Italian oil and gas major Eni has signed a binding agreement to sell a 10% stake in the Baleine offshore oil and gas project in Côte d’Ivoire to SOCAR, the State Oil Company of the Republic of Azerbaijan.
Italy’s Eni has signed a binding agreement to sell a 10% stake in the Baleine offshore oil and gas project in Côte d’Ivoire to SOCAR, the State Oil Company of the Republic of Azerbaijan. The deal reduces Eni’s operating stake to 37.25% while leaving it as project operator. Vitol retains a 30% interest and Côte d’Ivoire’s state oil company Petroci holds 22.75%.
TMC Compressors has been awarded a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system for SBM Offshore’s newbuild floating storage and offloading (FSO) unit, Chalchi. The FSO Chalchi is being constructed for deployment at the Trion deepwater oil field offshore Mexico. Under the contract, TMC will supply a medium-sized marine compressed air system, including […]
Shell may be considering leaving the Vaca Muerta shale play in Argentina, Reuters has reported, citing unnamed sources. Both a partial asset sale and a full exit are on the table, according to the report, with the deal or deals potentially fetching billions. The Vaca Muerta play is considered the second-largest shale oil and gas formation […]
Sintana Energy has entered a letter of intent to acquire an indirect interest in PEL 37 in the Walvis Basin offshore Namibia, the company announced on Wednesday. The block spans 17,295 square kilometres in relatively shallow waters, ranging in depth from 100 to 1,500 metres. Prospects have already been identified at water depths between 300 […]
Oman has signed agreements worth USD 2.6 billion with consortiums led by Qatar’s Nebras Energy to build two gas-fired power generation plants, regional media reported on Thursday. The deals cover the development of combined-cycle gas turbine power plants in Misfah and Duqm with generation capacities of 1.7 GW and 877 MW, respectively. Both projects have […]
Europe is set to receive some of its first shipments of Venezuelan oil in almost a year after traders rolled out offers worldwide to sell cargoes at the behest of the Trump administration. The ship Poliegos is on its way to pick up Venezuelan oil and deliver it to a port in Italy, according to […]
McDermott has been awarded a major engineering, procurement, construction and installation (EPCI) contract by ADNOC for the Nasr-115 Expansion Project at the Al Nasr offshore field in the United Arab Emirates. The project forms part of ADNOC’s broader Nasr Phase II full-field development, which aims to raise production capacity at the field to 115,000 bpd by 2027. The […]
Drilling operations at the Falcão-1 well in Block 10, offshore São Tomé and Príncipe, have been completed safely, the National Petroleum Agency of São Tomé and Príncipe and the Shell/Petrobras Consortium have announced. Although no commercially viable hydrocarbons were discovered in the well, the partners said the operation generated valuable data on the basin’s key […]
Trading house Trafigura sold a cargo of Venezuelan oil to a Spanish refiner, while rival Vitol prepared to export Venezuelan fuel oil as shipments accelerate from the OPEC nation under a U.S.-backed $2 billion oil supply deal following the capture of President Nicolas Maduro, oil industry sources said on Thursday.