TotalEnergies SE is acquiring the remaining 50 percent stake in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn from Sapura Upstream Assets Sdn Bhd (SUA) for $530 million.
A Swiss subsidiary of Polish state energy giant Orlen has revealed details of the roughly $400 million (1.6 billion zloty) it lost on prepayments made without collateral under the firm’s previous management for Venezuelan crude oil and petroleum products that were never delivered.
The Students’ Loan Bureau (SLB) plans to employ several initiatives to strengthen its customer engagement strategies for fiscal year 2024/25.
In a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, the minister of finance and coordinating minister of the economy, Wale Edun, yesterday presided over a signing ceremony at the Federal Ministry of Finance headquarters in Abuja endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector – a cornerstone of the Presidential Directive aimed at enhancing the Nigerian oil & gas sector’s global competitiveness whilst stimulating economic growth.
In response to an audit conducted by KPMG regarding the transactions between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML), President Nana Addo Dankwa Akufo-Addo has directed that the upstream petroleum audit and minerals audit services by the latter may be terminated.
Four projects were planned offshore Texas before multiple crises hit the industry in the 2020s and changed trade oil flows.
The first approval of a Texas deepwater port came earlier this month when the United States Maritime Administration (MARAD) issued the deepwater port license for the Sea Port Oil Terminal.
EIA: the Netherlands received more U.S. crude oil exports than any other country in 2023, averaging 652,000 bpd.
Energy trader’s earnings mean another year of large payouts for senior partners
In a strategic move to bridge the gap between academia and industry, an idea mooted by Prof. Benjamin Ghansah, Master of Philosophy in Environmental Science students at the Department of Environmental Science, have recently embarked on immersive educational tours at key waste management facilities in Sekondi-Takoradi, Ghana.
MODEC Inc. (“MODEC”) is pleased to announce that it has been successful in securing the Front-End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) system for Shell do Brasil Ltda (“Shell”) on the Gato do Mato development, offshore Brazil.
From an NBAS perspective, the major industry news from SMW 2024 is the partnership between NBAS member Yinson GreenTech and the global ship management company Eastern Pacific Shipping on electric vessel trials, as reported in the daily news updates during SMW by Nutgraf/Chen Jei Min (facsimile).