KOIL Energy Solutions a leader in providing controls infrastructure for subsea oil and gas fields, announced its expansion into Brazil, with a new technology center for manufacturing and service support in Macaé. “Macaé represents an exciting new chapter for KOIL Energy as we establish our presence in Brazil, the largest subsea market in the world,” […]

Shelf Drilling, Ltd. announced results for the fourth quarter and full year of 2024 ended December 31. The results highlights will be presented by audio conference call on March 3, 2025 at 6:00 pm Dubai time / 3:00 pm Oslo time. Fourth Quarter Results Adjusted revenues were $225.4 million in Q4 2024 compared to $264.7 […]

Scatec has sold its 51 percent stake in the African hydropower projects it has joint-ventured with Norfund and British International Investment (BII) to TotalEnergies. This is in line with the company’s strategy regarding the stock exchange notice on 30 July 2024. The transaction was closed at an agreed sales price of USD 167 million, based […]

Chevron Corporation disclosed major senior management changes as part of the company’s efforts to simplify its organizational structure, execute faster and more effectively, and be positioned for stronger long-term competitiveness. The company’s Oil, Products & Gas organization will be consolidated into two segments: Upstream and Downstream, Midstream & Chemicals. Mark Nelson will continue to lead […]

Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc, have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell’s working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, following an agreement […]

Black Gold Exploration (BGX) announced that drilling has commenced on the Fritz 2-30 oil and gas well in Clay County, Indiana. Earlier this month, BGX acquired a 10% working interest in the Well and an option to participate in any offset developmental wells in a 210-acre area of mutual interest from the operator, Adler Energy, […]

United Energy Group Limited (UEG) and Apex International Energy have disclosed the signing of a sale and purchase agreement under which Apex’s upstream oil and gas exploration and production operations in Egypt will be acquired by United Energy (MENA) Limited as the buyer, with Kuwait Energy Plc as the guarantor. Both the buyer and the […]

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has sealed a partnership with Dangote Group and MRS Holdings to enhance the efficiency of petroleum product distribution across the country. The Association, in a statement signed by its National Public Relations Officer (PRO), Dr Joseph Obele, said the partnership will enable Nigerians to get the […]

Technology group Wärtsilä has renewed its Operation & Maintenance (O&M) Agreement with Indian energy company Caparo Power Ltd (CPL). This marks the second extension of the original agreement, which was signed in 2010 after the commissioning of CPL power plant in Bawal, Haryana, India. The latest renewal was booked in Q4 2024 and will remain […]

Strohm, the world’s first and leading provider of Thermoplastic Composite Pipes (TCP), launches TCP DesignerTM, its new web-based tool developed to help companies design and engineer thermoplastic composite pipes for their projects. TCP DesignerTM helps users ensure their piping systems meet critical requirements for water depth, pressure, temperature, and means of installation – all in […]