The National Petroleum Corporation of Namibia (NAMCOR) and Reconnaissance Energy Africa (ReconAfrica) have announced the execution of a joint operating agreement to develop the resource potential of the Kavango Sedimentary Basin, Northeast Namibia
Exploration
European oil majors benefits highly despite weakened revenues
The European oil majors (Shell, BP, TotalEnergies, Eni and Repsol) have benefitted dramatically from elevated oil and gas prices in the Q1 2021 as income returned to near pre-pandemic levels, according to GlobalData, a leading data and analytics company
Sound Energy acquires additional interest in eastern Morocco
Sound Energy, the Morocco-focused upstream gas company, has signed a deal with Schlumberger Holdings II Limited to acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS)
McDermott wins EPCC contract for Tilenga project, Uganda
A consortium of a subsidiary of McDermott International, and Sinopec International Petroleum Service Corporation has received a conditional Letter of Award for the Tilenga project valued at approximately US$2bn
Sensia – How it brings connected enterprise to life for oil and gas
Mike Corrieri, sales manager – EMEA – heavy industries, Rockwell Automation, has highlighted how connected operations can deliver massive efficiency gains for oil and gas businesses that operate in a volatile environment with profit margins under continual pressure
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