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

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

Oilfield services company Schlumberger has introduced the GAIA digital exploration platform at the 81st EAGE Conference & Exhibition in London

His Excellency Emmanuel Ibe Kachikwu, Nigeria's minister of state for petroleum, held a press conference at APPO Cape VII, in which he gave an update on the progress of the Petroleum Industry Bill (PIB). Following incumbent president Muhammadu Buhairi's win in this year's elections, Kachikwu confirmed that the bill was with the president and could receive assent by June, when the ninth assembly of the Nigerian parliament convenes

Automation company ABB’s has launched its versatile new cloud-based visualisation system, ABB Ability™ Wellhead Manager, which supports smarter teamwork, enhanced efficiencies and lower costs for oil and gas operators of all sizes