QatarEnergy agreed with Shell to acquire a 27% participating interest in a block offshore Egypt from the oil and gas major, it said in a statement on Sunday.QatarEnergy has in recent years acquired stakes in oil and gas basins including in Guyana…
BP will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major's country head said on Thursday.The British company, which currently holds 100% of the block…
Heerema Marine Contractors has secured a decommissioning contract by BP for the Engineering, Preparation and Removal (EPR) of the Andrew platform’s topside and jacket.The scope includes the removal, transport and offloading of the topside, comprising the Flare and Kinnoull Module…
Oil and gas firm Rhino Resources has made a gas condensate discovery off the coast of Namibia in a well spudded by Deepsea Mira semi-submersible drilling rig.The discovery was made as part of a drilling campaign in Block 2914A, in the Orange Basin…
Eni and the Ivorian Ministry of Mines, Petroleum and Energy have signed the exploration contract for the CI-707 offshore block in Ivory Coast.The license covers an area of approximately 2,926 square kilometers in the Ivorian sedimentary basin…
BW Energy has started a process to potentially acquire Azule Energy’s non-operated interests in Block 14/14K, offshore Angola.According to BW Energy, the move is part of its continuous consideration of opportunities to acquire assets in line with its stated strategy…
Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field…
TechnipFMC has been awarded a substantial ($250-500 million) contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.TechnipFMC will provide project management, engineering…
U.S. energy producer Chevron is expected to begin drilling at Suriname's shallow-water Block 5 next month, the country's oil minister, Patrick Brunings, said.'They will be drilling the Kori Kori well,' he said in a TV interview this week. 'If this well does indeed contain oil or gas…
The U.S. Department of Energy intends to cancel more than $13 billion in funds that the Biden administration had pledged to subsidize wind, solar, batteries and electric vehicles, it said on Wednesday.It was not immediately clear which funds were being targeted…
Russia is expected to start natural gas production at the new Sakhalin-3 project in the Pacific Ocean in 2028 to supply gas to China and for domestic needs, Russian news agencies said on Thursday, citing the local governor.The governor, Valery Limarenko…
Italian energy giant Eni has completed the sale of 30% stake in the Baleine project, located off the Ivory Coast, to energy and commodity trading company Vitol.The Baleine project is the West African country’s main offshore development and is now owned by Eni (47…