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Latest news - International

TotalEnergies says will quit South African offshore gas block

TotalEnergies says will quit South African offshore gas block   CAPE TOWN, French oil major TotalEnergies, said on Monday it would withdraw from an offshore natural gas block off South Africa's southern coast because developing the finds commercially would be too difficult. Earlier this month, TotalEnergies had signalled its intention to withdraw from Block 11B/12B, dealing a blow to South Africa's efforts to become energy independent by developing its largest offshore...

Transaction with Africa Oil Corp. and Corporate Update

Transaction with Africa Oil Corp. and Corporate Update Agreement to sell a 1% interest in Block 3B/4B South Africa in exchange for cancellation of all of Africa Oil’s shares and warrants in Eco (worth C$ 11.5m)   Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana, is pleased to announce it has signed an Assignment and Share Cancellation Agreement (“Assignment Agreement”...

Spelman College, US partners Pan-Atlantic University, Unilag to support teaching, research

Spelman College, US partners Pan-Atlantic University, Unilag to support teaching, research   Atlanta, United States based Spelman College, a leader in the education of women of African descent, has signed an agreement establishing a framework for collaboration with three Lagos-based universities – University of Lagos, Lagos State University, and Pan-Atlantic University. This agreement, signed in recognition of the 50-year Sister Cities partnership between Lagos and Atlanta, a...

Aberdeenshire firm KCA Deutag acquired in £$2billion deal

Aberdeenshire firm KCA Deutag acquired in £$2billion deal   Aberdeenshire drilling services firm KCA Deutag is to be acquired by American competitor Helmerich & Payne in a deal worth nearly £1.5 billion. H&P said the deal will see them gain “leading positions” in the US and Middle East and become a “global leader in onshore drilling”. KCA Deutag, headquartered in Porthlethen, has a significant land drilling presence in the Middle East...

Bilfinger develops cooperation with Black Sea Oil & Gas in Romania under framework agreement

Bilfinger develops cooperation with Black Sea Oil & Gas in Romania under framework agreement   Bilfinger, the leading global industrial services provider, has won a series of engineering projects under the universal framework agreement that has been closed with Black Sea Oil & Gas company. It is the first new offshore gas development project in the Black Sea built in over 30 years that managed to extract gas from the Black Sea in Romania. Bilfinger services are connected wi...

Acquisition Of Air Control Entech And Capital Raising And Trading Update

Acquisition Of Air Control Entech And Capital Raising And Trading Update   Highlights SRJ Technologies Group Plc ("SRJ") has executed a Share Purchase Agreement to acquire 100% of the issued capital of Air Control Entech Limited (ACE). ACE provides remote inspection services to the Oil & Gas industry with advanced robotics and custom drone technology. Business combination creates a world-class asset integrity company with advanced robotics, specialised drone te...

Subsurface digital transformation as AkerBP and SLB partner

Subsurface digital transformation as AkerBP and SLB partner   American oilfield services company SLB and Norwegian oil and gas player Aker BP have entered a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate planning cycles, increase production more sustainably, and reduce costs across its entire exploration and production (E&P) life cycle. Aker BP will use the Delfi digital platform to implement new cloud-based digital solutions. The...

Triple Success for 3t Training Services in Prestigious GWO Awards

Triple Success for 3t Training Services in Prestigious GWO Awards   Global training pioneer 3t Training Services has consolidated its position as the UK’s largest and leading training provider after securing multiple finalist spots at the GWO Safety and Training Awards. Nominated in three separate categories at the prestigious awards ceremony, 3t Training Services is one of only three companies nominated for ‘Training Team of the Year Northern Europe’. Simultaneo...

Deltic Energy announce rig mobilisation in the North Sea

Deltic Energy announce rig mobilisation in the North Sea   Deltic Energy has announced that the Valaris 123 drilling unit has been mobilised and is on route to the Selene well location. Shell UK, in its role as Operator of Licence P2437, has informed Deltic that the Valaris 123 drilling unit was mobilised on 21 July from its current location in the Central North Sea, and is anticipated to arrive at the Selene well location in the Southern North Sea shortly, depending on weather con...

Shell Aims to Sell Scottish Wind Sites in Green Energy Reversal

Shell Aims to Sell Scottish Wind Sites in Green Energy Reversal   Shell wants to invest less in expensive offshore wind projects UK needs to draw record investment to hit green power goals Shell Plc plans to sell leases it won to develop floating wind farms off the coast of Scotland, as the oil major continues to roll back a once-ambitious expansion into renewable power. The company wants to sell its share of projects in a joint venture with Iberdrola SA’s Scottish...

