Under the deal, $500 million will be paid in cash, and the rest will be paid over the next 13 years
exploration and production
Latest in exploration and production
cash from operations
Why 2022 will see public exploration and production companies reporting record profits of $834 billion
The good times are set to get even better this year for public upstream operators, thanks to a perfect storm of factors pushing profits and cash flow to another record high in 2022, a Rystad Energy expert said
AB In Focus
AB Talks: How the future of the oil and gas industry depends on collaboration and innovation
Montri Rawanchaikul, CEO of Thailand’s PTT Exploration and Production Public Company Limited or PTTEP, joins AB Talks to discuss how partnerships are crucial for the energy industry to address energy transition challenges, and what technological advancements they will showcase at Expo 2020 Dubai during 30 Jan – 17 Feb 22 at Thailand Pavilion.
Energy Development Oman
Oman starts new energy company as it seeks to leverage oil block
New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt
exploration and production
India set to ease licensing requirements for fuel marketing
Companies like Saudi Aramco are required to invest a minimum of $282m
ADNOC
Abu Dhabi said to weigh multi-billion dollar gas pipeline deal
Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help raise $5bn or more
ENI
Italy’s Eni signs exploration, production deal in Ras Al Khaimah
Eni says it will act as operator with a 90% interest with Ras Al Khaimah’s National Oil Company as a partner with a 10% stake