The China National Petroleum Corporation (CNPC), the world’s third-largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with Abu Dhabi National Oil Company (ADNOC)
Exploration & Production
John Wood Group shares fall on FY core earnings dip
John Wood Group Plc reported a fall in full-year core earnings due to challenging conditions in its core oil and gas markets and said it expects only a modest growth in core earnings for the full year
Lamprell, GustoMSC to develop jackup rig design
Rig-maker Lamprell Plc said it would develop a jackup rig design with Dutch engineering company GustoMSC
France's Total takes stake in Abu Dhabi offshore gas concessions for US$1.45bn
The Abu Dhabi National Oil Company (ADNOC) has awarded Frances Total a stake in two offshore concessions to boost gas production, aimed at meeting domestic energy demands and cutting gas imports
Eni's Egypt JV reaches 500 mmbbl cumulative production
Italian oil major Eni has said that AGIBA, its joint venture with Egyptian General Petroleum Corporation, on Thursday reached 500 mmbbl of cumulative production