EIC Report: Energy Supply Chain Shifts from Boom to Gloom Amid Policy Uncertainty

EIC Report: Energy Supply Chain Shifts from Boom to Gloom Amid Policy Uncertainty EIC's Survive and Thrive report reveals continued reluctance among companies to enter new markets due to unclear financial incentives, regulations, and trade agreements.   London, 24 July 2024 — The Energy Industries Council (EIC), one of the world's largest energy trade associations for companies supplying goods and services to the energy industries worldwide, has released its eighth an...

Australia Issues New Gas Exploration Permits

Australia Issues New Gas Exploration Permits   The Australian government has issued new offshore gas exploration permits for the country’s east and west coasts to tackle a looming supply shortage, Reuters has reported, noting Australia’s accelerated shift away from coal in power generation. “As aging coal generation comes offline in coming years, gas will continue to be needed to firm renewable energy generation and as a backup during peak energy use periods,&rdqu...

Dragados and Siemens Energy win $3bn offshore grid connection contract

Dragados and Siemens Energy win $3bn offshore grid connection contract   Spain’s Dragados Offshore in consortium with Germany’s Siemens Energy has won a deal to construct a new converter system for the LanWin3 offshore grid connection project in the German North Sea. It was awarded by transmission system operator 50Hertz and the EPCI contract includes all engineering services, the procurement of the necessary components as well as the construction, transportation, and...

Woodside to acquire Tellurian and Driftwood LNG

Woodside to acquire Tellurian and Driftwood LNG   Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian including its owned and operated US Gulf Coast Driftwood LNG development opportunity (Driftwood LNG). The consideration for the transaction is an all-cash payment of approximately US$900 million, or US$1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately US$1200 million.1 Thi...

Velocity string campaign completed at West Sole gas field

Velocity string campaign completed at West Sole gas field Improving gas production in support of energy security and lower carbon emissions   Perenco UK has successfully completed a campaign of velocity string installations on five wells at the West Sole Charlie platform in the Southern North Sea (SNS), situated 70 km east of Perenco’s Dimlington terminal on the Yorkshire Coast. The campaign was conducted by the Petrodec HAEVA rig and has delivered sustained production gai...

TGS Strengthens Monopoly of Provision of  Multi Client Data in Mauritania

TGS Strengthens Monopoly of Provision of Multi Client Data in Mauritania   The Norwegian geophysical firm, TGS,  has signed an agreement with Mauritania’s Ministère du Pétrole, des Mines et de l’Énergie which strengthens its position as sole provider of Mult Client subsurface data for oil and gas exploration and evaluation in the Northwest African country. The agreement allows TGS “to integrate, enhance and license additional subsurface d...

Exclusive-ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say

Exclusive - ExxonMobil selling Malaysia oil and gas assets to Petronas, sources say   Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country's upstream sector where it used to be a dominant producer, two people with direct knowledge of the matter said. The U.S. major, which last year marked its 130th year in Malaysia, has been trying to sell its ageing upstream assets in the country since 2020, Malaysian media hav...

Wind Farms, Oil Bans, and Green Dreams: Labour's Controversial New 'Energy Strategy'

Wind Farms, Oil Bans, and Green Dreams: Labour's Controversial New 'Energy Strategy'   Introduction to Labour's Energy Policy Labour's new energy policy, spearheaded by Ed Miliband, the newly appointed Secretary of State for Energy Security and Net Zero, has ignited significant debate in the political arena. In his first few weeks, Miliband has made bold interventions, emphasizing a shift towards renewable energy while critiquing past policies that hindered such...

Faces behind Chappal, new owners of TotalEnergies’ $860m assets

Faces behind Chappal, new owners of TotalEnergies’ $860m assets   Mauritius-based Chappal Energies has acquired a minority share in TotalEnergies’s Nigerian onshore joint venture assets for $860 million. The new purchase by Chappal Energies, a company registered in Mauritius in 2022, includes an interest in 15 licences producing mostly oil, with production netting Total of 14,000 barrels of oil equivalent per day in 2023. This deal includes three additional licenses...

QatarEnergy to Acquire Stake in Suriname PSC

QatarEnergy to Acquire Stake in Suriname PSC   QatarEnergy has signed an agreement with Chevron to acquire a 20 percent working interest in a production sharing contract (PSC) for block 5 offshore Suriname. Under the agreement, Chevron, the operator of the asset, will retain a 40 percent interest, while Paradise Oil Company, an affiliate of Suriname national oil company Staatsolie Maatschappij Suriname N.V., will own the remaining 40 percent, QatarEnergy said in a news release....
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