Ithaca Energy to acquire Eni’s upstream assets in UK for £754m
Ithaca Energy has reached an agreement to acquire Eni's UK upstream oil and gas assets in a deal valued at …
Baker Hughes to supply equipment for Aramco’s MGS expansion project
Baker Hughes has secured a contract to provide key equipment for the third phase of Aramco’s MGS project in Saudi …
Weekly data: majority of insurers lack robust net-zero targets
A new report from the shareholder advocacy group ShareAction underscores the failure of the insurance industry to take climate change …
TotalEnergies and Shell enter talks for stakes in Adnoc LNG plant
Several energy majors including Shell and TotalEnergies have entered discussions to purchase stakes in Adnoc’s new LNG project in the …
Galp mulling stake sale in Namibian oilfield following significant discovery
Portuguese oil and gas company Galp Energia has initiated the sale of stake in its exploration block off the coast …
TotalEnergies to acquire remaining 50% stake in Malaysia’s SapuraOMV
TotalEnergies has signed an agreement to acquire the remaining 50% interest in Malaysian gas producer SapuraOMV from Sapura Upstream Assets …
Aramco in negotiations to buy minority stake in China’s Hengli Petrochemical
Saudi Arabian oil giant Aramco has confirmed it is in talks to acquire a minority equity stake in Hengli Petrochemical …
Q1 2024 update: internet of things related patent activity in the oil & gas industry
The global oil & gas industry experienced a 30% decline in the number of internet of things-related patent applications in …
Aker BP begins production from Hanz field offshore Norway
Aker BP and its partners Equinor and Sval Energy have commenced production from the Hanz field in the Norwegian North …
Oman LNG inks LNG supply deal with TotalEnergies
Oman LNG has signed a sale and purchase agreement (SPA) with its shareholder TotalEnergies to supply 800,000 tonnes per annum …
India’s HPCL plans to establish international oil trading desk
HPCL is planning to establish an international oil trading desk, reported the Economic Times, citing a company official. The move is …
Shell and partners to start phase 11 development of Egypt’s WDDM concession
Shell Egypt, along with its partners, has reached an agreement to commence the 11th development phase at the West Delta …
Galp estimates over ten billion barrels of oil in Namibia’s Mopane field
Galp has announced that the Mopane field off the coast of Namibia is estimated to hold more than ten billion …
EU should gradually reduce Russian LNG imports, ACER says
To end its reliance on Russian fossil fuels by 2027, ACER suggests that Europe should reduce Russian LNG imports “in …
Canacol Energy makes gas discovery in Colombian basin
Canacol Energy has made a discovery in the Chontaduro 1 well, its second gas discovery in recent weeks in Colombia’s …