Tubular solutions company Vallourec has secured a contract with Petróleo Brasileiro SA (Petrobras) for the supply of 1,800 metric tons of premium carbon steel tubes with Glass Reinforced Epoxy liners (GRE technology), including Corrosion Resistant Alloy (CRA) accessories.
THE upcoming African Energy Week (AEW) an invest in African energy conference, is set to feature a Just Energy Transition (JET) Summit, bringing together African energy policymakers, industry leaders, community representatives and global investors to develop actionable solutions for building a sustainable energy future.
A new report by non-governmental organisation Earth Insight warns of the dire consequences of continued liquefied natural gas (LNG) development worldwide. The report highlights the endangerment of critically important marine ecosystems and species along the Indian Ocean coastline, along with fueling violent conflict in East Africa.
According to documents presented to the UK House of Commons Environmental Audit Committee in early May, the discovery was made by Russian research vessels in the Weddell Sea, part of the Antarctic territory claimed by the UK. The reserves discovered are estimated to contain some 511 billion barrels of oil, around 10 times the production of the North Sea over the last 50 years.
Argentine oil driller Petrolera Aconcagua Energia SA is making arrangements to join the country’s stock market to raise funds for expansion as President Javier Milei’s reforms start to attract capital back to Argentine markets, the Buenos Aires Times has reported. Last month, Aconcagua revealed that it’s bidding for aging oil fields being sold by state-run giant YPF SA as the company looks to expand its current production clip of 13,500 boe/d. It isn’t clear yet if the Petrolera exploration and production unit would list alone, or if the entire Aconcagua Energía group will be involved in the upcoming IPO.
At the 27th Saint Petersburg International Economic Forum, Rosneft CEO Igor Sechin delivered a compelling speech on the energy panel, focusing on the ongoing energy transition. Sechin highlighted the Organisation of Petroleum Exporting Countries’ (OPEC) recent forecast which suggests that oil demand is set to increase by nearly 20% to reach 116 million barrels per day by 2045, with oil maintaining a 30% share of the global energy mix.
AIM-listed Mosman Oil and Gas, helium, hydrogen and hydrocarbon exploration, development, and production company, has announced that it has sold its interest in Nadsoilco LLC for a consideration of up to US$1.75 million subject to the completion of due diligence by the acquiror.
Technology and energy company Fortescue has teamed up with Belgian offshore installation services company Belgian Jan De Nul to jointly provide shipping and subsea cable laying services to connect North Africa with Europe.
BP and Worley have formed a new strategic alliance across BP’s global site projects, spanning the Gulf of Mexico, Middle East and Africa.
Major oil companies have lamented the impact of oil theft and pipeline vandalism on the availability of crude for local refineries.