Exploration & Production

Aramco ramps up capital expenditure to boost production

aramcoresultsAramco has announced that it is ramping up capital expenditure in 2022 to US$40-50bn, compared with US$31.9bn in 2021, to boost production in response to increased global demand

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ADNOC awards framework agreements worth US$658mn

Oil rig AdobeStock 239075964Abu Dhabi National Oil Company (ADNOC) has announced the award of framework agreements valued at US$658mn (AED 2.4bn) for cementing services 

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Saudi plans to price oil sales with Chinese yuan over US dollars

Dollar Yuan 17 MarchSaudi and Chinese officials are in talks to price some of the Gulf nation's oil sales in yuan rather than dollars, according to reports

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Majors exit Russia investments

Russia AdobeStock 205454550Shell has joined bp and Equinor in announcing its exit from its Russia joint ventures, with more companies expected to follow suit following Russia’s invasion of Ukraine 

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New collaboration for well planning and drilling service

Oil rig AdobeStock 239075964GGA and Geologix have announced a collaborative offering, providing a simple, linked service for planning of wells, their drilling and monitoring and their subsequent archiving

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