Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants.
Oil and gas production at Sakhalin projects being developed under production sharing agreements is stable, Sakhalin Region Governor Valery Limarenko said at the Sakhalin Oil and Gas forum.
During his visit to the UK, Minister of Petroleum and Mineral Resources Karim Badawi met with bp CEO Murray Auchincloss to discuss the company’s plans to accelerate exploration and production (E&P) activities in its Mediterranean concession areas. The meeting was also attended by William Lin, Executive Vice President of Low Carbon Energy Projects; Engineer Nader Zaki, Regional President of bp for the Middle East and North Africa; and Engineer Moataz Atef, Head of the Central Administration of the Technical Office and official spokesperson for the ministry.
Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive’s Stephen Gunnion about the sale of the company’s Stanley assets in the US. He explained the rationale behind this decision, highlighting the company’s new focus on helium. Carroll stated, “The bottom line is, we can now fully concentrate on the helium portfolio, which is looking very positive, particularly in the USA.”
Nigeria’s federal government has unveiled fiscal incentives and VAT exemptions to revitalise the country’s upstream and downstream oil sectors.
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday signed a Memorandum of Understanding (MoU) with the Petroleum Commission, Ghana (PCG) towards developing and deepening local content regulations in Ghana’s upstream petroleum sector. The signing ceremony took place at the sidelines of the 2024 Annual Local Content Conference and Exhibition held at Takoradi, Ghana.
TotalEnergies SE has signed an agreement to buy a 45 percent stake in dry gas-producing assets in the Eagle Ford basin from Lewis Energy Group, its second acquisition in the shale play in Texas this year after an earlier deal with the same company.
The CEO of one of the country’s largest oil and gas companies says Canada doesn’t need to cap pollution from its oilpatch.
While the midstream energy sector is less vulnerable to fluctuations in oil and gas prices, the outlook for the Zacks Oil and Gas – Production and Pipelines industry remains uncertain. Reduced capital spending by upstream companies and weak global oil demand could negatively impact the utilization of midstream assets held by companies.
SAO PAULO, Oct 1 (Reuters) – Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab announced on Tuesday that its board gave a green light to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa, according to a securities filing.