QatarEnergy has signed a Production Sharing Agreement for shallow-water Block S4 offshore the Cooperative Republic of Guyana. The block was awarded through the 2022 Guyana Licensing Round.
The Egyptian Information Technology Industry Development Agency (ITIDA) has announced the signing of 55 strategic agreements with leading multinational and local technology companies in offshoring and IT-enabled services, including Accenture, Deloitte, RSA and Capgemini.
NMDC Energy has signed a strategic MoU with Baker Hughes in Saudi Arabia to explore opportunities for localising key products and solutions. This collaboration aims to enhance service delivery in energy markets across the Middle East, North Africa, Türkiye, and India.
Eni North Africa, the Italian energy company, has resumed its exploration activities in the offshore area northwest of Libya, specifically in Block 16/4, after a hiatus of more than five years.
The Government of Grenada has formally proposed the establishment of a trilateral oil and gas coordination commission involving Venezuela and Saint Vincent and the Grenadines, as part of efforts to delimit maritime boundaries and develop its nascent offshore hydrocarbon industry.
QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40 per cent participating interest in the North Rafah exploration block offshore the Arab Republic of Egypt.
Equinor and its partners ExxonMobil Brasil, Petrogal Brasil (JV Galp|Sinopec) and Pré-sal Petróleo (PPSA) achieved start-up of production from the large Bacalhau field in Brazil. With recoverable reserves exceeding 1 billion barrels of oil equivalent (boe), Bacalhau is the largest international offshore field ever developed by Equinor.
Shell Nigeria Exploration and Production Company (SNEPCo) and Sunlink Energies have finalised investment in the HI gas project offshore Nigeria. The project will supply 350 million standard cubic feet of gas daily at peak production to Nigeria LNG, enhancing global liquefied natural gas exports.
Abu Dhabi National Oil Company (Adnoc) has announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project located offshore of UAE capital. The development will deliver 200 million standard cubic feet per day (scfd) of gas before the end of the decade.
Saudi Steel Pipe Company said its key subsidiary has secured a major contract from Subsea Seven (SS7), a global leader in offshore energy engineering and construction, to supply its specialised line pipes for one of their offshore projects. The entire delivery work will be completed in 11 months.
