Saudi Aramco Q2 profits surge to $48.4bn due to higher crude prices
The energy giant’s revenue soared to $149.6bn while capital expenditure totalled $9.4bn.
Fossil Fuels
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Fossil Fuels
Saipem wins three EPC contracts worth nearly $900m in Angola
The contracts, which include one onshore and two offshore ones, have been awarded by the New Gas Consortium.
Shell to offload stake in Cambo oil prospect in UK North Sea
The Cambo field is expected to produce up to 170 million barrels of oil equivalent during its operational life of…
Australia’s Senex Energy to invest over A$1bn to boost natural gas output
The investment is expected to boost the company’s annual output to 60PJ per year by 2025.
Kistos and Serica Energy call off merger talks
Kistos now plans to "pursue other paths" to become an independent gas champion in the North Sea.
Devon Energy to acquire Validus Energy in $1.8bn deal
The deal involves 42,000 acres in the Eagle Ford where Validus produces on average of 35,000boepd.
Ukraine halts oil flows via Russia pipeline to Europe over payment issue
The suspension of oil flow has impacted Hungary, Slovakia, and the Czech Republic.
Regulators reject ExxonMobil-Seplat deal despite presidential approval
ExxonMobil earlier agreed to sell Mobil Producing Nigeria Unlimited, which owns stakes in four oil mining licences, to Seplat.