Oil and Gas • Industry • News

ADES has agreed to acquire Shelf Drilling for $379 million in an all-cash merger, boosting its backlog to $9.45 billion.

Technip Energies has won a EUR 1 billion-plus EPC contract from Commonwealth for a 9.5-million-tpy LNG plant in Louisiana.

ExxonMobil has signed an MoU with Libya’s NOC for offshore technical studies, marking its return to the country after a decade.

ADNOC Gas has signed a supply deal with India’s HPCL for 500,000 tpy of LNG over 10 years, delivered from Das Island in the UAE.

EnerMech has extended its crane operations contract with BP for 12 offshore platforms in Trinidad and Tobago.

MPLX has acquired Northwind Midstream in the US for USD 2.375 billion to expand sour gas and NGL capacity.

BP has made its largest oil and gas discovery in 25 years at the Bumerangue deepwater block offshore Brazil.

Fugro has secured onshore and offshore survey work for two major long-term field development projects in the UAE.

Energean has taken an FID on the Irena gasfield project offshore Croatia, targeting first gas in 2027 via a tie-back to the Izabela field.

ReconAfrica has begun drilling the Kavango West 1X exploration well in Namibia's Damara Fold Belt.