Exxon looking to acquire stake in Indian deepwater fields from ONGC
ONGC would either form a joint venture with Exxon to operate the offshore oil and gas fields or sell stake to the energy firm.
Oil
Investment in Egypt’s oil sector declines by 26%
There has been a decline in investments in oil and gas in Egypt, although the...
Patterson-UTI teams up with Corva to boost digital oilfield transformation
The collaboration will help oil and gas producers in implementing digital tools to drill and...
Altus Midstream to merge with Blackstone-backed BCP Raptor
The deal is expected to create pure-play Permian integrated midstream company with $9bn enterprise value.
Turkey considers restructuring of state energy giants
Turkey is reportedly looking to restructure some of its major state-owned energy companies prior to...
Exxon board considers exiting major oil and gas projects
The assets being weighed for divestment include the $30bn Mozambique LNG project and Vietnam gas project.
Petroperu to restart oil production in Peru for first time since 1990s
The state-owned oil company intends to start oil production at the Lot I field in Piura region by 27 December 2021.
Guyana looking to build 220km subsea gas pipeline
The new pipeline will have the capacity to transport about 50MMSCFD from ExxonMobil-operated Liza Phase 1 and 2 projects.
Lukoil and Gazprom Neft to develop oil recovery enhancement technologies
The parties intend to develop equipment to manufacture solutions that support enhanced oil recovery.
Subsea 7 and Schlumberger secure Turkish offshore field project contract
The firms will be responsible for EPCI of end-to-end production solutions at the Sakarya gas field.
Eni to terminate oil exploration plan in South Africa amid tech challenges
The move comes in the wake of delays in passing draft oil exploration and production law by the country.
