Rigzone Industry News

Block has designed a multi-stage appraisal and development plan that is being used to facilitate discussions with possible partners.

Akrake Petroleum SA has signed a production sharing contract for operatorship and a 76 percent working interest in Block 1, Sèmè Field in Benin, West Africa.

Upon the completion of the farm-up agreements, SundaGas will retain operatorship and hold a 60 percent working interest in the Chuditch PSC, while Timor Gap will have a 40 percent interest.

Preparations for the repair of the Balticconnector are on schedule to meet the planned recommissioning by April 2024.

TotalEnergies signed a deal to divest a 25.5 percent equity stake in Seagreen to Thailand's PTTEP for $689 million.

Adani Green got board approval to raise as much as $1.12 billion by issuing share warrants to its founders.

Gazprom approved a plan to enhance infrastructure facilities that ensure the accuracy of the measurements of volumes of natural gas being transmitted.

Enauta will acquire the Parque das Conchas stake for $150 million.

Oil posted the biggest weekly gain since October as attacks in the Red Sea forced hundreds of ships to take safer but longer routes, delaying the delivery of oil cargoes.

TotalEnergies and LyondellBasell signed a second offtake agreement raising the Dutch chemical major's solar energy offtake from the French supplier to 358 MW.