Industry News
Egypt makes $340m oil and gas investment to boost productionÂ
Egypt’s Petroleum Minister, Karim Badawi, met with executives from international oil and gas companies to finalise two agreements. Â
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Industry News
Crown LNG partners with IKM to build floating LNG terminal
Crown LNG will partner with IKM to build a floating liquefied natural gas import terminal off the east coast of Scotland.
Deal News
Sinochem negotiating sale of 40% stake in Brazil’s Peregrino oil fieldÂ
Sinochem is in discussions to divest its 40% stake in the Peregrino oil and gas field located off the coast of Brazil, reported Bloomberg. Â
Deal News
Macquarie Asset Management to acquire remaining 20% of UK’s National GasÂ
Macquarie Asset Management has exercised its option to acquire the remaining 20% equity interest in National Gas from National Grid.
Deal News
Petrobras bids for stake in Galp’s Namibian offshore oil discoveryÂ
Petrobras has made a non-binding offer for a share of Galp Energia’s newly discovered offshore oil field in Namibia, reported Reuters.Â
Deal News
Vital Energy, NOG to acquire Point Energy’s shale assets for $1.1bnÂ
Vital Energy, in a partnership with NOG, has announced the acquisition of Point Energy Partners’ shale assets in a deal valued at $1.1bn. Â
Industry News
UK and US accused of ‘hypocrisy’ over climate pledges
The World’s richest nations – including the UK and US – were obliged to lead the energy transition away from fossil fuels.
Deal News
Helmerich & Payne to acquire KCA Deutag in $1.97bn deal Â
Helmerich & Payne (H&P) has signed a definitive agreement to acquire KCA Deutag in an all-cash deal valued at $1.97bn.Â
Industry News
Eni speeds up share buyback, reveals $1.62bn Q2 2024 net profit Â
Energy giant Eni recorded an adjusted earnings before interest and taxes of €4.1bn ($4.45bn) in the second quarter of 2024..