Shell PLC said Tuesday it had completed the sale of its stake in the BP PLC-operated Na Kika, a 50:50 joint venture that is Shell’s only non-operated platform in the Gulf of America
Qatar has ramped up liquefied natural gas tanker traffic through the Strait of Hormuz to the highest in more than two months, a sign it’s becoming more comfortable moving ships through the waterway
STRYDE has secured an agreement to supply 12,000 seismic nodes and its Nimble Seismic Acquisition System to Indonesian inspection and survey services company PT SUCOFINDO for an upcoming seismic survey.
Subsea7 has been awarded a contract extension by Turkish Petroleum Offshore Technology Center (TP-OTC) for the Sakarya Phase 3 gas development offshore Türkiye.
Oil Spill Response Limited (OSRL) has launched a new shallow-water deployment capability designed to support capping stack installation during complex subsea well control incidents.
SLB has been awarded a contract by OQ Exploration & Production (OQEP) to deliver an expansion of the Bisat-B production facility in Oman, increasing its gross fluids handling capacity to 548,000 bpd.
Crude oil prices took a dip today amid reports that there was willingness for peace in the Middle East on both sides of the conflict. The dip partially offset gains made earlier in the week, keeping oil benchmarks elevated.
Kenya breaks ground September 30 on the Dangote-backed East Africa Oil Refinery in Lamu, a project priced at $17 billion by Kenyan officials and $20 billion by Aliko Dangote himself, and designed to process 700,000 barrels of crude oil a day at Lamu’s deep-water port. It would serve Kenya, Uganda, South Sudan, Rwanda, Burundi and the Democratic Republic of Congo.
TotalEnergies and partner AMNI have taken final investment decision (FID) on the Ima gas development offshore Nigeria, targeting 350 MMcfd of production to supply the expanding Nigeria LNG (NLNG) liquefaction plant.
Global upstream mergers and acquisitions (M&A) activity is on course to exceed last year’s $175 billion total, Rystad Energy announced in a market update sent to Rigzone recently.