Kenya breaks ground September 30 on the Dangote-backed East Africa Oil Refinery in Lamu, a project priced at $17 billion by Kenyan officials and $20 billion by Aliko Dangote himself, and designed to process 700,000 barrels of crude oil a day at Lamu’s deep-water port. It would serve Kenya, Uganda, South Sudan, Rwanda, Burundi and the Democratic Republic of Congo.
TotalEnergies and partner AMNI have taken final investment decision (FID) on the Ima gas development offshore Nigeria, targeting 350 MMcfd of production to supply the expanding Nigeria LNG (NLNG) liquefaction plant.
Global upstream mergers and acquisitions (M&A) activity is on course to exceed last year’s $175 billion total, Rystad Energy announced in a market update sent to Rigzone recently.
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of Hormuz.
South Korea will try to cut its reliance on Middle East crude imports to 50% by 2035, Reuters has reported, citing the country’s industry ministry.
Ahmad M. Al-Ajlan, CEO, and Ivan Chikunov, General Manager – Services & Tendering of Action Energy Company (AEC), talk to The Energy Year about expanding the company’s rig fleet and oilfield services capabilities, the role of digitalisation in improving operational performance and its plans for offshore and regional growth.
Laredo Oil Inc. has signed a non-binding letter of intent (LOI) with an unnamed Argentine oil operator to evaluate the potential commercial deployment of its Underground Gravity Drainage (UGD) technology at selected oil fields in Argentina.
Superior Energy Services has entered into a definitive agreement to acquire Welltec International, expanding its well intervention and completions technology portfolio and increasing its international and offshore presence.
Abu Dhabi’s XRG is exploring the acquisition of a stake in the Shell Plc-led LNG Canada export project, as the state-owned group pursues plans to become a major global supplier of natural gas, people familiar with the matter said.
Shell Offshore Inc. has completed the sale of its interests in the Na Kika platform and Coulomb field in the U.S. Gulf to Talos Energy and an affiliate of Ridgewood Energy, receiving approximately $840 million in cash proceeds at closing.