Tag: preparing
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BP is preparing to develop the third phase of the huge Clair field in the North Sea
British oil company BP is preparing to enter the third phase of development of the massive Clair oil field in the North Sea, with the tightening of carbon capture requirements for the project. The British company is looking forward to making a decision to develop the third phase of the project, which bears the name…
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Mexican Pemex is preparing to get out of the debt crisis in 2023
The debts of the Mexican oil company “Pemex” constitute a heavy burden after the Ministry of Finance stopped paying them, since the second half of (2022), but this year may witness a breakthrough, in light of its benefit from the gains in oil prices. The company is studying the available options for how to pay,…
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French refineries are preparing for the eighth strike round on March 20
French refiners are preparing to take part in the eighth round of strike against the regulation to raise the retirement age, which has been criticized by all trade and professional unions in France. And 4 oil refineries out of 6 working in France announced their readiness to stop working on the day of the eighth…
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Libya is preparing to launch a new licensing round for oil and gas after a 16-year hiatus
Libya is preparing to launch a new licensing round for oil and gas in 2024, after a hiatus of more than 16 years due to the political and security upheavals that the country has suffered from. The head of the National Oil Corporation, Farhat bin Qadrara, revealed during his participation this week in the “Sira…
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Chinese refineries are preparing to increase their imports of Russian oil
Chinese refineries continue to receive flows of Russian oil, and Beijing is seeking to increase the pace of those flows in the coming times, through unannounced official moves with representatives of those refineries. The increase in China’s imports of Russian oil reflects Moscow’s success in providing markets that can absorb its crude, instead of Europe,…
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Indonesia’s oil and gas sector is preparing to put up 10 offshore blocks, some of which may excite China
The oil and gas sector in Indonesia is preparing for a recovery in the coming years, amid government plans to launch new offshore blocks, but some of them may raise the sensitivity of China, with which it disputes over the South China Sea. The Indonesian Ministry of Energy is considering offering 10 offshore blocks for…
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Kazakh oil is preparing to increase supplies through the Caspian Sea pipelines in 2023
In the second year after the outbreak of the Russian-Ukrainian war, the Caspian Sea Pipelines Consortium (CPC) announced its willingness to increase supplies of Kazakhstani oil in 2023, which may contribute to alleviating global demand concerns. The Director General of the Caspian Sea Pipelines Union, Nikolai Gorban, said that the expected increase in supplies during…
