Abu Dhabi conglomerate International Holding Company has told the US treasury it is interested in buying Russian oil group Lukoil’s foreign assets, the company said in response to a Reuters enquiry. IHC, the Abu Dhabi conglomerate led by the UAE’s Sheikh Tahnoon bin Zayed Al Nahyan, joins a growing list of potential bidders for Lukoil’s global […]
Oil and gas supermajor ExxonMobil will buy a 40% stake in the new Bahia natural gas liquids (NGL) pipeline from Enterprise Products Partners as producers and pipeline operators expand gas takeaway capacity in the Permian basin.
Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy technology company’s footprint in mobile power systems used across upstream, refining and petrochemical operations.
Aberdeen’s offshore engineering capabilities are playing a growing role in supporting fast-track deepwater development in West Africa, as Altera Infrastructure highlighted this week at the Wider African Energy Summit in Aberdeen.
DeepOcean, a Norwegian ocean services provider, has secured a contract to deliver subsea construction and tie-in services for a field development on the UK Continental Shelf, with the project being developed as a subsea tieback to an existing host facility.
Egypt’s Ministry of Petroleum on Thursday announced a new oil discovery in the Gulf of Suez by the Gulf of Suez Petroleum Company (GUPCO).
Almost 70% of East Africa’s oil pipeline is ready, Uganda now says
Construction of the 1,443-kilometer East African Crude Oil Pipeline (EACOP) is nearing the 70% mark, a critical milestone that must be reached before production can begin at the region’s $15 billion oil project owned by France’s TotalEnergies and China’s CNOOC.
The Executive Director of the Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has challenged any government attempt to pay for Springfield’s oil block at West Cape Three Points, arguing the asset already belongs to the state following the company’s failure to meet contractual obligations.
Oil India Limited (OIL) and TotalEnergies inked a “Technology Service Agreement” on Wednesday here in the national capital to strengthen strategic collaboration for exploration activities in deep and ultra-deepwater offshore frontiers of Indian sedimentary basins, including the stratigraphic wells as mandated by the Indian government.
BW Energy has confirmed the presence of liquid hydrocarbons in the Kudu license area in Orange basin offshore Namibia.