BW Offshore has signed an agreement to acquire the FPSO Nganhurra, a purpose-built facility with production capacity of 100,000 bpd and storage capacity of 900,000 barrels. The acquisition is part of a strategy to offer timely and competitive redeployment solutions. SourceContinue Reading
NesmaKent Energy Company, a joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative. SourceContinue Reading
South Africa has officially established its new state-owned oil corporation—South African National Petroleum Company (SANPC). The launch—which follows the merger of PetroSA, iGas and the Strategic Fuel Fund—signals the rise of an integrated oil company in South Africa. SourceContinue Reading
Kongsberg Maritime has launched its new Tunnel Thruster type TTH, setting new standards in performance and reliability with a compact, modular design that reduces downtime and eliminates the need for dry-docking. SourceContinue Reading
Valeura Energy has completed an eight-well drilling campaign at License B5/27, offshore Gulf of Thailand, the company announced. The block B5/27 drilling program was completed safely, on time, and under budget, Valeura noted. SourceContinue Reading
NesmaKent Energy Company, a joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative. SourceContinue Reading
OEG has secured a three-year framework agreement with an international oil major. Under the terms of the agreement, which includes optional extensions for up to five years, OEG will supply logistics equipment for the organization’s operations in North America. SourceContinue Reading
Eni has signed an agreement with Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock, for exclusive talks to potentially sell 49.99% in its carbon capture, utilization and storage (CCUS) business. SourceContinue Reading
Oil was steady as the market weighed the prospect for easing trade tensions between the European Union and the U.S. ahead of an OPEC+ meeting on supply policy. SourceContinue Reading
Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. SourceContinue Reading
