Pars Oil And Gas Co News

 

QatarEnergy Names Shell Partner in North Field South Expansion Project

Oct 24, 2022

QatarEnergy's chief executive on Sunday named Shell a partner in the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project, and QatarEnergy will keep 75%…

Shell Joins Qatar's LNG Expansion Mega-Project

Jul 05, 2022

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips, and Eni…

Exxon Joins Oil Majors in Qatar's Mega-LNG Expansion Project

Jun 21, 2022

QatarEnergy on Tuesday signed a deal with Exxon Mobil Corp for the Gulf state's North Field East expansion, the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Eni and ConocoPhillips.Qatar is partnering…

BASF Looking to Transfer Wintershall's Russian Assets to Co-owner

May 04, 2022

BASF is looking into a deal to transfer the Russian assets and operations of its oil and gas business, Wintershall Dea, to co-investor LetterOne, Bloomberg reported on Wednesday.Offloading Wintershall Dea's Russia-based energy assets could allow…

Wintershall Dea Writes Off $1.1B Nord Stream 2 financing

Mar 02, 2022

German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…

Helmerich & Payne to Invest $100M in ADNOC Drilling IPO

Sep 08, 2021

U.S. contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public offering (IPO) of Abu Dhabi National Oil Company's drilling unit, the companies said in a joint statement.The cornerstone investment by…

Offshore Vessel Hits Platform at South Pars Field, Off Iran

Sep 03, 2021

An offshore vessel has this week allided with an offshore gas platform in Iran's South Pars gas field, according to Pars Oil and Gas Company.The incident happened Wednesday when the vessel hit the SPD12B gas platform in the Persian Gulf.A photo…

Saudi Aramco Looking to Raise $17B from Gas Pipeline Sale

Aug 16, 2021

Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday.Potential…

US Drillers Add Oil and Gas Rigs for Fifth Week in Six

Aug 06, 2021

U.S. energy firms this week added oil and natural gas rigs for the fifth time in six weeks although growth in the rig count over the past few months has slowed as drillers continue to focus on capital discipline despite firmer oil prices.The oil and gas rig count…

Petropars to Develop Farzad B Offshore Gas Field in Iran

May 17, 2021

Iran has signed a $1.78 billion contract with Petropars Group to develop the country's Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal…

Equinor's Gürtner Named Co-Chair of OGUK Board

Feb 05, 2021

Arne Gürtner, Senior Vice President UK & Ireland Offshore at Equinor has been named Co-chair of OGUK board. OGUK is the representative body for the UK oil and gas industry.Announcing Gürtner's appointment, OGUK said he brings with him a wealth of industry experience…

Keppel to Exit Offshore Rig Building Business

Jan 28, 2021

Singapore's Keppel Offshore & Marine, a company famous for its offshore rig construction, is set to undergo a major transformation, look for opportunities as a developer and integrator of offshore energy and infrastructure assets, and exit the offshore rig building business…

Baker Hughes: Oil Industry Downturn to Bottom Out in 2021

Jan 21, 2021

Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry's worst downturn in decades should bottom out this year.Oil and gas producers have been forced to cut their budget, restructure operations and reduce employees…

Vietnam Starts Gas Production from Sao Vang-Dai Nguyet Offshore Field

Nov 17, 2020

Vietnam has started pumping the first gas from the Sao Vang-Dai Nguyet field off the country's southern coast, PetroVietnam Gas Corp said on Tuesday.Gas output from the field, estimated at 1.5 billion cubic metres a year and equivalent to 15% of Vietnam's total gas output in 2019…

Iran's South Pars Field Tops 700 MCM/Day Output

Apr 07, 2020

Daily gas production at Iran's South Pars field reached more than 700 million cubic meters (mcm) per day in the last Iranian calendar year, the head of the Pars Oil and Gas Company (POGC) said on Sunday, according to the official IRNA news agency…

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