Italy’s Eni has signed two concession agreements for the acquisition of stakes in two of Abu Dhabi’s offshore concession areas for a total participation fee of about $875 million and a duration of 40 years.
Italian oil company Eni has agreed to sell to Mubadala Petroleum a 10% stake in the Shorouk concession, offshore Egypt, where Zohr super-giant gas field is located.
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Rowan Companies has reportedly sold one if its jack-up drilling rigs to Advanced Energy Systes (ADES) in Egypt.
EthosEnergy, a service provider to to the power, oil & gas and industrial markets, has opened a new, expanded workshop in the New Industrial Area of Doha.
The international offshore rig count for February 2018 decreased both sequentially and year-over-year, according to a Wednesday report by Baker Hughes, a GE company.
The growing global oil demand will be more than met by the increasing oil production in the U.S. Brazil, Canada and Norway through 2020, however this might change after 2020 due to the lack of investments in the oil and gas industry.
Saudi oil firm Saudi Aramco is looking into the possibility of building a plant for the production of steel plates as part of its efforts to increase the local content in the company’s supply chain.
Merger talks between London-listed Soco International and MENA-focused Kuwait Energy have been terminated.
Ithaca Energy has reduced the size of its board of directors, following a takeover by the Israeli oil and gas company Delek.
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ADNOC has signed an agreement with Japan’s Inpex awarding the company a 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession.
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UK-based offshore drilling giant Ensco, which further expanded its rig fleet through an acquisition of the U.S.-based rival Atwood Oceanics, on Tuesday released its quarterly fleet status report, revealing a number of new contracts and extensions for its fleet.
