Saudi Aramco signs 50 new deals
The state-owned oil major has been seeking to drive domestic energy projects and boost economic growth following the pandemic.
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Hibiscus Petroleum acquires Repsol’s upstream assets for $212m
The company expects the acquisition will increase its average daily oil and gas production capacity almost threefold.
TechnipFMC secures subsea contract for Petrobras’ Búzios 6 field
TechnipFMC will provide pipeline end terminals, umbilicals, and rigid jumpers for the Búzios 6 field.
Vår Energi oil and gas joint venture set for public listing
The decision, from ownership partners Eni and HitecVision, has been under discussion for months and comes in a prime investor…
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SDX spuds development well at Egypt’s West Gharib concession
The MSD-25 well is expected to have a gross production capacity of 300 barrels per day.
Peru threatens Repsol with sanctions over oil spill
The nation declared an environmental emergency over the weekend, following the spill reportedly triggered by waves from an eruption in…
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ONGC Videsh enters development stage for Brazilian offshore gas project
The firm submitted the declaration of commerciality for the BM-SEAL-4 block, where gas was discovered in 2019.
Egypt signs two new deals for oil exploration and production
The deals allow Transglobe Energy and Pharos Energy to explore and produce petroleum, with a total investment of at least…