ConocoPhillips to Acquire Marathon Oil in All Stock Transaction Valued at $22.5B
US energy sector ConocoPhillips has stated it has reached an agreement to acquire Marathon Oil in a blockbuster deal valued at $22.5 billion.
News / International
TotalEnergies to Develop Green Hydrogen Project in Tunisia
TotalEnergies, alongside its TH H2 partner and VERBUND, have signed a Memorandum of Understanding (MoU) with Tunisia for the development of a green hydrogen project named H2 Notos. This project aims to export green hydrogen to Central Europe through pipelines.
bp to Cooperate with EOG Resources for Co-Developing Gas Field Offshore Trinidad, Tobago
bp and US shale producer EOG Resources are in talks to cooperate on developing a natural gas field located offshore Trinidad and Tobago, according to Reuters.
Iran Plans to Increase Oil Output to 4 mmbbl/d
Iran is gearing up to increase oil output to four million barrels per day (mmbbl/d), part of an approved plan of an economic council headed by Iran’s interim President Mohammad Mokhber, according to Reuters.
ADES Secures $640M in Onshore Contracts with Kuwait Oil Company
ADES Holding Company, an oil and gas drilling services provider, has been awarded six onshore contracts with Kuwait Oil Company (KOC), totaling SAR 2.42 billion ($640 million).
TotalEnergies Reaches FID for Atapu-2 and Sépia-2 Oil Fields Development Offshore Brazil
TotalEnergies has stated that in cooperation with Petrobras and other key stakeholders in the Atapu and Sépia consortiums, the Final Investment Decision (FID) has been reached for the next phase of development in the Atapu and Sépia oil fields located in the prolific pre-salt Santos Basin, offshore Brazil.
SLB’s OneSubsea Secures Contract for Phase 3, Stage 2 of Equinor’s North Sea Troll Project
SLB's joint venture, OneSubsea™, has secured a long-term contract extension valued at NOK 2 billion from Equinor for Phase 3, Stage 2 of the Troll project in the North Sea.
Equinor to Invest NOK 12M with Partners to Increase Production in Norway Troll West Gas Field Project
Equinor has announced plans to invest over NOK 12 billion along with its partners to further develop the gas infrastructure in the Troll West gas province, to ensure maintaining the current high gas export levels from the Troll and Kollsnes value chain leading up to 2030.
Iran North Refineries Company to Increase Refining Capacities to 584,000 bbl/d
Iran's North Refineries Company has announced plans to increase its refining capacities in addition to developing and modernizing them with the goal of becoming one of the leading international companies in the refinery sector in Iraq and the Middle East, according to Atta Aliwi Hussein Al-Hamdani, the director of the company's project management department.
ADNOC Acquires 10% of Portuguese Galp’s Interest in Area 4 Concession of Rovuma Basin in Mozambique
ADNOC has acquired 10% of Portuguese oil and natural gas company, Galp’s interest in the Area 4 concession of the Rovuma basin in Mozambique, granting the UAE company a share of the liquefied natural gas (LNG) production from the concession, which has a combined production capacity exceeding 25 million tons per annum (mtpa).
