Shell today set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its expectation that […]

Tullow Oil plc (Tullow) is pleased to announce that it has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon (the Dussafu Transaction). Rahul Dhir, Chief Executive Officer of Tullow, and Les Wood, Chief Financial Officer, will […]

Sapura Energy Berhad (Sapura Energy), a leading global integrated oil and gas services and solutions provider, has announced recent contract wins in its Engineering and Construction (E&C) and Drilling divisions, with a combined value of approximately RM1.85 billion. The awards include the Purchase Order 59 (CRPO 59) contract from the Saudi Arabian Oil Company (Saudi […]

Bangkok, February 10, 2021 – PTT Exploration and Production Public Company Limited (PTTEP), through a wholly-owned subsidiary PTTEP HK Offshore Limited (Malaysia Branch) or PTTEP HKO, successfully completed the Lang Lebah-2 appraisal well in the Sarawak SK 410B Project. The drilling result registers a new record for PTTEP’s largest gas discovery. Mr. Phongsthorn Thavisin, PTTEP Chief […]

Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets […]

Qatar Petroleum has taken the final investment decision for developing the North Field East Project (NFE), the world’s largest LNG project, which will raise Qatar’s LNG production capacity from 77 million tons per annum (MMTPA) to 110 MMTPA. In addition to LNG, the project will produce condensate, LPG, ethane, sulfur and helium. It is expected […]

Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea. The contract is expected to commence in June 2021, in direct continuation of the rig’s previous work scope, with an estimated duration of 45 days. […]

The Abu Dhabi National Oil Company (ADNOC) has announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Abu Dhabi’s newly formed Supreme Council for […]

Siemens Energy was selected to supply new electric motor driven compressors for Saudi Aramco’s Tanajib Plant facilities. The company received the order from the Spanish engineering and construction company, Técnicas Reunidas, who was awarded the engineering, procurement, and construction (EPC) contract for the Marjan Onshore Packages 9 and 11 projects last year.  Saudi Aramco has awarded […]

Siemens Energy and Air Liquide have signed a Memorandum of Understanding with the objective to combine their expertise in PEM (Proton Exchange Membrane) electrolysis technology. They intend to focus their activities on these key areas: co-creation of large industrial-scale hydrogen projects in collaboration with customers, laying the ground for mass manufacturing of electrolyzers in Europe, […]