German utility RWE has agreed to acquire additional indirect stakes in transmission system operator Amprion for $4.1 billion (€3.6 billion), raising its total holding in the company to 55% and expanding into regulated grid infrastructure.RWE has agreed with five shareholders of M31…
Italian energy services company Saipem has signed a binding agreement to sell its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company for $285 million, as it seeks to focus on deepwater and harsh-environment offshore drilling…
Brazil's state-controlled oil company Petrobras and Mexico's state oil producer Pemex have signed a memorandum of understanding (MoU) to establish strategic and technical cooperation on projects in the hydrocarbons sector, including exploration and production and industrial processes…
The owner of the Gazprom-controlled Nord Stream 2 gas pipeline is suing the European Union in the bloc's second-highest court, seeking to annul the EU's binding phase-out of gas imports from Russia, a public document showed.The EU approved a…
The general superintendence of Brazil's antitrust watchdog CADE approved the proposed merger between energy contractors Subsea7 and Saipem without restrictions, a document seen by Reuters showed on Tuesday.The merger between two of the leading…
Malaysia's state-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a company executive said the block's eight discoveries…
Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region.In coordination with the International Maritime Organization…
French oil major TotalEnergies needs to prioritise the building of pipelines that could export oil and gas from the Middle East without ships going through the Strait of Hormuz, CEO Patrick Pouyanne said at an energy conference in Paris on Tuesday…
Italian energy services company Saipem has launched operations for the GranMorgu offshore project in Suriname with the arrival of the multi-purpose construction vessel Normand Navigator at the Jules Sedney Harbour commercial port in Paramaribo…
U.S. firm Murphy Oil Corporation has discovered oil at its Bubale-1X exploration well offshore Côte d'Ivoire in West Africa.The Bubale-1X well, located in Block CI-709 around 40 miles (64 km) offshore Côte d'Ivoire, encountered 100 feet (30 meters) of net oil pay across two reservoirs…
Logistics and materials management company ASCO has opened its first office in the Middle East, establishing a presence in Qatar as it looks to expand its regional operations and support growing demand for logistics and environmental services…
Energy and marine consultancy ABL has opened a new office in Salvador, Brazil, expanding its presence in the country and strengthening its asset integrity management offering for the oil and gas, maritime and industrial sectors.The new office…
Trendsetter Vulcan Offshore (TVO) has deployed its proprietary Hercules tethered blowout preventer (TBOP) system to bring a shut-in well in the Gulf of America back into production, enabling a deepwater drilling rig to carry out a shallow-water workover operation…
Italian energy services company Saipem has been awarded a $1 billion offshore contract by Azule Energy for transportation and installation work on the Greater PAJ development offshore Angola, one of the largest ultra-deepwater projects currently being developed in sub-Saharan Africa…
Oilfield services company TechnipFMC has secured a significant contract from Azule Energy to supply flexible flowlines and risers for the Greater PAJ development offshore Angola, further strengthening its position in one of the world's most active deepwater regions…
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