13 October 2023
13 October 2023
While the IEA says the Israel-Palestine war has no direct impact on oil flows, voluntary cuts will keep the oil market in deficit this year.
The state-owned company considers the region to be the ‘most promising’ new oil and gas exploration frontier.
Executives at bp and ADNOC expect the deal to get delayed until the situation stabilises.
Over the next four years, the company plans to drill 16 exploration wells.
The announcement from Nato follows widespread speculation over the likelihood of Russian sabotage.
The US oil and gas major is planning to invest nearly $13bn to develop Whiptail, which is its sixth oil project in Guyana.
OQ offered about 2.1 billion shares in the IPO, representing a 49% stake in OQGN.
Aramco has agreed to supply crude oil and other feedstock to Shandong Yulong.
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