Lukoil had agreed to sell most of its foreign assets, estimated to be worth around $22 billion, to U.S. private equity firm Carlyle Group pending approval from the U.S. government, Russia's No. 2 oil producer said on Thursday.Under U.S. sanctions because of Russia's actions in Ukraine, the U.S. Treasury had given Lukoil until February 28 to sell its global portfolio.The sale, if it goes through, would end the foreign expansion of Lukoil…
Japan’s largest power generation company JERA has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with QatarEnergy to secure the supply of 3.0 million tonnes per annum (MTPA) for 27 years, with deliveries expected to commence in 2028…
Rovtech has signed a strategic collaboration agreement with Unique Group to expand sales, service and support for its VALOR remotely operated vehicle (ROV) systems in the Middle East and Asia Pacific.Under the agreement, Unique Group will promote…
KESTO, a joint venture between Denmark’s ESVAGT and South Korea’s KMC Line, has secured its first contracts to provide offshore service logistics for Vestas at the Shinan-Ui offshore wind farm in South Korea.From 2028 and for a minimum period of 10 years…
Singaporean shipbuilder Strategic Marine has delivered a 27-meter crew transfer vessel (CTV) to a Taiwanese company for offshore wind operations in Taiwan.The vessel is based on Strategic Marine’s StratCat 27 design, which was developed in collaboration with BMT…
Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporation Chairman Massoud Suleman said on Tuesday.The country plans to increase gas production…
French Finance Minister Roland Lescure called a draft law proposing to allow offshore oil and gas exploration in its overseas territories 'anachronistic' during a debate in the country's Senate on Thursday.In a world first, France banned new oil and gas exploration and production licenses in 2017…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has received a variation order from a major national oil company in the Middle East extending an existing contract for two of its jack-up support vessels…
Tanzania expects to sign before June a deal for its stalled project to construct a $42 billion liquefied natural gas (LNG) plant, a senior government minister said on Monday, with production set to start in eight years' time.Equinor and Shell are joint operators of the mega gas project…
Australian Prime Minister Anthony Albanese and his East Timor counterpart, Xanana Gusmao, on Wednesday said the Greater Sunrise gas project should be developed 'as soon as possible', with Australia pledging a third of its state revenue to its small neighbor…
Nam Cheong Limited, one of Southeast Asia’s leading Offshore Support Vessel (OSV) providers based in Sarawak, Malaysia, has announced that the Group has entered into a sales agreement with an Indonesian customer to sell one 11-year-old 3,000…
Japan’s largest power generator JERA has received the first liquefied natural gas (LNG) cargo from the Barossa Gas Project in Australia, marking the start of shipments from the project after production commissioning began last year.The Barossa project…
Offshore drilling contractor Noble Corporation has secured new contract awards for nine rigs totaling about $1.3 billion in backlog, including a three-year deal that marks its entry into Norway’s harsh-environment floater market.The largest…
McDermott has been awarded a major contract, worth between $750 million and $1 billion, by ADNOC for engineering, procurement, construction and installation (EPCI) services for the Nasr-115 Expansion Project.The project is located approximately…
Nigerian President Bola Tinubu has approved 'targeted, investment-linked' incentives for Shell's Bonga South West deepwater oil project following a meeting with the company's CEO, Tinubu's office said.The proposed incentives are the latest in…
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