Exploration & Production

Eni acquires stakes in two of Abu Dhabi’s offshore producing concessions

Eni ADNOCEni has signed two concession agreements to acquire five per cent stake in the Lower Zakum offshore oil field and 10 per cent stake in the oil, condensate and gas offshore fields of Umm Shaif and Nasr in Abu Dhabi

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Sonatrach strengthens ties with BP, Statoil in Algeria

Algeria GasAlgeria’s state-run oil and gas company Sonatrach has signed a memorandum of understanding with Norway’s Statoil and BP Exploration (El Djazair) Limited, aiming to boost up upstream exploration activities in Algeria

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BP licenses its latest generation PTA technology in Turkey

port arthur 1584098 640BP and Socar Turkey Enerji AS have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology

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Meethaq signs agreement to finance oil and gas project in Oman

Oman BlockMeethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has signed an Islamic project financing facility with Hydrocarbon Finder E&P LLC (HCF) for the development of HCF’s oil and gas fields in Block 7 of Oman

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Japan’s INPEX wins 10 per cent oil stake in Abu Dhabi

ZakumThe Abu Dhabi National Oil Company (ADNOC) has awarded 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession to Japan’s Inpex Corporation (INPEX)

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