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Hilcorp gets approvals to drill wells near Anchor Point, Alaska

March 31, 2021
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The state has approved Hilcorp’s plans to drill two gas exploration wells near Anchor Point. As early as Thursday, the company could start construction on a gravel exploration pad for the company’s Whiskey Gulch prospect. Hilcorp plans to drill two exploration wells there — an oil-gas combination well and gas-only well. An ENSTAR Natural Gas line runs by the

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Elton Group injects $121 million into Port of Dakar LNG storage facility

March 31, 2021
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Elton Group will invest approximately $121 million (FCfa 70 billion) as the concessionaire of the gas terminal at the Autonomous Port of Dakar, signifying the company’s growing role in Senegal’s gas-powered energy transition. The multi-phased project will involve the construction of a gas terminal for the production, storage, regasification and distribution of Liquefied Natural Gas (LNG), featuring a

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PGS awarded more survey work offshore Egypt with supermajor

March 31, 2021
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PGS has been awarded a high-fidelity 3D exploration program by a supermajor offshore Egypt. The survey will be acquired using an Extended Long Offset (ELO) configuration with Ramform Tethys towing a wide multi-sensor GeoStreamer spread with an additional source vessel located several kilometers ahead. This will enable efficient recording of offsets up to 16 kilometers critical for imaging deeper

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Eni and Sonatrach sign agreements to relaunch exploration in Berkine basin

March 30, 2021
| Archives

Eni CEO Claudio Descalzi, and the President General Manager of the Algerian state company SONATRACH, Toufik Hakkar, met at the Eni headquarters in San Donato Milanese to take stock of common activities and sign various agreements in the exploration and production, research and development, decarbonization and training fields. These agreements mark a further step forward in strengthening

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Sapura Energy refinances over $2 billion of debt

March 30, 2021
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Malaysia’s largest oil and gas services provider Sapura Energy on Tuesday said it has refinanced 10.3 billion ringgit ($2.48 billion) of its debt for a period of seven years. The company said the refinancing includes an $820 million term loan facility to be offered by banks in U.S. dollars and Malaysian ringgit, and the issuance of unrated sukuk

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Iraq signs heads of agreement with Total for four energy projects

March 30, 2021
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Iraq has signed a head of agreement with Total to build four giant energy projects in the Middle East country, including a seawater project and plants for processing natural gas, its oil ministry said on Monday. The initial agreement was signed during a visit by Total Chief Executive Patrick Pouyanne, the ministry said in a statement. Source: Reuters  Join our

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Total SE evacuate workers from Mozambique

March 30, 2021
| Archives

Total SE are evacuating most of the remaining employees from its liquefied natural gas project in northern Mozambique as insurgents attacked a town nearby, throwing Africa’s biggest private investment into disarray. The fresh violence that follows attacks at the turn of the year suggests Mozambique’s armed forces are struggling to regain control of the region surrounding the $20

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Weatherford files to reinstate Nasdaq listing

March 29, 2021
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Weatherford International plc (OTC Pink: WFTLF) ("Weatherford" or the "Company") today announced that it has publicly filed a Form 10 Registration Statement ("Form 10") with the United States Securities and Exchange Commission ("SEC") to register its ordinary shares pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with no additional shares to be

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