TransGlobe Energy Corporation has announced the first quarter financial and operating result showing a net loss of US$55.2mn.
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Oil and gas company Total has maintained a stable dividend despite a sharp decline in first-quarter net profit as oil prices plummeted to historic lows following a drop in demand due to the coronavirus crisis
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Rosgeo and the Ministry of Mines and Hydrocarbons of Republic of Equatorial Guinea have agreed to cooperate in airborne geophysical operations, 2D and 3D regional seismic survey in transit and deep water offshore zones
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Dubai-based Dragon Oil, a unit of Emirates National Oil Company (ENOC), has acquired BP’s stake in The Gulf of Suez Oil Company (GUPCO Egypt) after obtaining the approval from the Egyptian Ministry of Petroleum and Mineral Resources
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Italian oil and gas firm Saipem, in a joint venture with McDermott International and Chiyoda Corporation, has reached an agreement with Area 1 Concessionaires on an EPC contract to engineer and construct an onshore LNG project in Mozambique
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