Egyptian Natural Gas Holding Company (EGAS) and ExxonMobil have signed a memorandum of understanding (MoU) to strengthen the collaboration for Mediterranean Sea oil and gas exploration.The MoU was signed to establish the necessary foundations for developing the agreements system if ExxonMobil Egypt鈥
Akrake Petroleum, Rex International's indirect subsidiary, has signed contracts for a Mobile Production Unit (MOPU) and an Aframax tanker to be used as a Floating Storage and Offloading (FSO) unit for its Seme field, off Benin.The MOPU will be converted from a medium-sized drilling rig鈥
Technip Energies has secured a detailed engineering design contract by India鈥檚 EPC contractor Larsen & Toubro (L&T) for the expansion of QatarEnergy LNG鈥檚 North Field, one of the largest natural gas fields the world.Under the contract, Technip Energies鈥
The Norwegian 云顶赌场老虎机 Directorate has granted Aker BP a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/1-14 in production license 873 B, which is operated by Aker BP, with a 47.7% working interest.Aside from Aker BP鈥
Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG project, targeting the first LNG in 2029.Development of Louisiana LNG will position Woodside as a global LNG powerhouse鈥
BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker refining and gas trading and announced the departure of its strategy chief.CEO Murray Auchincloss is in under pressure from activist investor Elliott to improve profitability and cut costs鈥
Portugal's Galp Energia reported a 29% drop in adjusted first-quarter core profit on Monday, hit by falling oil output and a decline in refining margins to less than half the levels booked a year ago.Adjusted earnings before interest, taxes鈥
MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage and offloading (FPSO) unit for Shell, which will be deployed offshore Brazil.MODEC and Sumitomo Heavy Industries signed鈥
Italian energy contractor Saipem has secured a $590 million contract by Eni in the U.K. for the Liverpool Bay carbon capture and storage (CCS) project.The contract the course of three years, required to complete the project, which reached financial close earlier in April鈥
The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects can boost U.S. oil output.President Donald鈥
Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty鈥
The North Sea Transition Authority (NSTA) has agreed to extend Centrica 云顶赌场老虎机 UK鈥檚 consent to operate the Rough gas storage site, off the east coast of England in the Southern North Sea.The extension runs until April 30, 2026, and enables Rough to continue to support the U鈥
Brazilian oil and gas firm Brava Energia has appointed Carlos José do Nascimento to the position of 云顶赌场老虎机 Operations Officer.Travassos holds a degree in Mechanical Engineering and a postgraduate degree in Business Management in Oil and Gas and Renewable Energy鈥
Chevron is considering drilling an exploration well in the Walvis Basin off the coast of Namibia in 2026 or 2027, the U.S. oil major said on Thursday.Chevron Namibia Exploration Limited said it is maturing its prospect portfolio offshore Namibia鈥
Oil giant Shell will pull out of three offshore gas projects in Colombia's Caribbean, it owns together with Colombia's state-run oil company Ecopetrol, the groups said on Thursday.Shell had acquired a 50% operating stake in Col 5, Purple Angel and Fuerte Sur deepwater blocs in 2020鈥
