Industry News
Turkey signs agreement for oil exploration in Somalia
Turkey has signed an agreement to explore oil fields in Somalia, building upon previous deals and arrangements.
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Contract News
Sempra awards EPC contract for Port Arthur LNG Phase 2 project in USÂ Â
Sempra has awarded the engineering, procurement and construction contract to Bechtel Energy for Port Arthur LNG Phase 2 project.
Industry News
OPEC+ not expected to change supply levels after market and price stabilisation
OPEC+ delegates do not expect the energy group’s coming monitoring session to make any changes to supply levels for the rest of the year.
Company News
YPFB earmarks $400m for Mayaya natural gas field development in BoliviaÂ
YPFB plans to allocate $400m towards drilling gas wells and constructing facilities at the newly discovered Mayaya field, reported Reuters. Â
Contract News
Saipem secures subsea intervention services contract for Libya-Italy pipelineÂ
Italian company Saipem has secured a contract to provide supervision and subsea intervention services for the GreenStream pipeline.Â
Deal News
Tenaz Energy to purchase NAM Offshore in Dutch North Sea for €165m Â
Canadian oil and gas company Tenaz Energy has announced an agreement to acquire Dutch company NAM Offshore for €165m.
Contract News
TechnipFMC secures contract for Katlan development in Mediterranean SeaÂ
TechnipFMC has secured a ‘large’ iEPCI contract from Energean for the Katlan development in the Mediterranean Sea. Â
Deal News
QatarEnergy to acquire stake in block offshore Suriname from ChevronÂ
QatarEnergy has entered into a deal with US energy giant Chevron to purchase a 20% stake in a production sharing contract for Suriname block.Â
Industry News
Candor Energies signs first LNG agreement with KazakhstanÂ
Candor’s facility in Aktobe will produce 120,000 metric tons of LNG yearly, an energy equivalent volume of 450,000 litres of diesel per day.
Industry News
Permian to contribute $350bn and 1,200,000 jobs to US economy by 2050
The Permian Basin is set to contribute $350bn and 1,200,000 jobs to the US economy by 2050 according to a new report.