News

  • Proposal to create Emirati-Iraqi Business Council

    Maintaining economic momentum between “sisterly countries” the UAE and Iraq was top of the agenda when the Ambassador of Iraq to the UAE visited Abu Dhabi Chamber recently.   Ambassador Dr Mudaffar Mustafa Al-Jubouri was received by Abdullah Mohammed Al Mazrouei, Chairman of Abu Dhabi…

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  • Aramco in Advanced Talks on Up to US$25 billion Reliance Deal

    Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said.   The Saudi Arabian firm is discussing the purchase of a roughly 20% stake in…

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  • Lukoil starts drilling first well in Block 12 off Mexico

    Russian independent oil company Lukoil has started drilling its first exploration well at Block 12 located in the southern area of the Gulf of Mexico.   Lukoil said on the 16th August that the Yoti West-1Exp well would be drilled by the Valaris 8505 semi-submersible…

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  • 88 Energy confirms oil in North Slope, Alaska Merlin wildcat

    88 Energy Ltd, Perth has confirmed discovery of light oil at Merlin-1 in its Project Peregrine programme on the North Slope of Alaska.   Post-well evaluation of the wildcat, drilled in March, has demonstrated the presence of multiple stacked sequences in the Cretaceous-age Nanushuk formation…

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  • Eni delivers first oil from Cuica offshore Angola

    Eni has started production from the deep-water Cuica oil field in block 15/06 offshore Angola, through the Armada Olombendo FPSO.   Discovered in March 2021, the Cuica field is in a water depth of 500 metres (1,640 feet), about three km (two miles) from the…

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  • Heerema’s Sleipnir removes TAQA Brae Bravo platform

    Abu Dhabi National Energy Company (TAQA) has completed the topside removal of the Brae Bravo platform, one of the largest topside removal projects of its kind in the North Sea.   TAQA said on the 13th August that this marked the completion of two successful…

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  • Sturgeon Urges Johnson to Rethink Oil Permits

    Scotland’s First Minister Nicola Sturgeon called on the UK government to reconsider oil and gas licences, just days after a United Nations panel warned of dire consequences for the planet without drastic steps to slash emissions.   Writing to British Prime Minister Boris Johnson, Ms Sturgeon said:…

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  • SilverBow expands Eagle Ford portfolio in all-stock deal

    SilverBow Resources Inc, Houston, has agreed to acquire assets in the Eagle Ford shale in South Texas from an undisclosed seller, expanding the company’s gas portfolio in the Western Eagle Ford and adding oil acreage in three new counties.   The all-stock deal is valued…

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