Company News
Eni commences gas production from Argo Cassiopea field offshore Italy
Italian energy major Eni has commenced gas production from the Argo Cassiopea field in the Strait of Sicily.
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Industry News
Nigeria’s NNPC denies owing $6.8bn to international oil traders
The oil-rich nation’s state-owned outfit has also refuted claims of unremitted funds to Nigeria’s federation since January.
Company News
ACF to withdraw legal challenge to Woodside’s multibillion Scarborough project
Woodside has successfully negotiated an end to the two-year legal challenge by the Australian Conservation Foundation (ACF) concerning the environmental approval of its Scarborough, UK, energy project.
Company News
Quantum Capital Group acquires Caerus oil and gas operations for $1.8bn
Quantum Capital Group has completed the acquisition of Caerus’ oil and gas operations in a deal valued at $1.8bn.
Data Insights
LNG in the oil & gas industry: analyzing innovation, investment and hiring trends
Discover the latest LNG technologies revolutionizing the oil & gas industry. From cryogenic tank innovations to efficient storage solutions, these patents enhance LNG transportation, storage, and utilization for improved efficiency and reliability. Learn more in our comprehensive analysis of LNG trends and investments in the oil & gas sector.
Company News
BPCL plans Rs1.7tn investment in refining and fuel marketing
India’s Bharat Petroleum Corporation (BPCL) plans to make investment of Rs1.7tn ($20.26bn) to expand its core oil refining and fuel marketing business.
Equinor
Norway’s Equinor partially evacuates North Sea platform, suspends production
Norway’s state-owned energy giant Equinor suspended production at its Gullfaks C platform late on Sunday due to a “well control incident.”
Deal News
Diversified Energy acquires Crescent Pass’ natural gas assets in US
Diversified Energy has closed the acquisition of interest, operated natural gas properties and related facilities in eastern Texas, US, from Crescent Pass Energy.
Industry News
Turkey is set to explore offshore oil in Somalia
Turkey is set to dispatch its research vessel, the Oruc Reis, to oil blocks offshore Somalia next month, in a strategic move to diversify its crude supply and strengthen its energy security, reported Bloomberg.
Industry News
The modern solution tackling age-old asset integrity challenges
A new method of applying high nobility alloy cladding can mitigate metal wastage more quickly and effectively than welding.