Exxon and Hess to quit Guyana oil exploration block
US energy companies ExxonMobil and Hess have decided to exit the Kaieteur oil exploration block, offshore Guyana, reported Reuters. The decision…
29 Sep 2023
Heyco Energy buys UK company Egdon Resources
Upstream energy company Heyco Energy Group, through its subsidiary Petrichor Partners, has closed the acquisition of Egdon Resources, a UK-based exploration and production company. The deal, which was announced in…
29 Sep 2023
AkademikerPension sells stake in Italy’s Eni
Danish pension fund AkademikerPension has closed the sale of its stake in Italian oil and gas major Eni. With the sale, AkademikerPension has divested a total of DKr3.7bn ($520m) worth…
29 Sep 2023
NG Energy announces commercial gas production plan for Colombian block
NG Energy International (NGE) has announced finalisation of the plan for Phase I commercial production from the Sinu-9 oil and gas block onshore Colombia. The Canadian oil and gas company,…
29 Sep 2023
Aramco agrees to acquire minority stake in MidOcean Energy for $500m
Aramco has signed a definitive agreement to purchase a minority stake in liquefied natural gas (LNG) company MidOcean Energy in a deal valued at $500m (SR1.8bn). The Middle East oil and gas…
28 Sep 2023
TotalEnergies sells 40% stake in Block 20 offshore Angola for $400m
French energy company TotalEnergies has closed the sale of a 40% stake in Block 20 in the Kwanza Basin in Angola to Petronas Angola E&P LTD (PAEPL), a unit of…
28 Sep 2023
Aramco in talks to invest in China’s Shenghong Petrochemical
Saudi Aramco and Jiangsu Eastern Shenghong (Eastern Shenghong) have signed a cooperation framework agreement to hold talks on Aramco’s investment in Eastern Shenghong’s petrochemical subsidiary. The Middle East energy and chemicals giant…