Twenty-nine firms awarded stakes in Norway’s APA 2016 licensing round

Twenty-nine companies have been awarded 56 new production licenses on the Norwegian continental shelf as part of Norway’s Awards in Predefined Areas (APA) 2016 licensing round. Thirty-three companies were eligible to apply for 148,014 sq km. Source: News

Takreer’s Ruwais refinery nearing restart, ADNOC says

Abu Dhabi Oil Refinery Co. (Takreer), the refining arm of state-owned Abu Dhabi National Oil Co. (ADNOC), is preparing to restart about half of its more than 800,000-b/d Ruwais refining complex in the UAE following an early January fire that forced a partial shutdown of operations at the site. Source: News

Iran lets contract for Esfahan refinery project

Esfahan Oil Refining Co. (EORC), a subsidiary of Iran’s state-owned National Iranian Oil Refining & Distribution Co. (NIORDC), has issued a letter of agreement (LOA) to Daelim Industrial Co. Ltd. of South Korea for execution of a modernization and improvement project at EORC’s 375,000-b/d refinery in Esfahan City, Esfahan province, about 400 km south of […]

CNOOC starts oil production from Enping 23-1 fields

CNOOC Ltd. reported that oil production has started from the Enping 23-1 group of oil fields, which lie in about 90 m of water in the South China Sea’s Pearl River Mouth basin. Source: News