French energy major TotalEnergies has has signed an agreement with Austria’s OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream for $903 million.The transaction includeds the transfer of a $350 million loan granted by OMV to SapuraOMV, subject to customary closing adjustments.SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310…
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co (ADNOC) is exploring an acquisition of the German group's energy business, Wintershall Dea. BASF stock was up 1.2% at 0855 GMT, with traders pointing…
Abu Dhabi state fund Mubadala Investment and Japanese oil and gas explorer Inpex are among firms competing to acquire SapuraOMV in a deal expected to be worth about $1.2 billion, according to two sources with direct knowledge.The sale of the…
Norwegian energy group Equinor has signed a five-year agreement to supply gas to Austria's OMV as part of the latter's supply diversification strategy, the companies said on Wednesday.Equinor will deliver 12 terawatt hours (TWh) of natural gas starting on Oct…
The Petroleum Safety Authority (PSA) said Friday it had granted Aker BP and OMV consents for drilling projects in the North Sea and the Norwegian Sea, respectively.Aker BP has received consent to conduct exploration drilling in block 25/2 of the North Sea in Production license 442…
Romania's gas pipeline operator will build a new pipeline worth an estimated 500 million euros ($529.30 million) meant to bring offshore Black Sea gas to the national grid once the two gas producers make a final investment decision, Prime Minister Nicolae Ciuca said on Thursday…
Western media reports on the blowing-up of the Nord Stream gas pipelines are a coordinated bid to divert attention, and Russia is perplexed that U.S. officials can assume anything about the attacks without an investigation, the Kremlin said on Wednesday…
Potential extractions from a long-awaited deepwater gas field in the Black Sea could mean countries in the region can finally cut their dependency on Russian energy, Romania's foreign minister said on Friday.Romanian oil and gas group OMV Petrom said on Feb…
Romanian oil and gas group OMV Petrom is 'closer than ever' to starting construction of its Neptun Deep gas project, its chief executive said on Thursday of the Black Sea resources she says are key to the country's energy security. The company…
Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from Abu Dhabi state fund Mubadala Investment Company, the two companies said on Wednesday. Upon closing of the transaction,…
Norway's Aker ASA said on Wednesday it was no longer part of a consortium that had made an unsolicited offer in July to buy most of Austrian oil and gas firm OMV's exploration and production business. Austrian newspaper Kurier on Tuesday reported that Aker…
A rig contract for drilling the OMV-operated Velocette exploration well in the Norwegian Sea has been signed, according to partner in the project North Sea oil and gas company Longboat Energy.The company says that Velocette (PL 1016) will be drilled using the semi-submersible Transocean Norge…
Austria's OMV and German operator Wintershall Dea have jointly contracted Transocean's Transocean Norge semisubmersible drilling rig for drilling 17 wells in Norway. The two firms also said they had entered into an exclusive partnership with…
Europe could solve its energy crisis by scrapping sanctions against Russia and launching the mothballed Nord Stream 2 gas pipeline, the speaker of Russia's lower house of parliament said on Friday. Germany halted the Nord Stream 2 Baltic Sea gas pipeline project on Feb…
Russia's Gazprom has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday.European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia's invasion of Ukraine…
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