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Energean Makes FID on Its Katlan Development Project, Offshore Israel
July 24, 2024
Energean has taken final investment decision (FID) for the Katlan development project in Israel. The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO. The development will extend the production
TechnipFMC Wins iEPCI Contract for Energean’s Katlan Project, Offshore Israel
July 22, 2024
TechnipFMC has been awarded a large integrated engineering, procurement, construction, and installation (iEPCI) contract by Energean for its Katlan development in the Mediterranean Sea. This is Energean’s first project to use TechnipFMC’s configure-to-order Subsea 2.0® production systems. “Combining iFEED® to
Enersol to Acquire 51% Stake in NTS AMEGA for $58 Million
July 19, 2024
Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, has agreed to acquire a 51 percent stake in NTS AMEGA for $58 million. The transaction, which excludes transaction fees, expenses, and completion adjustments, positions Enersol as the majority equity
Shell Boosts LNG Business with Manatee Project FID in Trinidad and Tobago
July 12, 2024
Shell Trinidad and Tobago Ltd. (Shell), a subsidiary of Shell, said it has taken final investment decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago. Manatee will allow
Wood Awarded Concept Study for Greater Sunrise Development, Australia
July 10, 2024
Wood said it has been selected as the lead specialist consultant for an independent study for the Sunrise Joint Venture’s (SJV) Greater Sunrise Development. Wood will deliver a comprehensive concept study for the Greater Sunrise Development, considering engineering, technology, financing,
U.S., EU Lawmakers Seek International Methane Standard for Oil and Gas
July 10, 2024
A group of European Union and U.S. Democrat lawmakers has asked the International Energy Agency to develop international standards for measuring the oil and gas sector’s emissions of methane, to help countries adopt tougher measures targeting the potent greenhouse gas,
Happy 4th of July!
July 4, 2024
Happy 4th of July! May this day bring happiness to your hearts as we honor our heroes who fought tirelessly for our freedom. Today, we reflect on the progress we’ve made and the journey that lies ahead. Together, let’s continue
BP to Acquire Bunge’s Stake in Brazilian Biofuels JV for $1.4 Billion
July 1, 2024
bp has agreed to acquire Bunge’s 50 percent holding interest in its bp Bunge Bioenergia joint venture, one of Brazil’s leading biofuels-producing companies. Upon completion, bp will become sole owner of the industrial scale sugarcane and ethanol business, enabling bp
TotalEnergies Acquires Offshore Exploration License, Sao Tome and Principe
June 27, 2024
TotalEnergies has signed an agreement to acquire a 60 percent interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest will be held by
Baker Hughes Achieves New Hydrogen Milestones to Accelerate Transition to Hydrogen Economy
June 26, 2024
Baker Hughes said it has reached several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy. The milestones were announced during the 24th Baker Hughes Annual Meeting held in Florence,
