TotalEnergies, a major player in the global energy sector, has announced plans to take complete ownership of SapuraOMV Upstream by purchasing the remaining 50% stake from Sapura Upstream Assets, a subsidiary of Sapura Energy, for $530.3 million. This follows a prior agreement earlier this year where TotalEnergies acquired the other 50% from Austrian oil and […]
Sapura Energy, a Malaysian oil and gas services company, has won three contracts with a total value of 840 million Malaysian Ringgit ($206 million) in South America and Africa. The contracts include a couple of major project wins in South America, and a drilling contract in the Ivory Coast. In South America, Sapura Energy’s subsidiary […]
Dalma Gas Development Project contracts : The Abu Dhabi National Oil Company (ADNOC) has awarded two construction contracts worth over $1.65 billion for the offshore facilities for the Dalma gas project in the Ghasha ultra-sour gas concession in the UAE. The two engineering, procurement and construction contracts (EPC contracts) were given to Petrofac Emirates and […]
SapuraOMV Upstream has started production from the Larak gas field as part of the SK408 gas fields in Malaysian waters off the coast of Sarawak. The Larak gas field development was executed within budget, said SapuraOMV Upstream, which is a partnership between Malaysia’s Sapura Energy and OMV Exploration & Production, a subsidiary of Austrian oil […]