Petrofac-led group receives $300m contract from Algeria’s Sonatrach
The firm also partnered with Sonatrach’s Algerian Petroleum Institute to modernise training schools.
Middle East & Africa
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Middle East & Africa
Capricorn scraps deal with Tullow Oil to merge with Israel’s NewMed
NewMed and Capricorn shareholders will own 90% and 10% stakes, respectively, in the merged group.
Iran offers 30% stake in Farzad-B field to Indian firms
The field, which straddles the Iran-Saudi Arabia maritime border, is estimated to hold 23 trillion cubic feet of gas reserves.
McDermott secures subsea contract from TotalEnergies in Angola
McDermott will offer EPSCI services for subsea umbilicals, and water injection and production flowlines for the Begonia field.
Oman signs exploration deal with Shell for Block 11
The EPSA deal is for the exploration, evaluation, and development of natural gas resources and condensate in Block 11.
Eni in talks with ADNOC to accelerate gas supply projects
The two firms intend to accelerate the Ghasha gas project, which comprises the Hail, Ghasha, and Dalma fields offshore the…
Eni to buy Algerian upstream business of BP
The sale includes BP’s 45.89% stake in the ‘In Amenas’ concession and a 33.15% interest in the ‘In Salah’ concession.
South African court prohibits offshore exploration by Shell
The ruling stated that the coastal communities were not properly consulted prior to the issuance of the permit for exploration.