Zenith Energy has agreed an extension to the option agreement with Noble Hill-Network Limited (NHNL), announced on 29 November 2021, for the purchase of a 42% interest in the share capital of NHNL
Exploration
Natural gas shortage drove steep increase in carbon prices in 2021
Around 22% of greenhouse gases are explicitly priced and less than 4% are priced at US$40 per tonne — the minimum price considered necessary to meet Paris Agreement targets, according to GlobalData analytics
Eni wins five exploration licenses in Egypt
Eni has won five new exploration licenses by the Egyptian Ministry of Petroleum, which are located in the Eastern Mediterranean Sea, Western Desert and Gulf of Suez
OSSO marks growth milestone with UK headquarters and strategic hires
OSSO, the specialist fluid temperature control and separation solutions provider, has announced its move to larger headquarters in Aberdeen, UK and appoints six new hires across the Middle East and Europe as part of its global growth strategy
Eco (Atlantic) announces strategic acquisition offshore South Africa and Namibia
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a MoU to acquire 100% of Azinam Group, including Azinams entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition