Industry News
Nigeria suffers oil loses of more than 362 million barrels in ten yearsÂ
The African nation has been grappling with persistent management challenges since the large-scale production of oil began in the mid 1970s.
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Company News
ADNOC Drilling forms JV to accelerate unconventional oil and gas developmentÂ
ADNOC Drilling has established a JV named Turnwell to expedite the development of unconventional oil and gas resources in the UAE. Â
Deal News
FTC clears Chevron’s $53bn merger with HessÂ
Chevron has cleared a key hurdle in its proposed $53bn all-stock merger with Hess, having received approval from the FTC.
Deal News
Woodside concludes $2.35bn acquisition of OCI Clean AmmoniaÂ
Woodside has announced the completion of its acquisition of OCI Clean Ammonia from OCI in a deal valued at $2.35bn (A$3.62bn).Â
Contract News
TGS and Aker BP collaborate to digitalise Yggdrasil oil and gas operationsÂ
TGS, an energy data and intelligence provider, has formed a partnership with Aker BP for  the digitalisation of the Yggdrasil oil and gas area. Â
Industry News
UK North Sea oil and gas industry failing to shift investments to renewable energyÂ
Only seven of 87 companies are projected to invest in renewable energy by 2030, raising concerns about UK’s commitment to a greener future.
Gulf of Mexico
Gulf of Mexico’s oil and gas operations recover as Hurricane Helene moves northÂ
The US Bureau of Safety and Environmental Enforcement has provided its final update on oil and gas operations in the Gulf of Mexico.
Contract News
Equinor awards contract to Aker for Troll Phase 3 project offshore Norway
Equinor has awarded a contract to Aker Solutions for topside modifications on the Troll A platform, as part of the Troll Phase 3 project offshore Norway.
Company News
CNOOC’s Shenhai-1 Phase II natural gas project begins production
China National Offshore Oil Corporation (CNOOC) has commenced production from the Shenhai-1 Phase II natural gas development project.
Deal News
PRIO to acquire 40% interest in Peregrino oil field in Brazil
Prio has agreed to acquire 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin