes oil prices soar Saudi Arabia unexpectedly announced that it will voluntarily reduce production by a large margin in February and March, and will voluntarily reduce production by 1 million B / D in the next two mont...Read more »
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1. Kuwait announces three new oil and gas discoveries Kuwait’s oil and Water Minister, Mohammad al Faris, said in a statement late Monday that Kuwait oil company (Koc) has discovered three new oil fields in different parts of the country, especially two in the north, which are considered of...Read more »
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1. Egypt has signed nine $1 billion oil and gas exploration agreements Tarek El Molla, Egypt’s oil minister, said in a statement over the weekend that Egypt has signed nine $1 billion oil and gas exploration agreements with local and international energy companies. Six large oil and gas com...Read more »
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1. Russia’s Sibur and Sinopec have reached an agreement to form a joint venture to operate the Amur natural gas chemical complex With all the necessary approvals from the regulators of the two countries, Sibur and Sinopec have reached an agreement to establish a joint venture (JV) at the Am...Read more »
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1.Four new oil and gas discoveries in Saudi Arabia Saudi Aramco has discovered four new oil and gas fields near Dhahran, the northern city of rafhaa and Ghawar, Saudi energy minister Abdulaziz bin Salman said on Sunday. At present, Saudi Arabia’s oil reserves account for about 17% of the wo...Read more »
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1. China’s annual offshore oil and gas production exceeded 65 million tons It is learned from CNOOC that in 2020, China’s offshore oil and gas production will exceed 65 million tons of oil and gas equivalent, a record high. Offshore oil and gas production has become an important growt...Read more »
