Category: Company News

QatarEnergy has signed an agreement to acquire a 23% stake in an offshore exploration block in Egyptian waters, from Chevron.

YPF anticipates an increase in shale oil production by 30% to 40% for the coming year with investments in the Vaca Muerta formation.

Russia is considering a merger of the state backed giant Rosneft Oil with Gazprom Neft, and Lukoil, reported the Wall Street Journal.

TotalEnergies, the operator of the Danish Underground Consortium (DUC), has informed its partners that the new Tyra facilities has all necessary machinery fully operational.

Angola Liquefied Natural Gas (LNG) is exploring expansion options, including a mini train of three million tonnes (Mt) annually, as new gas supplies to its facility is expected ramp up in the next 12 months.

Petrobras has reported a 7.6% increase in net income for the third quarter of 2024 (Q3 2024), reaching $5.87bn from $5.54bn in Q3 2023.

ExxonMobil Guyana has completed the acquisition of the Prosperity floating production storage and offloading (FPSO) vessel from SBM Offshore.

ADNOC has awarded contracts worth $196.2m to 11 companies to boost local manufacturing of diverse products across its value chain.

Equinor has signed an agreement to acquire an 11.8% interest in the Halten East Unit from Sval Energi, raising its total ownership to 69.5%.

ExxonMobil has delayed its final investment decision (FID) for the Rovuma liquefied natural gas (LNG) project in Mozambique to 2026.