Rex International Holding Ltd, together with its subsidiaries, is pleased to announce that its subsidiary, Jasmine Energy Ltd (JEL), has successfully raised US$25 million in senior secured bonds with a three-year tenor.
Aker BP and operator Equinor have made a significant gas and condensate discovery in the Lofn and Langemann wells in the Sleipner area of the North Sea. Gross recoverable volumes are estimated at 30 to 110 million boe.
These are Equinor’s largest discoveries so far this year and can be developed for the European market through existing infrastructure.
If African nations can collectively support upstream scalability, midstream connectivity, and downstream certainty, gas production will not merely surge – it will transform the entire continent for the better.
New US$27 million EPCI contract with Equinor in the Norwegian North Sea.
With reserves of 36 million bbls of oil, Verdande helps extend Norne’s production beyond 2030.
Regional leaders will examine grid integration, regulatory reforms and investment opportunities shaping West Africa’s evolving power market.
The Edvard Grieg field celebrates ten years of production and introduces a new area name: Eiga.
Hunting PLC, the precision engineering group, today announces that Hunting Energy Services Production Technology, Inc., Hunting’s recently acquired business which aims to optimise oil reservoir performance and recovery rates, has secured its first sampling and testing contract award in Brazil.
Seatrium Limited has been awarded a contract from bp for the engineering, procurement, construction and onshore commissioning of the Tiber Floating Production Unit (FPU) project in the Gulf of Mexico.
Norwegian Ocean services provider DeepOcean is close to finishing a contract from TotalEnergies involving the disconnection and towing of the Gryphon Alpha floating production storage and offloading (FPSO) unit, along with the removal of related subsea infrastructure.
Equinor CEO Anders Opedal said the move aligns with expectations of continued global demand for fossil fuels.
The International Gas Union (IGU) and Hawilti, supported by Africa Finance Corp., have released the second edition (2025) of Gas for Africa Report.
The company is addressing outstanding issues including securing payment mechanisms for gas sales and an updated plan of development for the Jubilee oilfield.
The project is located within the Kepala Burung production sharing contract (PSC), specifically in the Arar block, approximately 23km east of the company’s existing Arar production cluster.