Energean has acquired majority equity stakes in two fields in the south of the UK North Sea, Tors and Wenlock fields with 68% and 80% respectively. This came as part of the 2020 landmark acquisition of Edison Exploration and Production SpA.
Baker Hughes, a leading energy technology company, has announced that it has secured a contract set for the first quarter of 2024 from Snam, Europe’s premier operator in natural gas transportation, storage, and regasification.
SLB and oil field services company, ChampionX Corporation have entered a definitive agreement for SLB to acquire ChampionX in an all-stock transaction, approved by ChampionX's board of directors.
Aramco has awarded engineering, procurement, and construction (EPC) contracts totaling $7.7 billion for a substantial expansion of the Fadhili Gas Plant in Saudi Arabia's Eastern Province. The contracts aim to boost the plant's processing capacity from 2.5 to 4 billion standard cubic feet per day (bscf/d).
APA Corporation has concluded the acquisition of Callon Petroleum Company following shareholder approval at meetings held on March 27, 2024.
Petronas, through its subsidiary Petronas CCS Solutions Sdn Bhd (PCCSS), has signed a joint study agreement (JSA) with JERA Co., Inc to evaluate the feasibility of an entire carbon capture and storage (CCS) value chain.
Abu Dhabi National Oil Company (ADNOC) has announced the start of crude oil production from its Belbazem offshore block set to ramp up to 45,000 barrels per day (bbl/d) of light crude and 27 million standard cubic feet per day (mmscfd) of associated gas, contributing to ADNOC’s target of reaching 5 million bbl/d by 2027 and enabling UAE gas self-sufficiency for the UAE.
UAE's Upper Zakum crude oil exports fell in March after ADNOC diverted supply to its own refinery and boosted shipments of Murban oil, according to Reuters.
SLB announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.
Iraq has recorded an increase in national gas investment, exceeding 1,916 million standard cubic feet (mscf/d) per day.
