Upstream

The nation of Equinor has acquired over 50% stake in Argentina’s largest offshore block, CAN 100, as part of its collaboration with  Argentina state-controlled oil firm YPF, the Norwegian company said on Wednesday.

The nation of Uganda has made known its second licensing round in 2019 which is to cover about five blocks in Albertine Carbon to increase international investment into the country’s oil-rich energy sector.

China National Petroleum Corporation (CNPC) has negated plans to load about five million barrels of Venezuelan oil this month, due to strong sanctions from the United States according to Qatar News Agency.

The Hasbah gas field in Jubail, Saudi Arabia is currently undergoing an enlargement project called the “Hashbah offshore gas facilities increment II”.

The Principal Secretary in the State Department of Petroleum, Ministry of Energy and Petroleum Government of Kenya, Andrew Kamau has revealed that the country is ready to endorse the acquisition of offshore oil and gas exploration blocks by Qatar Petroleum, a state-owned company of the energy-rich Arab nation.

South Sudan Petroleum Minister, Awow Chuang has disclosed that the country boosted its oil production by 6,000 barrels which brought its oil output to over 180,000 barrels per day.

Japan Petroleum Exploration has concluded the exploratory drilling operation at offshore Hidaka area of Hokkaido.

Malaysia’s state-owned oil company, Petronas has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month.

Kenya has officially joined the league of oil-exporting countries after striking a deal of 200,000 barrels worth 1.3 billion shillings.

Qatar Petroleum, QP, a state-owned petroleum company in Qatar has signed an agreement with French oil and gas company, Total for the acquisition of a share of exploration and production, (E&P) rights in two blocks offshore Guyana in Latin America.