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Enersol to Acquire Leading Downhole Visualization Company, EV Holdings
August 26, 2024
ADNOC Drilling Company and Alpha Dhabi Holding said their joint venture Enersol has agreed to acquire a 100 percent equity stake in EV. With corporate headquarters in the United States, EV is a leading global provider of vision-based diagnostics and
Eni Starts Gas Production from Argo Cassiopea Field, Strait of Sicily
August 21, 2024
Eni has started gas production from the Argo Cassiopea field, the most important gas development project in Italy. The gas, coming from one of the four subsea wells drilled in recent months in the Strait of Sicily, has been transported
BW LPG Acquires Very Large Gas Carriers from Avance Gas for $1 Billion
August 20, 2024
BW LPG Limited has entered into agreements to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd. The acquisition fleet comprises four 91K CBM dual fuel VLGCs, of which two are 2022-built and two are 2023-built,
SK Innovation and SK E&S to Merge, Create $72 Billion Asset Energy Company
August 16, 2024
South Korean oil refining company SK Innovation and energy affiliate SK E&S have agreed to merge their operations, forming an energy company with assets totaling $72.5 billion. This move is said to position the combined entity as the largest private
TotalEnergies Acquires West Burton Energy’s UK Gas-fired Power Plant for $575 Million
August 15, 2024
In line with its development as an integrated electricity player, TotalEnergies has signed an agreement with EIG for the acquisition of all the shares of West Burton Energy for an enterprise value of $575 million (£450 million). West Burton Energy
ADNOC Finalizes FID for Ruwais LNG Export Terminal, Awards $5.5 Billion EPC Contracts
August 14, 2024
Abu Dhabi National Oil Company (ADNOC) has taken the final investment decision (FID) for a new LNG export terminal in Al Ruwais, Abu Dhabi. The state-backed oil and gas company has also awarded a $5.5 billion (Dh$20.2 billion) engineering, procurement,
Doris Group Awarded FEED Contract for Zama Project, Offshore Mexico
August 13, 2024
The Zama Unit partners Wintershall Dea, Pemex (operator), Talos Energy, and Harbour Energy have awarded the front-end engineering and design contract (FEED) for the development of the world-class Zama oil field to the French engineering company DORIS. “Zama is currently
Woodside Energy Achieves First Oil at Sangomar Oil Field, Offshore Senegal
August 12, 2024
Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project. The Sangomar field development phase 1 is a deepwater project including a stand-alone floating production storage and offloading
TotalEnergies to Sell Its Stake in Total PARCO Pakistan Limited to Gunvor Group
August 9, 2024
TotalEnergies has signed an agreement to sell its 50 percent stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group, a leading global commodities trading company. The transaction reflects the selective strategy of TotalEnergies in marketing and services focused on
BP Acquires GETEC ENERGIE to Bolster Its Position in Europe
August 8, 2024
bp has completed its acquisition of GETEC ENERGIE, a leading supplier of energy to commercial and industrial (C&I) customers in Germany. The agreement for this deal was announced in January 2024. The acquisition of GETEC ENERGIE will accelerate the growth
