L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global player in engineering, digital, and R&D services, has announced a significant long-term framework agreement with Shell, one of the world’s foremost energy companies. This multi-year deal will see L&T Technology Services provide a range of services, including Integrated Engineering and Procurement Services, Digital Engineering […]
TotalEnergies has announced it will sell its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group, a leading global commodities trading company. This significant transaction reflects TotalEnergies’ ongoing strategy to refine its portfolio by focusing on core geographies with substantial growth and transition opportunities. Details of the Strategic Sale TotalEnergies’ decision to sell […]
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC have jointly announced that their collaborative venture, Enersol, will acquire a 51% equity stake in NTS AMEGA for approximately $58 million, positioning Enersol as the majority stakeholder. The transaction, initially mirrored by Alpha Dhabi’s October 2023 investment in NTS, is pending regulatory approval and customary closing […]
ADNOC Gas plc has unveiled major enhancements to the UAE’s gas pipeline infrastructure through the ESTIDAMA Project, marking a significant stride in the region’s energy sector. The company announced the award of engineering, procurement, and construction (EPC) contracts totaling $550 million (AED 2 billion) to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates, […]
Eni has made a significant new oil and gas discovery at the Yopaat-1 EXP exploration well in Block 9, located about 63 kilometers off the coast in the mid-deep waters of the Cuenca Salina in the Sureste Basin, offshore Mexico. Preliminary estimates suggest that the discovery contains potential reserves of around 300-400 million barrels of […]
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has completed the sale of its Danish subsidiary, Babcock & Wilcox Renewable Service A/S (BWRS), to Hitachi Zosen Inova AG (HZI) based in Zurich, Switzerland. The transaction, finalized on June 28, 2024, was valued at $87 million, subject to customary fees and adjustments. BWRS, a key player […]
Coal India Limited (CIL) has surpassed its production targets for the first quarter of FY 2025, achieving a notable increase in coal output and meeting robust energy demands. The state-owned enterprise reported a production of 189.3 million tonnes (MTs) in Q1, marking a nearly 8% growth over the 175.5 MTs produced during the same period […]
SM Energy and Northern Oil and Gas (NOG) have entered into a significant agreement to acquire oil and gas assets in the Uinta Basin, Utah, from XCL Resources in a combined transaction valued at $2.55 billion. The deal involves the acquisition of assets owned by entities affiliated with XCL Resources, a private firm supported by […]
Oil India Limited, recently designated a Maharatna CPSE by the Government of India, unveiled its financial results for FY 2023-24 during the 554th meeting of the Board of Directors on May 20, 2024. Demonstrating robust operating performance, the company achieved its highest ever oil and oil equivalent gas (O+OEG) production of 6.54 MMTOE. This stellar […]
CNOOC Limited has announced the commencement of production at the Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project, marking a significant advancement in its operations. Located in the central Bohai Sea with an average water depth of about 23 meters, this project plays a critical role in the company’s expansion strategy. The […]