Nigeria’s national oil company, NNPC Limited, has renewed its partnership with TotalEnergies for another two years to expand the use of advanced drone-based technology aimed at detecting, measuring, and reducing methane emissions across its upstream operations as part of its decarbonisation and gas-flare reduction commitments. The agreement, aimed at helping NNPC Ltd meet its gas-flare […]
Iraq is preparing to boost oil exports from its southern ports with a formal deal to open the Strait of Hormuz scheduled to be signed on Friday.
Trendsetter Vulcan Offshore (TVO) has deployed its Hercules tethered blowout preventer (TBOP) system to support the workover of a shut-in well in the Gulf of America, enabling a deepwater dynamically positioned (DP) rig to safely conduct operations in shallow water.
Transocean has secured approximately $185 million in new contract backlog through awards for two harsh-environment semisubmersible rigs operating in Norway and Australia.
Vår Energi has taken final investment decision (FID) on the Balder Next New Wells project in the North Sea, advancing the next phase of development in the Balder area and adding 86 MMboe of reserves tied to the Jotun FPSO.
Saudi Arabia’s energy major Aramco is considering selling a stake in its sulfur business, eyeing proceeds of up to $7 billion, Reuters has reported, citing unnamed sources.
Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, advancing the company’s strategy to streamline its portfolio and strengthen its balance sheet.
Zululand Energy Terminal (ZET) has signed a Heads of Agreement (HoA) with ExxonMobil South Africa LNG Ltd., advancing plans for South Africa’s first liquefied natural gas (LNG) import terminal at the Port of Richards Bay.
Panoro Energy has completed the acquisition of the Kosmos Energy subsidiary holding a 40.375% interest in Block G offshore Equatorial Guinea, increasing its total stake in the producing asset to 54.625%, Panoro announced on Wednesday.
Fabrizio Bolondi, vice-chairman and managing director of Nigerian Agip Exploration and Agip Energy and Natural Resources, talks to The Energy Year about Eni’s deepwater growth pipeline.