Lamprell shareholder considers offer
A potential offer may be in the offing for Lamprell, which announced recently it was seeking a buyer to help it solve its liquidity issues.
A potential offer may be in the offing for Lamprell, which announced recently it was seeking a buyer to help it solve its liquidity issues.
Shell (LON: SHEL) is set to follow other Western energy majors by taking a stake in a $29 billion project to boost exports of liquefied natural gas from Qatar.
Extracting oil from the ground is a massive logistical undertaking. It requires an army of workers, vehicles and equipment to even get started, let alone produce sustainably and profitably.
Saipem (MI: SPM) has been awarded several contracts, onshore and offshore, in the Middle East worth around $1.2 billion.
At least 13 people have been killed and hundreds of others are reported injured following a toxic gas leak from a storage tank in Jordan.
Lamprell (LON:LAM) faces “urgent and severe liquidity constraints”, the company has admitted, with an immediate need for $75 million, due in June and July this year.
Seadrill (XOAS: SDRL) has been awarded a series of contract extensions for a trio of oil rigs in the Arabian Gulf.
ExxonMobil is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni.
China’s energy majors are in advanced discussions to invest billions of dollars in Qatar’s massive liquefied natural gas (LNG) expansion project.
ADNOC has awarded a $173 million EPC contract to unlock further production at the Asab oilfield.
ADNOC has hailed a “tartan” energy revolution in Aberdeen while seeking supply chain partners for a $5bn opportunity in Abu Dhabi.
Saudi Aramco has extended its contract with Shelf Drilling for a jack-up rig in the Arabian Gulf.
TotalEnergies has won a 25% stake in the North Field East (NFE) LNG project, from QatarEnergy (QE).
Kuwait has started up its giant Al-Zour refinery, Kpler has reported IIR Energy as saying. One crude distillation unit (CDU) at the 615,000 barrel per day plant started up a few days ago, it said.
Genel Energy CEO Bill Higgs is stepping down with immediate effect after a vote went against him at the recent AGM.
Israel has begun preparations for a fourth offshore bid round (OBR 4), even while still waiting for the closing results of its third round.
The Israeli government has stepped in to warn off Hezbollah and Lebanon from interfering with the recently arrived Energean Power FPSO, on the Karish field.
NYSE-listed International Seaways has completed the sale of a 50% stake in two FSOs in Qatar to Euronav.
ExxonMobil and TotalEnergies are among a group of Western energy companies poised to win stakes in a multibillion dollar project to boost Qatar’s gas exports, people with knowledge of the matter said.
Aberdeen-headquartered Norwell Engineering has secured a multi-million dollar contract for work in the United Arab Emirates (UAE).
Adnoc has strengthened its low-carbon ties with Japan, signing deals on blue hydrogen and ammonia, during a three-day visit.
A British former oil and gas geologist has been sentenced by an Iraqi court to 15 years in prison after being convicted of attempting to smuggle artefacts out of the country.
Saipem’s Castoro 10 has crossed through the Dardanelles to begin work laying pipelines for Turkey’s Sakarya field, aiming for first gas in the first quarter of 2023.
Energean’s FPSO has arrived offshore Israel, aiming to begin producing from the Karish field in the third quarter.
McDermott International has won one of its largest ever front-end engineering and design (FEED) studies for an oilfield offshore Qatar.