aramco’s Post

On the sidelines of ADIPEC Exhibition and Conference 2023, the Minister of Petroleum and Mineral Resources Tarek El Molla met with the interim CEO of bp Murray Auchincloss, who affirmed that the company’s investments and plans in Egypt will continue, noting that the company is aiming to expansion. #ADIPEC #bp #Investements #Expansion #Egypt #Plans #Commitment

LUKOIL has secured licenses for the #Khazri and #Maganov fields, significant subsoil areas located on the Caspian Sea shelf, valid until December 31, 2043. Rosnedra recently approved substantial reserves for the Maganov field, including 8.4 million tonnes of oil, 136 bcm of gas, and 24.4 million tonnes of condensate. The nearby Khazri field boasts estimated reserves of 48 bcm of gas and 8.2 million tonnes of condensate. Lukoil presently operates #Korchagin and #Filanovsky fields in the Caspian, producing 7.3 million tonnes of oil in 2021. Future developments include the Grayfer and Kuvykin fields, enhancing Lukoil's strategic presence. Read more: https://lnkd.in/edb7xTXM #LukoilEnergyMoves #CaspianOilExploration #KhazriMaganovFields #OilandGasInvestments #EnergyFutures #CaspianSeaReserves #HydrocarbonExploration #SustainableEnergyFuture #LukoilOperations #FieldDevelopment2023 #KIOGE #KIOGEConference

Trading statement out today. As CEO Mathios Rigas states: “2023 was the year we became the major independent #gas producer in the Mediterranean… we produced at a maximum rate of 150k boed from our 1 billion+ boe pan-Mediterranean portfolio, with full year production in line with our latest guidance” In 2023, average production was 123k boepd, a 198% increase on 2022. Significant increases in sales and other revenues ($ 1.4bn / 93%) and adjusted EBITDAX ($925m / 119%) show operational and financial success and underpin our stated dividend policy. 2023 was a landmark year for Energean, 2024 outlook is extremely positive. Anticipating further operational growth, we estimate production within the range of 155 – 175k boed. Our commitment to portfolio development remains strong, with major projects in Israel (Katlan), Italy (Cassiopea & post PITESAI review new licenses in the Upper Adriatic and Sicilian Channel), Egypt (Orion exploration well & extending the economic life of our concessions) and Greece (progression Prinos CO2 Storage, the only project of its type in SE Europe and the E Med). For more information: https://lnkd.in/gJZNRAYE #energy #energysecurity Paddy Blewer Eliana Fishler Sotiris Chiotakis Antonino Caliri Caroline Hegazi, MBA

Kemira published its strong Q1 report last Friday. We have had several investor encounters this week in Paris, Helsinki and over Teams. Main discussion topics have been the strong Q1 performance, Kemira’s improved margin structure, reduced portfolio volatility after the Oil & Gas divestment and, most importantly, the strategic priorities under our new President & CEO Antti Salminen. Picture below from sunny Paris this Monday ☀️ #kemira #kemirair #chemistrywithapurpose

🗞️DON'T FORGET! Grab a copy of PTQ magazine at #metech in Dubai hosted by Euro Petroleum Consultants this week. It's full of the latest in-depth and insightful articles by experts in the global #refining, #gas and #petrochemical processing industries. #networking #conference #event #oilandgas

🎙 ARIR Member Insights - find out more about the plans of S.N.G.N. Romgaz S.A.! 📈 ARIR launches a new series of interviews with member companies from the Romanian capital market community, aiming to showcase the most important projects of listed companies. 🤝 The series debuts with an interview featuring Răzvan Popescu, CEO of ROMGAZ, discussing the company's evolution in recent years and its plans in the capital market to finance Neptun Deep, the largest natural gas project in the Romanian area of the Black Sea and the largest development project in the ROMGAZ group's portfolio. #ARIR5 #InvestedInSuccess

Foday Mansaray, Director General of the Petroleum Directorate Sierra Leone - PDSL, will promote the country’s upstream opportunities and available blocks at the upcoming Invest in African Energy (IAE) forum in Paris on 14-15 May. Secure your spot at #IAE2024 ⤵️ https://hubs.la/Q02lktX20 Though considered a frontier exploration market, Sierra Leone features a working petroleum system with four significant discoveries made by Anadarko (Venus-B1, Mercury-1 and Jupiter-1) and Lukoil (Savannah-1X). Given that only eight wells have been drilled in-country, these discoveries highlight the prospectivity of Sierra Leone’s offshore acreage, supported by extensive 2D and 3D multi-client data, competitive and transparent fiscal terms, and cooperation agreements in place with other African markets. Read more ⤵️ https://hubs.la/Q02lkk7D0 #ECPEvents #Paris #energy #investinAfrica #RoadtoAEW

Heart of the Compressors 💚🤍🖤❤️💚🤍🖤❤️💚🤍🖤❤️ 🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪 KBDME Compressor Valves & Accessories FZCO. Dubai 🇦🇪Ajman🇦🇪 🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪🇦🇪 💚🤍🖤❤️💚🤍🖤❤️💚🤍🖤❤️ Compressor valves are often referred to as the heart of the compressor, crucial for regulating the flow of gases and ensuring efficient operation. The quality of these valves directly impacts the performance, reliability, and longevity of the compressor. High-quality valves ensure precise control over intake and discharge cycles, minimizing energy consumption and reducing the risk of leaks and pressure drops. Conversely, inferior valves can lead to inefficiencies, increased operational costs, and frequent maintenance issues. Therefore, maintenance at regular intervals with high-quality internals is essential for maintaining optimal performance and ensuring the longevity of the entire compressor system. www.KBDME.com 💚🤍🖤❤️💚🤍🖤❤️💚🤍🖤❤️

#ASXNews Tamboran Resources Corporation is pleased to present its Third Quarter Activities Report for the period ended 31 March 2024. #TBN Managing Director and CEO, Joel Riddle said: “We view the third quarter of FY24 as a major de-risking point for the Beetaloo Basin and the 1-million-acre development within the Beetaloo West region. Results from the successfully drilled SS-1H well in EP 117 have demonstrated the deliverability of the highly productive Mid Velkerri B Shale within the deepest regions of the basin, which are expected to achieve superior economics than the shallower regions of the basin. Tamboran and the Northern Territory Government announced a key binding long-term, take-or pay GSA that will supply the Northern Territory local market for up to 15 and a half years from the Beetaloo Basin.” See the full report: https://loom.ly/W7fQat0 #TamboranResources #Gas #ASX

Harouge Oil Operations has successfully increased production at the Farigh field to 1,600 barrels per day (bpd). 📈 This achievement is part of NOC's ongoing strategy to enhance production rates across its operations. 🌍 National Oil Corporation highlighted the efforts of the Petroleum Engineering Department at Harouge Oil Operations. 🛢️ The department successfully raised production from the AA-10 well in the Farigh field, located in the Amal concession, from an initial 250 bpd to 1,600 bpd. This significant increase is expected to rise further upon the completion of all necessary work on the well. To learn more about this, click the link in the comments below! ⬇️ #OilAndGas #EnergySector #NOC #HarougeOilOperations #ProductionIncrease #PetroleumEngineering #Libya #EnergyNews