Exploration
TransGlobe Energy Corporation announces Q1 2020 Financial and Operating Results
TransGlobe Energy Corporation has announced the first quarter financial and operating result showing a net loss of US$55.2mn.
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Total maintains dividend and sets climate goal despite income plunge
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 signs deal with Equatorial Guinea for airborne geophysical operations
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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ENOC’s Dragon Oil acquires BP’s Gulf of Suez concessions
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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Saipem wins US$6bn onshore LNG project in Mozambique
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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- ENOC signs JV agreement to expand Egyptian operations
- African Petroleum relinquishes its two operated licences in Sierra Leone
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