ADNOC, CNPC sign development deals for offshore concessions

Following closely a similar deal signed earlier this week with Total SA, Abu Dhabi National Oil Co. has signed agreements with China National Petroleum Corp. in which the Chinese company will be awarded stakes in two of Abu Dhabi’s new offshore concessions. Source: News


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Mubadala developing gas field off Malaysia

Mubadala Petroleum, Abu Dhabi, expects production to begin by the first quarter of 2021 from Pegaga natural gas field offshore Malaysia. The company and its partners will develop the field with an integrated central processing platform on an 8-legged jacket designed for 550 MMscfd of gas plus condensate.   Source: News


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Wide WTI-WCS spread cuts oil sands output

Cenovus Energy Inc. is limiting production from its oil sands projects in Alberta, citing the suppression of bitumen values by transportation bottlenecks.  Source: News


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