Upstream

Malaysian oil company Petronas at a ceremony named its second Floating LNG unit “The PFLNG DUA”, the ceremony took place at Samsung Heavy Industries.

Oil giant Shell has chosen Shearwater GeoServices for the acquisition project in the Black Sea.

According to data put together by Rystad Energy, Brazilian oil company Petrobras could become the world’s largest oil producer among the publicly listed companies by the year 2030. 

Qatar Petroleum will boost Qatar’s LNG production to 126 million tons per year (tpy) by 2027, it will be an increase of 64% from the present 77 million tpy.

A source close to Shell disclosed to Reuters that the plans to sell Egyptian desert assets will begin at the end of this month. It is said to cover 19 oil and gas concessions with a production of 100,000 barrels per day for a total of one billion dollars.

Total and Consortium partners have declared their first oil from the Iara license (Block BM-S-11A) in the deepwater Santos Basin in Brazil.

BP Trinidad & Tobago (BPTT) has recently discovered gas with the Ginger exploration well, offshore Trinidad.

South Sudan is currently working on holding an oil licensing round by the end of the first quarter of 2020, inviting oil companies to participate in the tender for 14 oil exploration blocks.

The President of LUKOIL, Vagit Alekperov and Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea, Gabriel Mbaga Obiang Lima, recently signed a MoU (memorandum of understanding) at the Russia–Africa Summit in Sochi on the Oct 23, 2019.

A Memorandum of Understanding (MoU) was signed between Nigeria and Russia yesterday, Sochi, Russia, which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukoil to build a commercial relationship.