Offshore contractor SBM Offshore has secured a contract extension for the lease and operation of the FPSOs Mondo and Saxi Batuque on Block 15 offshore Angola, extending its involvement in the assets through 2032. The agreement was signed with Esso Exploration Angola (Block 15) Ltd., an affiliate of ExxonMobil and operator of the block. The extension includes life-extension activities such […]
(WO) – Subsea services provider DeepOcean has been awarded a new long-term inspection, maintenance and repair (IMR) frame agreement by Vår Energi covering the operator’s assets on the Norwegian Continental Shelf. The five-year contract runs through October 2030 and includes options to extend for up to an additional four years. Under the agreement, DeepOcean will deliver IMR services across […]
MOL Group and SOCAR have signed a comprehensive onshore exploration, development and production sharing agreement covering the Shamakhi-Gobustan region of Azerbaijan, strengthening their long-standing upstream partnership in the Caspian region. Under the agreement, MOL Group will serve as operator with a 65% working interest, while SOCAR will hold the remaining 35%. The fully termed deal follows a preliminary […]
Shell PLC, through Shell Nigeria Gas Ltd (SNG), has signed an agreement to supply natural gas to SG Industrial FZE. The new customer is “a leading steel company in the Guandong industrial zone in the state”, the British company said on its Nigerian website. “The agreement adds to a growing list of clients for SNG […]
3D Energi Ltd said Tuesday new institutional investors and existing shareholders have committed to participating in a share issuance to raise AUD 14.5 million ($9.61 million) for its drilling campaign offshore Victoria. The Eastern Australia-focused exploration company plans to issue nearly 104 million shares at AUD 0.14 per share, it said in a stock filing. […]
Sharjah National Oil Corporation (SNOC) has signed an agreement with SAP to adopt RISE with SAP, marking a major milestone in its corporate drive toward advanced modernization within the energy sector. The initiative supports Sharjah’s long-term strategy to enhance operational excellence and sustainability under the leadership of H.H. Sheikh Sultan bin Ahmad Al Qasimi, Deputy Ruler of Sharjah and President of SNOC.
Canada has announced rules that have been promised for years to reduce methane emissions in the country’s oil & gas sector.
Oil and gas consumption increased in Ireland last year amid the country’s sluggish switch from fossil fuels to clean energy.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw yet another large draw, this time of 9.3 million barrels in the week ending December 12. Crude oil inventories shrank by 4.8 million barrels in the week prior.
Nigeria’s richest man Aliko Dangote escalated his fight with regulators on Sunday, accusing them of enabling cheap fuel imports that threaten local refineries.
Nigeria is Africa’s biggest oil producer, but relies heavily on imports, and Dangote’s refinery was meant to change that.