With this agreement, the companies will have a joint turnover of close to $2 billion
oil and gas
Posted inNews
HSBC to stop financing new oil and gas projects
HSBC will stop financing new oil and gas fields as well as coal projects as part of its efforts to drive down global greenhouse gas emissions, the British financial services company has announced. HSBC said it would reject prospective oil and gas companies if more than 10% of their planned capital spending was dedicated to […]
Posted inNews
ADNOC Drilling reports $568 million profits driven by rig fleet expansion
The fleet utilisation supports the company’s nine-month revenue growth to reach $1.94 billion
Posted inNews
Eni, TotalEnergies to launch offshore exploration following Israel-Lebanon agreement
In Lebanon, TotalEnergies is the operator of the exploration Block 9 alongside its partner Eni
Posted inNews
Wildly diverging paths ahead for oil and gas markets
With an expected demand surge in China, COP27 in Egypt, and the next OPEC meeting in December, the near-term uncertainty of oil and gas markets makes it incredibly difficult to think further out
Posted inExploration & Production
India eyes major oil and gas boost; offers 26 blocks in mega offshore bid
The Directorate General of Hydrocarbons (DGH), India’s upstream regulator, said earlier this week that India will offer 26 blocks or areas for finding and producing oil and gas in a mega offshore bid round. At the same time, India is also offering 16 areas for prospecting for coal-bed methane in a separate bidding round. “Government […]
Posted inNews
OPEC+ decides to slash oil output, defying US pleas
OPEC’s decision comes at a time when much of the world is already battling soaring energy costs
Posted inExploration & Production
Invictus Energy to begin drilling first exploration well in Zimbabwe
The Mukuyu-1 will test one of the largest prospects to be drilled globally in 2022
Posted inNews
Moving away from oil and gas without alternatives can put economies at risk, Al Jaber says
Policies aimed at divesting from hydrocarbons too soon, without adequate viable alternatives, are self-defeating, Al Jaber said
Posted inEPC Contracts, Exploration & Production
Saipem wins three new EPC contracts for $900 million in Angola
Saipem will handle the project’s EPC work including hook-up and commissioning assistance
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