International company Tenaris has opened a service center in Suriname to support the country's first deepwater oil and gas project, GranMorgu. The center will provide advanced services and logistics for the TotalEnergies, APA Corporation, and Staatsolie consortium.
Shell has announced the sale of its portfolio of onshore renewable energy assets in Europe to TotalEnergies. This deal reflects Shell's strategic shift and the reallocation of investments toward higher-priority areas. The transfer of assets is expected to be completed by 2026.
The Italian company Eni is beginning development of the deepwater Cronos field off the coast of Cyprus, which will allow Cypriot gas to enter the market for the first time by 2028. This project will strengthen Cyprus's position as a gas exporter and support Europe's energy security.
Clare Harris, who has over 25 years of experience in the energy sector and previously held senior positions at Shell, has been appointed CEO of Tree Energy Solutions. The company develops projects focused on sustainable gas production and the expansion of renewable energy infrastructure in Europe and North America.
VSB Group CEO Felix Grolman is stepping down after the company’s integration into the TotalEnergies structure is complete. His departure is linked to the conclusion of this transition phase and changes in the management structure.
Oil production at the Kingfisher field in Uganda is expected to begin by the end of the year, with operations at the larger Tilenga field set to start next year. Combined output could reach 190,000 barrels per day by 2027, which will have a significant impact on the country's economic growth.
Galp reported a significant increase in profits in the second quarter, driven by higher production, elevated oil prices, and stable performance in its refining segment. The company has raised its forecast for 2026 and continues to expand production at key fields.
TotalEnergies reported steady profit growth in the second quarter, driven by rising global oil prices and strong refining results, despite a decline in production due to conflicts in the Middle East.
Совместное предприятие Renaissance Africa Energy и NNPC обнаружило значительные запасы нефти и газа в прибрежных районах Нигерии. Анализ подтвердил высокое качество коллектора и наличие лёгкой нефти.
Four farmers from Uganda have filed a lawsuit in London against EACOP Ltd, demanding that Ugandan environmental laws be applied to the foreign company. They claim that the construction of the oil pipeline violates their rights and could lead to a deterioration in living conditions and the environment.
The joint venture between Renaissance Africa Energy and NNPC has discovered significant oil and gas reserves in Nigeria's coastal regions. Analysis has confirmed the high quality of the reservoir and the presence of light crude oil.