Author: admin@erthaenergy

Ghana has begun the construction of a $12bn petroleum hub as it looks to supply West Africa with all of its refined products by 2038.

The National Shipping Company of Saudi Arabia will spend $1bn to buy nine very large crude carriers (VLCCs) to modernize its fleet.

Iraq plans to operate on a profit-sharing model with British energy giant bp for the development of the Kirkuk oil and gas fields, reported Reuters, citing sources.  

PETRONAS, the Abu Dhabi National Oil Company (ADNOC), and Storegga have entered into a joint study and development agreement (JSDA) to assess and develop carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.  

Kuwait Petroleum Corporation (KPC) and Qatar Energy are discussing a long-term liquefied natural gas (LNG) supply deal, reported Reuters, citing sources.   

A consortium comprising liquified natural gas (LNG) infrastructure company GAS Entec, AG&P, and local partner Issa Haddadin has been awarded a contract to construct an onshore regasification LNG terminal in Jordan.  

An investigation was initiated following the incident, which saw four people injured, during a maintenance check.

APA, a US-based oil producer, is exploring the sale of its oil and gas drilling properties in the Permian Basin of Texas and New Mexico, reported Reuters, citing sources.    

The Anchois field is located in the Lixus licence, about 30 miles into the North Atlantic Ocean.

Russia’s supplies of crude oil to China in July have fallen by 7.4% on the year, as slowing demand limits purchases by refiners.