Harbour Energy has reached an agreement with BASF and LetterOne, the shareholders of Wintershall Dea, for the acquisition of substantially all of Wintershall Dea’s upstream assets for $11.2 billion. The Target Portfolio includes all of Wintershall Dea’s upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria as well as Wintershall Dea’s CO2 Capture […]

TGS, the leading global provider of energy data and intelligence, has been awarded a two-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico. The project’s acquisition will start in Q1 2024. Kristian Johansen, CEO at TGS, commented: “This project highlights the key role OBN data plays in this vital basin. […]

NLNG invites interested professionals in Hydraulic Bolt Torqueing and Tensioning with experience, capacity and all required regulatory permits and licences to express their interest in participating in this tendering exercise.

TGS, a global provider of energy data and intelligence, announces the completion of the imaging phase for the priority area of its NOAKA Ocean Bottom Node (OBN) multi-client seismic survey in the Norwegian North Sea. TGS has applied its proprietary OBN processing and imaging technology, including dynamic matching full-waveform inversion (DM/FWI), to this data, creating […]

PGS said that the company has commenced a Depth reprocessing of the ANG Block 16 MC3D GeoStreamer dataset in the Lower Congo Basin with focus on deeper exploration targets. Final deliverables will be available in Q3 2024. Following a review of the Lower Congo Basin, which high-graded an area of high exploration potential in its […]

Chevron has announced an expected organic capital expenditure range of $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an affiliate capital expenditure (affiliate capex) budget of approx. $3 billion for 2024. Upstream spending in 2024 is expected to be about $14 billion. Of this planned expenditure, two-thirds is allocated to the United States, including […]

In the latest edition of its World Land Drilling Rig Market Forecast, Westwood reports that the land drilling rig market continues to recover from the lows seen in 2020 and 2021, with demand for rigs totalling an estimated 4,559 in 2023, an increase of 4% on 2022 and 32% on the low point of 2020. Driven […]

Release by Scatec (Release), has signed a USD 100 million loan agreement with the World Bank’s International Finance Corporation (IFC). The loan agreement is part of a larger partnership to provide a simpler, more affordable, and cleaner offering of power to African utilities, which also includes a USD 65 million guarantee facility to support the […]

The Prax Group has signed a Sales and Purchase Agreement (SPA) to acquire a 36.36% interest in National Petroleum Refiners of South Africa refinery (Natref) from TotalEnergies. Natref is a Joint Venture (JV) between TotalEnergies Marketing South Africa and Sasol (63.64%). The transaction is subject to customary approvals, consents, and authorisations. The Prax Group has […]

The Nigerian Content Development and Monitoring Board (NCDMB) and SLB, a global technology company on Tuesday in Lagos unveiled the first three products of their joint program, the NCDMB-SLB Technology Enhancement Program (N-STEP), a platform whereby students of higher institutions develop software plugins for diverse oil field applications. The programme was unveiled at the sidelines […]