Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds, according to Rystad Energy analysis
Industry
IEA predicts global coal demand increase
The International Energy Agency (IEA) has released their Coal 2021 report which indicates that economic recovery is driving global coal power generation to a record this year and overall coal demand to a potential all-time high as soon as 2022
Eni and Sonatrach expand their strategic partnership in Algeria
Eni has signed an agreement with Sonatrach to relaunch production in the Berkine basin and accelerate decarbonisation initiatives, a move that is set to strengthen Enis presence in Algeria
Chariot starts drilling operations on Morocco gas development project
AIM-listed Chariot, the Africa-focused transitional energy company, has announced that the Stena Don drilling rig has now arrived on location in the Lixus licence, offshore Morocco, to carry out drilling operations on the Anchois gas development project
Borouge and ADNOC L&S sign integrated logistics agreement
Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, has announced a new long-term agreement with ADNOC Logistics and Services (ADNOC L&S), whereby ADNOC L&S will manage integrated logistics for Borouge to a new main logistical hub at Khalifa Port and KIZAD in Abu Dhabi