Africa
Infrastructure , International , Natural Gas , Crude Oil , Liquefied Natural Gas (LNG)
South Africa’s Economic Transformation is of US Strategic Importance
South Africa’s Cape Town is at the forefront of other major cities in Africa’s southernmost country in its approach to deal with rolling blackouts and boost its own energy security while reducing its coal usage in favor of renewables.
Earnings , Technology
Offshore, International, Digital Drive 4Q Results at SLB
Offshore sector’s long-cycle developments and continued international investments contribute to upcycle.
Reservoir Evaluation , Artificial Intelligence , Drilling , Subsea
E&P Highlights: Jan. 12, 2024
Here’s a roundup of the latest E&P headlines, including an SLB-Nabors collaboration and new contract awards.
Investment
TotalEnergies Ups Stake in Two Blocks Offshore Namibia
TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
Liquefied Natural Gas (LNG) , Transactions
Vopak Consortium Selected to Operate New LNG Terminal in South Africa
Vopak, in a partnership with Transnet Pipelines, was selected to develop and operate an LNG terminal at the Port of Richards Bay in South Africa for 25 years.
Rig Counts
Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs
Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.
Solar , Wind , Energy Storage , Hydrogen , Renewables , International
Energy Transition in Motion (Week of Jan. 5, 2024)
Here is a look at some of this week’s renewable energy news, including a step forward for BP’s efforts to transform an old oil refinery into a biofuel facility.
Liquefied Natural Gas (LNG) , Investment
Eni Introduces Gas into Republic of Congo’s Tango FLNG Facility
Eni made a final investment decision for the offshore Tango FLNG facility 12 months ago.
International , Crude Oil
Angola Leaves OPEC, in Blow to Producer Group
Angola, which joined OPEC in 2007, produces about 1.1 MMbbl/d, compared with 28 MMbbl/d for the whole group.
Acquisitions & Divestitures
Harbour to buy Wintershall Dea’s Global Upstream Assets for $11.2B
Harbour Energy reached an agreement with Wintershall Dea shareholders BASF and LetterOne to buy its upstream assets in Europe, South America, North America and Africa.