The anticipated development of the Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February. Senior representatives from London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) will lead the Launching Ceremony to mark this major milestone.
MODEC, INC. (the “Company”) announces that it has received a notice of compliance with the continued listing criteria (distribution standard) from the Tokyo Stock Exchange (“TSE”) and confirms that, as of December 31, 2024, it has satisfied the compliance requirements for the continued listing on the TSE’s Prime Market.
Yinson Holdings Berhad has announced that Eirik Arne Wold Barclay the Chief Executive Officer of Yinson GreenTech will leave effective February 1 and will continue in a an advisory director role.
The August announcement stated that Vitol had agreed to acquire Noble Resources Trading Limited for an purchase price equivalent to $0.63 per share on a debt free / cash free basis subject to customary conditions precedent.
Eni SpA (E – Free Report) , the Italian energy giant, is accelerating its asset divestment strategy. UBS analysts predict €3 billion in additional sales by the end of 2025. This milestone will bring Eni’s total asset sales to €8 billion, fulfilling its strategic goal two years ahead of schedule. The company has already completed disposals worth €5.9 billion
Kosmos Energy (NYSE/LSE: KOS) notes the announcement today from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal.
While transitioning to a fully renewable economy is essential for addressing climate change, Canadians can’t overlook the critical role oil and gas play in supporting renewable technologies.
Libya resumed loading oil from two key eastern ports — which account for a third of its exports — after they were halted for a day by protesters.
Shell (SHEL.L), opens new tab will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country’s efforts to become a crude producer.
Shell told Reuters that discovered oil and gas resources in offshore block PEL39 in Namibia “cannot currently be confirmed for commercial development.”
Africa’s oil and gas industry is facing increasing opposition from environmental groups and financial institutions seeking to undermine its potential, says the African Energy Chamber (AEC).