Analyst Comment
Oil and gas contract value momentum increases in Q2 2024
The global oil and gas contract activity saw a 47% increase in total disclosed value, rising from $37.3bn in Q1 2024 to $54.91bn in Q2 2024.
Author: admin@erthaenergy
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Deal News
Aramco to invest $100m in KAUST for advanced R&D initiativesÂ
Aramco has entered into a memorandum of understanding (MoU) with King Abdullah University of Science and Technology (KAUST).Â
Industry News
EGA ships world’s first bauxite cargo using LNG-fuelled vessel
EGA has shipped the world’s first bauxite cargo using an LNG fuelled vessel.
Industry News
Ukraine to purchase 16 gas engine power plantsÂ
Ukraine’s largest oil company, Ukrnafta, has announced 16 tenders to purchase gas generator sets totalling 76.4MW in capacity.
Company News
Gran Tierra Energy announces fifth oil discovery in EcuadorÂ
Canadian company Gran Tierra Energy has announced an oil discovery at the Charapa-B6 well in Ecuador’s Oriente basin.Â
Contract News
McDermott awarded EPCI contract for Manatee gas project in Trinidad and TobagoÂ
Shell has awarded McDermott an engineering, procurement, construction, installation (EPCI), hook-up and commissioning contract.Â
Company News
Chevron initiates production at Anchor project in US Gulf of MexicoÂ
Chevron has commenced oil and natural gas production from the Anchor project, situated in the deepwater US Gulf of Mexico. Â
Industry News
Indian government revises natural gas pricing, ONGC approves new gas projectsÂ
The Indian government has revised natural gas pricing, enabling ONGC and Oil India to charge a 20% premium over the APM. Â
Industry News
India’s SEBI chief invested in funds linked to Adani scandal, Hindenburg alleges
SEBI head Madhabi Buch and her husband allegedly invested in offshore entities connected to Adani, hindering SEBI’s transparency in its investigation as per the Hindenburg report.
Deal News
Tourmaline Oil to buy gas producer Crew Energy for C$1.3bnÂ
Canada’s Tourmaline Oil has signed a definitive agreement to acquire liquids-rich natural gas company Crew Energy in a deal valued at C$1.3bn ($946.6m). Â