General – Key Facility
Ras Tanura, the largest refinery in Saudi Arabia and one of the world’s largest, has been hit by a drone and has halted operations.
[Read more…] about Largest refinery in Saudi Arabia hit by droneChevron declares force majeure as Israel shuts Leviathan gas field
Fossil Energy – Leviathan
Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production for security reasons.
[Read more…] about Chevron declares force majeure as Israel shuts Leviathan gas fieldHanwha Ocean awarded Leviathan Expansion Module Fabrication Project
General – Leviathan
Hanwha Ocean has been awarded the Leviathan Expansion Project Module Fabrication contract by Chevron Mediterranean.
[Read more…] about Hanwha Ocean awarded Leviathan Expansion Module Fabrication ProjectSuriname advancing dual-track gas strategy in Block 52
Fossil Energy – Suriname
Suriname is advancing a dual-track gas strategy in Block 52 as it moves towards offshore production, according to Annand Jagesar, managing director of the state-owned oil company Staatsolie.
[Read more…] about Suriname advancing dual-track gas strategy in Block 52TPAO and BP sign MoU for Iraq
General – Cooperation
Turkish Petroleum (TPAO) and BP have signed a Memorandum of Understanding (MoU) on strategic cooperation in oil and natural gas.
[Read more…] about TPAO and BP sign MoU for IraqOil and gas discovery in North Sea
Fossil Energy – Discovery
Equinor and its partners have discovered oil and gas in the Granat prospect near Gullfaks, 190 kilometres northwest of Bergen.
[Read more…] about Oil and gas discovery in North SeaChevron signs oil exploration deal in Syrian waters
Fossil Energy – Syria
Chevron has signed a Memorandum of Understanding with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria.
[Read more…] about Chevron signs oil exploration deal in Syrian watersAker BP releases first long‑term oil demand outlook
Fossil Energy – Demand Outlook
Aker BP’s Markets & Strategic Insights team, led by Jostein Magerøy and Chief Economist Torbjorn Kjus, projects that global oil demand will continue to grow, reaching 112 million barrels per day by 2035.
[Read more…] about Aker BP releases first long‑term oil demand outlookKuwait to tap oil firms for offshore fields
Fossil Energy – Development Discoveries
Kuwait’s prime minister Ahmad Abdullah al-Ahmad al-Sabah said last week that Kuwait Petroleum Corporation plans to invite international oil companies to assist Kuwait Oil Company in developing the recently announced offshore oil and gas discoveries.
Al-Sabah added in his opening remarks at the Kuwait Oil and Gas Show that KPC is in talks with global financial institutions to establish a lease and lease-back of Kuwait’s domestic crude oil pipeline network.
In January, sources told Reuters that Kuwait was set to launch an oil pipeline network stake sale as soon as February in a deal that could raise to $7 billion.
Kuwait’s oil minister Tariq Al-Roumi told Reuters on Monday that he expects tenders for the Durra oil and gas field project, in cooperation with Saudi Arabia, to be launched this year.
Chevron signs MoU with Libya’s NOC
Fossil Energy – MoU
Chevron has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate potential oil and gas exploration and development opportunities, supporting the country’s efforts to boost hydrocarbon production.
[Read more…] about Chevron signs MoU with Libya’s NOC