The U.S. threatened economic penalties against countries that continue doing business with Iran, escalating pressure on Tehran after nearly six months of war and putting major buyers of Iranian oil under greater scrutiny.
TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude through Syria to the Mediterranean.
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
DNV has agreed to acquire Equinor’s WellSpot digital technology and will commercialize the platform as Wellhead Fatigue Manager, expanding its capabilities for monitoring and managing fatigue across the lifecycle of subsea wells.
Dangote Group has offered East African countries a 30% equity stake in its planned Lamu refinery, reports Bloomberg. The refinery will be located on Lamu Island, off the coast of Kenya.
CB&I’s Asset Solutions business has secured a three-year contract to provide operations and maintenance services for an FPSO offshore Côte d’Ivoire, expanding the company’s presence in West Africa.
The Ghana Upstream Petroleum Chamber is a non-profit upstream petroleum organisation which aims to achieve long term success of the upstream petroleum industry in Ghana.