Adnoc raises drilling unit IPO size to $1.1bn amid strong demand
The firm has increased the number of ordinary shares offered from 1.2 billion to 1.76 billion at a share offer price of $0.6262.
Fossil
Subsea 7 bags contract for Ormen Lange project offshore Norway
Subsea 7 will install subsea flowline system and OneSubsea’s multiphase compression system for the Ormen...
Germany leads underground working gas storage capacity in Europe
Germany has the leading active working gas capacity in Europe, as of September 2021, at...
Ineos to invest $1.4bn in UK refinery to meet net-zero goal
The company’s 2030 road map for the refinery shows plans to capture and store at...
Russia dominates upcoming oil and gas production projects starts in FSU by 2025
39 gas production projects are expected to start operations in four countries in the Former...
Shell to sell Permian Basin assets in US to ConocoPhillips for $9.5bn
The assets involved in the deal include 225,000 net acres, as well as crude, gas, and water pipelines, and infrastructure.
BP begins gas production from Matapal project offshore Trinidad
The Matapal project, which will have a production capacity of 400MMscfd, is a subsea development comprised of three wells.
Aker BP secures drilling permit for two wells offshore Norway
The two wells, which are planned to be drilled using Mærsk Integrator rig, are located in production licence 906.
Navigator Gas wins DNV’s approval for ammonia-powered gas carrier
The awarding of the approval was announced as part of London International Shipping Week 2021.
US to expand offshore drilling after reviewing IPCC climate change report
The Biden Administration believes the IPCC climate change report ”does not present sufficient cause” to halt its plan to expand offshore drilling.
Pioneer Natural Resources to sell Delaware basin assets in US for $2bn
Laredo Petroleum will purchase 20,000 net acres in western Glasscock County for approximately $230m from Pioneer.
