Chinese oilfield services company Jereh has signed a development and production contract with state-run Midland Oil Company of Iraq to jointly develop the Mansuriya gasfield, Jereh announced on Thursday.
Trafigura is facing a loss of up to $1.1 billion in Mongolia, linked in part to suspected fraud by its own employees. According to Bloomberg, the company’s staff manipulated payments while concealing a mountain of overdue debts, a malpractice that continued for years without raising any red flags.
Being the first LNG project in the country, Coral Sul FLNG has helped Mozambique enter the global LNG market and monetise Africa’s largest gasfield.
Oilfield services company Enersol, a joint venture between ADNOC Drilling and UAE-listed investment company Alpha Dhabi Holding, has agreed to acquire a 95% equity stake in US drilling specialist Deep Well Services (DWS) for approximately USD 223 million, ADNOC Drilling announced on Monday.
Frustration has mounted over setbacks to hydrogen projects in Europe with recent news of projects put on hold
Woodside Energy has transferred a 15.1% interest in the Scarborough joint venture (JV) offshore/onshore Western Australia to Japanese power utility JERA for $1.4 billion.
Pleuger Industries, a developer of submersible motor pump technologies, says that it is working to help advance a subsea energy storage system.
BW Energy has signed production sharing contracts (PSCs) for two exploration blocks offshore Gabon: Niosi Marin and Guduma Marin (ex-G12-13 and H12-13).
Shearwater Geoservices will deploy the SW Tasman vessel for a newly awarded deepwater ocean-bottom node (OBN) survey offshore West Africa.
Dangote Refinery in the Federal Republic of Nigeria, has denied receiving any payments for the purchase of refined petroleum products from the Independent Petroleum Marketers Association of Nigeria (IPMAN)