Oil and Gas Industry

How Turkey Could Thwart the EU’s Plan to Ban Russian Gas

Oil & Gas‚ Oil and Gas Industry | intent | May 9, 2025 | Comment off

Hungary and Slovakia are currently getting their Russian natural gas supply via the TurkStream pipeline that runs under the Black Sea to Turkey and then on to Eastern Europe. According to one Bulgarian energy analyst from the progressive think-tank Center for the Study of Democracy, the existence of this pipeline can prolong the European Union’s reliance on Russian gas. Indeed, it has already increased Russian gas imports to Central and Southeastern Europe from some 30% back in 2021 to over 50% as of last year, Martin Vladimirov wrote in an op-ed for Reuters.

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South-South collaboration rises in the energy sector

Oil & Gas‚ Oil and Gas Industry | intent | May 9, 2025 | Comment off

In Southern Africa, the South Africa–Mozambique gas-to-power integration illustrates the value of cross-border energy ties. South Africa imports natural gas from Mozambique’s Pande and Temane fields via the ROMPCO pipeline, co-owned by Sasol. This gas fuels both industrial applications and power stations, forming one of the region’s most integrated energy corridors and strengthening economic ties through energy interdependence.

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Dräger Marine & Offshore wins five-year contract with UK North Sea operator

Oil & Gas‚ Oil and Gas Industry | intent | May 8, 2025 | Comment off

Dräger Marine & Offshore (DMO), a global leader in the field of safety technology, has secured a long-term deal with a major North Sea oil and gas operator.
Due to run for five-years, with a further two one-year extension options, the extension of the existing supply contract means more than 10 UK North Sea assets will continue to benefit from Dräger’s industry leading portable gas detection and breathing apparatus systems.

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Permian Resources acquires Delaware basin assets from APA for $608 million

Oil & Gas‚ Oil and Gas Industry | intent | May 8, 2025 | Comment off

Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources’ core New Mexico operating areas. The transaction is expected to close by the end of the second quarter of 2025.

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OTC 2025: NOV executive sees solid future for deepwater sector

Oil & Gas‚ Oil and Gas Industry | intent | May 8, 2025 | Comment off

Although the deepwater portion of the offshore oil and gas industry may be traversing a few rough spots at present, the general outlook for this sector over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston (Fig. 1), NOV’s President of Energy Products and Services, during an Executive Dialogue session during Day 2 at the Offshore Technology Conference in Houston.

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Exxon planning $1.5 billion investment in deepwater development, Nigeria says

Oil & Gas‚ Oil and Gas Industry | intent | May 8, 2025 | Comment off

The investment, expected within the next two years, will focus on reviving production in the Usan field and is in addition to funding earmarked for planned developments in Owowo and Erha, the Nigerian Upstream Petroleum Regulatory Commission said in a statement Tuesday, citing a visit by Shane Harris, Exxon’s managing director in Nigeria.

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