Iran’s NIORDC signs MoU with Bank Mellat for oil pipeline project
The 948km-long pipeline will transport petroleum products from Rafsanjan in the Kerman province, to Mashhad in Khorasan, Razavi.
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China to release oil reserves to curb rising prices
The nation joins the likes of Japan, South Korea, and India as it pitches in to the US plan to…
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Equinor downgrades resource estimate for UK North Sea oilfield
Equinor will face a $1.8bn impairment in its Q4 2021 results due to the downgrade.
Polish refiner PKN Orlen signs contracts with Saudi Aramco and MOL
Saudi Aramco will buy a 30% stake in the Lotos oil refinery and MOL will acquire 417 fuel stations in…
Desert Peak Minerals to merge with Falcon Minerals in $1.9bn deal
The combined firm will hold more than 139,000 net royalty acres in the Permian basin.
Heerema secures decommissioning contract for DNO’s North Sea platforms
Heerema will undertake the integrated engineering, preparation, removal, and disposal of the two platforms.
US oil industry anticipated to boom, despite Biden’s climate push
Government body predictions show the industry is set for a record year after pandemic lows, challenging climate ambitions.
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ExxonMobil to divest shale gas assets in the US
The divestment is expected to raise approximately $200m for the oil firm.