Energy

Qatar to quit OPEC by 2019
Energy

Qatar to quit OPEC by 2019

Qatar said it will be quitting the Organization of Petroleum Exporting Countries (OPEC) by January 2019. The planned withdrawal is a sign that its row with Saudi Arabia and other Gulf countries has further escalated. OPEC is a group consisting of 12 of the world’s major oil-exporting nations. OPEC was […]

Total acquires Brazil’s Zema Petróleo
Energy

Total acquires Brazil’s Zema Petróleo

Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo. Zema Petróleo is Grupo Zema reseller and retailer unit Zema Diesel as well as its importation company Zema Importacao. Zema Petróleo currently manages an extensive branded network of 280 dealer-operated service […]

Total, Exxon sign Papua New Guinea LNG project
Energy

Total, Exxon sign Papua New Guinea LNG project

French oil giant, Total, ExxonMobil and Oil Search have signed a Memorandum of Understanding with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby, in […]

Equinor acquires 9.7% stake in Scatec Solar
Energy

Equinor acquires 9.7% stake in Scatec Solar

Norway’s Equinor ASA has acquired 11,020,000 shares in Scatec Solar ASA. The stake acquired corresponds to 9.7 per cent of the shares and votes, at a total purchase price of approximately NOK 700 million (USD 82.4 million1). “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing […]

Eni signs Ghasha gas concession with ADNOC
Energy

Eni signs Ghasha gas concession with ADNOC

Italy’s Eni and the Abu Dhabi National Oil Company (ADNOC) have signed a concession agreement to award Eni a 25 percent stake in ADNOC’s mega offshore gas project. Eni said in a statement that the Ghasha Concession, which has a term of 40 years, consists of the Hail, Ghasha, Dalma […]

Halliburton appoints Lance Loeffler as Chief Financial Officer
Energy

Halliburton appoints Lance Loeffler as Chief Financial Officer

One of the world’s largest oilfield serving companies, Halliburton Company, has appointed Lance Loeffler Chief Financial Officer. The company said in a statement that Mr. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. […]

Total and Abu Dhabi National Oil enters gas JV
Energy

Total and Abu Dhabi National Oil enters gas JV

Total and Abu Dhabi National Oil Company have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi. The concession allows for two exploration and […]

BP acquires BHP US assets
Energy

BP acquires BHP US assets

BP said it has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets. The deal will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – which was announced in July and closed as scheduled on October 31– adds oil and gas […]