Drilling Starts on Ofelia Appraisal Well in Norwegian North Sea
Neptune Energy, an independent global E&P company, announced the commencement of drilling on the Ofelia appraisal well in the Norwegian sector of the North Sea.
News / International
Dana Gas Appoints New Member in Board of Directors
Dana Gas PJSC, Middle East’s first and largest regional private sector natural gas Company, announced the appointment of Ahmed Abdulhamid Alahmadi as a new member of the Company's Board of Directors, effective immediately. This appointment follows the resignation of Jassim Alseddiqi from the Board.
India Invites TotalEnergies to Bid for Oil Exploration Rights
India’s Oil Minister Hardeep Singh Puri met with TotalEnergies CEO Patrick Pouyanne in Abu Dhabi and invited him to bid for exploration rights to one million square kilometers of blocks across the country that have been opened by Prime Minister Narendra Modi's government.
Baker Hughes Awarded Major Contract for LNG System, Power Island
Baker Hughes, an international energy technology company, announced that it has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and power island.
OPEC SG Urges Increase in Oil Production Due to Optimistic Demand Outlook
OPEC Secretary General Haitham Al Ghais stated that OPEC is optimistic about demand and asserts the necessity to increase production, Reuters reported.
Italy’s Enel Sells 50% of its Australia Green Business to INPEX
Italy’s Enel, through its subsidiary Enel Green Power (EGP), announced that it completed the sale of a 50% stake in Enel Green Power Australia Pty Ltd and Enel Green Power Australia Trust (collectively known as Enel Green Power Australia or EGPA) to Japan’s INPEX Corporation.
SLB, Aker Solutions, Subsea7 Finalize Joint Venture to Drive Subsea Production Innovation
In a significant development for the subsea production industry, SLB, Aker Solutions, and Subsea7 have announced the final closing of their joint venture.
EU Initiates World’s First Carbon Border Tariff
The European Union (EU) initiated the first phase of the Carbon Border Adjustment Mechanism (CBAM), which is the world's first system to impose CO2 emissions tariffs on imported goods such as steel, cement, and other products as EU tries to stop more polluting foreign products from undermining its green transition.
Uganda’s Tilenga, Kingfisher Oil Projects in Progress
Uganda's Tilenga and Kingfisher petroleum projects, along with a pipeline to transport their oil to Tanzania for export, are progressing smoothly and are expected to commence production by 2025, according to Proscovia Nabbanja, the CEO of Uganda National Oil Co.
Baker Hughes Awards Two Contracts from Vår Energi
Baker Hughes announced that it has awarded two contracts for supplying technology from Vår Energi which expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.
