Patrick Pouyanné, CEO of Total Energies, briefed Iraqi Prime Minister Mohammed Shia al-Sudani on the specifics of his company's $27 billion energy project deal with Baghdad.
Algeria's Sonatrach is actively working to expand bilateral cooperation with Oman in the energy, mining, and hydrocarbon exploration sectors. Recently, a memorandum of understanding was signed between Sonatrach and Oman Energy Services Abraaj.
ExxonMobil anticipates approval from the U.S. antitrust authority for the acquisition of Pioneer Natural Resources by the end of June. The deal, valued at $60 billion in all-stock, would significantly expand ExxonMobil's presence in the Permian Basin, doubling its footprint.
A consortium of three international companies has secured the development of a large-scale solar power plant in the UAE, boasting a capacity of up to 1.5 gigawatts. This initiative aligns with the Abu Dhabi government's commitment to sourcing 32% of its electricity from renewable sources by 2030.
Iraq plans to set a fixed ceiling on its oil exports until the end of 2024, irrespective of future decisions made by the OPEC+ alliance regarding production cuts.
Drilling and exploration activities in Africa are progressing rapidly, with a significant increase in activity. The Noble Venture, a large exploration vessel owned by Britain's Noble Corporation, is set to embark on two new missions in Africa.