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EXIM Bank Approves $4.7 Billion Loan for TotalEnergies Mozambique LNG Project
April 11, 2025
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies. The Export-Import Bank had previously
Equinor Starts Production at Halten East Development in Norwegian Sea, Norway
April 2, 2025
Equinor has started production at the Halten East development in the Norwegian Sea, two years following approval from Norwegian authorities. “We are starting up Halten East at a time where piped gas from Norway is in high demand and important
DNO to Acquire Sval Energi for $450 Million
March 11, 2025
DNO ASA, the Norwegian oil and gas operator, has reached agreement to acquire 100 percent of the shares of Sval Energi Group from HitecVision for a cash consideration of $450 million. “This is a rare opportunity to acquire a portfolio
Vaalco Acquires 70% Interest in Offshore Côte D’Ivoire Block, Becomes Operator, Africa
March 10, 2025
Vaalco Energy has farmed into the CI-705 block offshore Côte d’Ivoire. Vaalco will become operator of the block with a 70 percent working interest and a 100 percent paying interest though a commercial carry arrangement and is partnering with Ivory
SLB Awarded Multi-region Deepwater Contracts by Shell to Support Energy Development
February 24, 2025
Global energy technology company SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico, and
SLB Capturi Powers Up Its First Modular Carbon Capture Plant, Netherlands
January 28, 2025
Global energy technology company SLB said its SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric
TotalEnergies to Pay $5 Million to Settle U.S. FERC Natgas Manipulation Case
January 13, 2025
A unit of French energy company TotalEnergies agreed to pay $5 million to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009-2012. The settlement is much smaller than
Kosmos in Talks to Acquire UK’s Tullow Oil in All-Stock Deal
December 13, 2024
U.S. oil and gas company Kosmos Energy is in early talks for an all-share acquisition of Tullow Oil that would create a West Africa-focused producer. The merger of the two heavily indebted firms would be the latest in a recent
Shell and Equinor New JV to Create UK’s Largest Independent Oil and gas Company
December 5, 2024
Equinor UK Ltd and Shell U.K. Limited are to combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer. The incorporated joint venture (IJV) will
GeoPark Signs SPA to Acquire Repsol’s Colombian Assets for $530 Million
December 3, 2024
GeoPark Limited has signed sale and purchase agreements (SPAs) with Repsol to acquire Repsol’s upstream oil and gas assets in Colombia. The potential acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia’s most productive oil
