Energy

Italy’s Eni’s Versalis enters JV with Mazrui Energy on chemical production
Energy

Italy’s Eni’s Versalis enters JV with Mazrui Energy on chemical production

Italy’s oil major, Eni said Versalis, its wholly-owned subsidiary, alongside Mazrui Energy Services, has signed a Memorandum of Understanding (MoU) that sets forth a game-changing partnership for the local production of innovative production chemicals for the Oil & Gas industry. Versalis offers a comprehensive portfolio of oilfield chemicals that includes […]

Gulfsands wind down operations, exits Morocco
Energy

Gulfsands wind down operations, exits Morocco

Gulfsands said it had decided to pull out of Morocco, as it will no longer pursue the Moulay Bouchta petroleum agreement. The company said it will allow it to focus its management and capital resources in the Levant region. As previously reported on June 21st 2017, the Moulay Bouchta contract […]

Faroe Petroleum eyes USD100 million debt financing
Energy

Faroe Petroleum eyes USD100 million debt financing

Faroe Petroleum plc has revealed that it making preparations for a possible USD100million debt funding. Spurred on by a successful period of exploration and appraisal work the growing offshore oil group is holding meetings with a number of fixed income investors – specifically it has mandated Danske Bank, DNB Markets […]