E&P Highlights: Jan. 12, 2024
Here’s a roundup of the latest E&P headlines, including an SLB-Nabors collaboration and new contract awards.
TotalEnergies Ups Stake in Two Blocks Offshore Namibia
TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
Vopak Consortium Selected to Operate New LNG Terminal in South Africa
Vopak, in a partnership with Transnet Pipelines, was selected to develop and operate an LNG terminal at the Port of Richards Bay in South Africa for 25 years.
Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs
Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.
Energy Transition in Motion (Week of Jan. 5, 2024)
Here is a look at some of this week’s renewable energy news, including a step forward for BP’s efforts to transform an old oil refinery into a biofuel facility.
Eni Introduces Gas into Republic of Congo’s Tango FLNG Facility
Eni made a final investment decision for the offshore Tango FLNG facility 12 months ago.
Angola Leaves OPEC, in Blow to Producer Group
Angola, which joined OPEC in 2007, produces about 1.1 MMbbl/d, compared with 28 MMbbl/d for the whole group.
Harbour to Buy Wintershall Dea’s Global Upstream Assets for $11.2B
Harbour Energy reached an agreement with Wintershall Dea shareholders BASF and LetterOne to buy its upstream assets in Europe, South America, North America and Africa.
ACWA, Egypt Ink $4B Hydrogen Deal
ACWA Power and Egypt’s framework agreement lays out plans to develop a green ammonia project and a larger green hydrogen project.
Oil Jumps More than 3% on Red Sea Tanker Attack, Reroutings
A Norwegian-owned vessel was attacked in the Red Sea on Dec. 18, causing shipping firms to avoid the route.