Eni and XRG have each agreed to acquire a 32% interest in three upstream blocks in Argentina’s Vaca Muerta shale, joining operator YPF in advancing the integrated Argentina LNG project. The agreements cover the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas blocks. Upon completion, which remains subject to regulatory approvals, YPF will retain a 36% interest while Eni and XRG will […]
SBM Offshore has secured $465 million in project financing for FSO Chalchi, the floating storage and offloading (FSO) vessel being built for Woodside Energy’s Trion deepwater development offshore Mexico. The financing, provided by a consortium of international banks and institutional investors, includes partial insurance support from China Export & Credit Insurance Corporation. SBM Offshore said the funding will be […]
Eni SpA and Libya’s National Oil Corp (NOC) have started up a compression project that improves natural gas recovery in the Bahr Essalam field off the Mediterranean coast of the North African country. “The new compressors are expected to boost production by approximately 28 billion cubic feet of natural gas annually and to increase condensate […]
Baker Hughes has secured a 13-year lifecycle services agreement with Nigeria LNG (NLNG) to support turbomachinery operations at the company’s Train 7 expansion project on Bonny Island. The agreement extends a more than 20-year relationship between the companies and will provide long-term support for equipment installed as part of the expansion, which is expected to increase the plant’s […]
Eco Atlantic Oil & Gas has received ministerial approval from Namibia’s Ministry of Industries, Mines and Energy for the farm-out of its 85% participating interest in offshore Petroleum Exploration Licence (PEL) 98 to Namibian-owned Lamda Energy, clearing the final government approval required for the transaction. The approval satisfies Section 11 requirements under Namibia’s Petroleum (Exploration and Production) Act. […]
Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter.
Zephyr Energy has expanded its operated position in Utah’s Paradox basin by acquiring approximately 27,000 additional acres, doubling its acreage around the company’s White Sands Unit (WSU) and strengthening its development position in the Cane Creek reservoir.
Saudi Aramco has resumed crude oil loadings at its Ras Tanura terminal after a halt that has lasted nearly four months, Reuters reported on Friday.
Aker Solutions has been awarded a five-year engineering and maintenance services agreement by Cenovus Energy to support operations at the White Rose field offshore Newfoundland and Labrador, Canada.
London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.