Page 24 - Offshore Technology News Today

The Italian multinational revoked its October outlook last week, due to the “significant deterioration” of profit margins.

The Nigerian FPSO vessel Trinity Spirit was working on the Ukpokiti field near the Niger delta when it exploded, leaving 10 missing.

Wintershall Dea has divested its interest in the Gulf of Suez concession in Egypt to the Egyptian General Petroleum Corporation.

Independent oil trader Vitol Group has partnered with oil and gas company ATX Energy Partners to expand their business.

Cureton Midstream has acquired the Gilcrest System in the US from Aka Energy Group, which is owned by the Southern Ute Indian Tribe.

The findings from Australian donations records have led to accusations of majors attempting to buy political support for projects.

The announcement follows years of delays as the East African nation seeks to become a major oil producer.

TotalEnergies will sell stakes in its gas fields offshore the UK West of Shetland to Kistos Energy for an initial cash consideration of $125m.

LNG growth remained strong in the US in 2021 and is set to exceed Australia and Qatar in 2022 as the US LNG export capacity increases.

While exact findings from the financial review are pending, Sapiem is in talks with shareholders for a potential finance package.