Eni closes agreement with partners for restart of Damietta liquefied natural gas plant in Egypt and amicable settlement of Union Fenosa Gas disputes
Author Archives: Staff Writer
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Oil stable after Tuesday’s dip, waiting for official US stocks data
Oil prices are largely stable today after Tuesday’s decline, waiting for a direction to form after official US stocks data get published
Shell inks deal to sell onshore upstream interests in Egypt
The deal has a base consideration of $646 million
ADNOC LNG awards rejuvenation FEED contract to Worley
Rejuvenation to extend life cycle of two LNG trains located in ADNOC LNG’s Das Island facilities
Offshore project commitments count set for record in coming years, deepwater to have top growth
Deepwater commitments will enjoy the largest growth as their cost has now become much more competitive against greenfield continental shelf reserves
Emerson Launches a Complete Suite of Digital Solutions for Operators Monitoring Corrosion and Erosion
Operators can drive plants to their maximum capability and avoid costly incidents with a fully integrated corrosion and erosion monitoring suite of software and service solutions
Saudi PIF’s Innovative Energy to take ADES International private
Innovative Energy is jointly owned by Saudi Arabia’s PIF, ADES Investments, and Zamil Investments
ENOC Group achieves $23.66mn in cumulative savings through innovation programme
Savings from employee ideas implemented for ENOC in 2020 more than doubled since 2019
Middle East and Africa’s oil and gas industry saw a rise of 6.45% in cross border deal activity in Q4-2020
In terms of value of cross border deals, M&A was the leading category in Israel’s oil & gas industry with $1.44bn
McDermott exercises minority investment option in Lummus Technology
Lummus Technology was a former subsidiary of McDermott, which it sold as part of its restructuring process