Page 26 - Offshore Technology News Today

Hibiscus Petroleum has completed the acquisition of Repsol’s oil and gas assets, in Malaysia and Vietnam, for approximately $212.5m.

UK-based SDX Energy has started drilling the MSD-25 infill development well on the Meseda field, in Egypt’s West Gharib concession.

The decision, from ownership partners Eni and HitecVision, has been under discussion for months and comes in a prime investor landscape.

The news comes as nations are facing increasing pressure from human rights groups to impose sanctions against Myanmar’s junta.

Unit Corporation is considering the divestment of its oil and gas assets in the Anadarko and Gulf Coast basins for approximately $1bn.

Egypt has signed new agreements with Transglobe and Pharos for oil exploration and production in the eastern and western deserts.

Chesapeake Energy is reportedly in advanced talks to buy Chief Oil & Gas, in a deal worth approximately $2.4bn, including debt.

The EU Commission’s latest taxonomy has sparked industry debate and environmental concern by including natural gas as a ‘green’ investment.

The EU Commission’s latest taxonomy has sparked industry debate and environmental concern by including natural gas as a ‘green’ investment.

A series of infrastructure projects are up for discussion, helping to boost the South American countries’ economies.