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NEWS |
UK strengthens protections for taxpayers in energy treaty negotiations
The UK has reached a landmark agreement to modernise the terms of the Energy Charter Treaty (ECT), maintaining its current benefits but winning new legal protections for taxpayers and investors.
NEWS |
ASCO signs agreement to support oil and gas developments in offshore block 58
ASCO has signed an agreement with Kuldipsingh Port to provide technical expertise for its supply base operations, playing a major role in Suriname’s energy industry.
NEWS |
Fluxys and Equinor launch solution for large-scale decarbonisation in North-Western Europe
The two companies have agreed to develop a major infrastructure project for transporting captured CO2 from emitters to safe storage sites in the North Sea, connecting Belgium to Norway.
NEWS |
ExxonMobil and Imperial Oil to sell Canadian oil and gas assets for $1.47bn
ExxonMobil’s Canadian affiliates, namely Imperial Oil and ExxonMobil Canada, have agreed to sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Resources in an all-cash deal (...)
NEWS |
Norway Averts Oil Strike
Norway's oil industry agreed on a new wage deal with three trade unions, averting yet another strike danger that would have disrupted the country's production.
NEWS |
AGR commences drilling of high-impact exploration well in Australia’s North West Shelf
AGR’s Well Management Division has spudded the Sasanof-1 exploration well in Australia’s Carnarvon Basin, on behalf of Western Gas.
NEWS |
ADNOC Drilling accelerates ambitious fleet expansion program in line with robust growth plans
ADNOC Drilling Company PJSC (ADNOC Drilling or the Company) today announced it has signed a sale and purchase agreement (SPA) to acquire an additional two premium offshore jack-up drilling units.
NEWS |
KCA Deutag signs SPA to purchase the Saipem Onshore Drilling business
Part of continuing to deliver its growth strategy and expanding in core markets such as the Middle East region, KCA Deutag today announces that it has signed a Sale and Purchase Agreement ("SPA") to a (...)
NEWS |
OPEC+ meets today to discuss its production agreement
Oil-producing alliance OPEC+ will meet today to discuss its production agreement and a possible hike in output amidst rising Western calls for a faster increase to lower surging prices.
NEWS |
Brent climbs over $120/bbl after Saudi Arabia raises crude prices
Oil futures gained on Monday, with Brent rising above $120 a barrel after Saudi Arabia raised prices for its crude sales in July, signalling tight supply even after OPEC+ producers agreed to accelerat (...)
NEWS |
Bilfinger supports Cadent in ensuring the supply of UK households with natural gas
Bilfinger and the gas distribution network operator Cadent have launched their new framework agreement.
NEWS |
Tullow Oil, Capricorn Energy reach agreement on merger
The Boards of Directors of Tullow Oil PLC (“Tullow”) and Capricorn Energy PLC (“Capricorn”) are pleased to announce that they have reached agreement on the terms of a recommended all-share combination (...)
NEWS |
Seaway 7 awarded preferred supplier status for Seagreen 1A
Subsea 7 today announced that Seaway 7 ASA(1) has been selected by Seagreen 1 Limited as a preferred supplier for the Seagreen 1A offshore wind project, offshore Scotland.
NEWS |
Aker Solutions and Aker BP Secure New, Future-Oriented Offices in Stavanger
Aker BP and Aker Solutions have signed a long-term agreement with owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy-efficient office buildings in Stavanger from 2024/202 (...)
NEWS |
OGV Energy's Europe Energy Review – June 2022
Europe’s pledge to reduce dependence on Russian oil and gas supply and additional sanctions on Putin’s regime over the war in Ukraine continued to dominate the European energy industry in May, while o (...)
NEWS |
Shell to acquire Exxon’s concession offshore Egypt
Shell, through its subsidiary BG International, has agreed to acquire a 100% stake in the North East El-Amriya offshore area in Egypt, also known as block three, from ExxonMobil Egypt.
NEWS |
ExxonMobil to sell Barnett Shale gas assets in Texas to BKV for $750m
ExxonMobil has agreed to sell its operated and non-operated gas assets in the Barnett Shale region in North Texas to subsidiaries of Colorado-based BKV for $750m.
NEWS |
Karoon pulls plug on negotiations for Brazilian offshore oilfield
Karoon Energy has terminated an exclusivity agreement with Enauta Energia over the proposed sale to Karoon of a 50% interest in the producing Atlanta oilfield offshore Brazil.
NEWS |
ExxonMobil Selling Shale Assets for $750MM
ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million.
NEWS |
Wintershall Dea to sell stakes in Norwegian North Sea assets to OKEA
German oil and gas company Wintershall Dea has agreed to sell its stakes in three oil fields, in the Norwegian North Sea, to Norway’s OKEA for €108m ($114m).
NEWS |
Equinor sells assets in Ekofisk Area and share in Martin Linge
Equinor and Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share in Martin Linge (19%).
NEWS |
Rishi Sunak demands oil and gas companies increase UK investments
Chancellor Rishi Sunak is demanding North Sea oil and gas companies agree to a significant boost to their energy investments in the UK to avoid being hit by a windfall tax.
NEWS |
Robert Gordon University and University of Strathclyde announce five-year collaboration at the National Subsea Centre
Robert Gordon University and University of Strathclyde, today (11 May 2022) announced a five-year Memorandum of Agreement (MOA) to collaborate in research and technology development at the National Su (...)
NEWS |
Empire Wind selects Edison Chouest Offshore to provide plug-in hybrid service operations vessel
Empire Offshore Wind, a joint venture between Equinor and bp, has awarded a long-term service operations vessel charter agreement to US marine transportation provider, Edison Chouest Offshore (ECO).
NEWS |
Balmoral Funds affiliate to acquire Trecora in $247m deal
Trecora Resources, a provider of specialty hydrocarbons, has agreed to be acquired by an affiliate of Balmoral Funds for an enterprise value of $247m.
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