Stay up to date with the latest news and updates from the oil industry.
Tenaz Energy has entered into an agreement with Nederlandse Aardolie Maatschappij B.V., a 50/50 joint venture between Shell PLC and ExxonMobil Corporation, to acquire all of the issued and outstanding shares of NAM Offshore B.V. for base consideration of €165 million (US$246 million), prior to closing adjustments and contingent payments.
According to Wood Mackenzie, international M&A spend from NOCs has collapsed from over US$30 billion per year (2009 – 2013) to less than US$5 billion (2019 - 2023).
The company has announced an extension of its deepwater Ocean Bottom Node (OBN) data acquisition campaign in West Africa.
BW Energy has signed a letter agreement to acquire shares in Reconnaissance Energy Africa and 20% interest in onshore exploration license PEL 73 in Namibia.
The company has announced a positive drilling update in respect of the Andrews 2-17 well, located in Seminole County, Oklahoma, United States, in which Union Jack holds a 45% working interest.
TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.
The company has announced that the total number of serious incidents and injuries per million hours worked has never been lower than at the end of the second quarter.
Trillion Energy International has provided an operational update for the SASB gas field well intervention programme.
Perenco Cameroon has announced the launch of the Perenco Group's first gas-to-industry supply project in Central Africa with delivery of gas from the Bipaga Gas Processing Centre, operated by Perenco Cameroon, to the ceramic manufacturing plant of Keda Ceramics.
North Sea operators must take action on well decommissioning to support the UK’s supply chain, clean up their oil and gas legacy and stop costs spiralling, the industry regulator has warned.
Longboat Energy has announced that it has completed the sale of its 50.1% holding in Longboat Japex Norge AS to its joint venture partner Japan Petroleum Exploration Co. Ltd.
PTTEP has developed the marine science data platform called PTTEP Ocean Data Platform to collect marine science data, marks Thailand’s first time of using offshore petroleum platform as data collection station.