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LNG exporter Venture Global targets up to $110bn valuation in blockbuster US IPO

News wire — Venture Global is seeking up to $110.38 billion valuation in its New York initial public offering, the second-largest U.S. liquefied natural gas producer said on Monday, setting the stage for the first […]

CHC Helikopter Service forms $500 million strategic partnership with Aker BP

CHC Helikopter Service, the Norwegian division of CHC Helicopter and a leading provider of offshore transportation solutions, has entered a $500 million strategic partnership with Aker BP to support its offshore helicopter activity in Norway. […]

Russia says new US energy sanctions will destabilise global markets

“It is clear that the United States will continue to try to undermine the positions of our companies in non-competitive ways, but we expect that we will be able to counteract this,” Kremlin spokesman Dmitry […]

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TotalEnergies kicks off $250m project to capture gas from Iraqi oil field

*A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo Newswire – TotalEnergies SE, Basra Oil […]

Aquajet launches new system to enhance hydrodemolition robots for onshore, offshore applications

Aquajet has introduced a new support system designed to enhance the capabilities and flexibility of Hydrodemolition robots in challenging environments. The system centers around the upgraded Aqua Spine 3.0, an extendable rail system […]

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Perma-Pipe awarded $43 million contract for Middle East development project

Perma-Pipe International Holdings, Inc. announced it has received a formal letter of award for a development project located in the GCC region. Perma-Pipe will provide thermal insulation, anti-corrosion coatings, and other services from its Abu […]

‘Fuel subsidy removal, forex adjustment targeted at stabilizing economy’

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — The Federal Government has emphasized that its removal of fuel subsidies and foreign exchange adjustments are critical steps toward stabilizing the nation’s economy and ensuring fiscal recovery. […]

Orange Basin holds great potential despite Shell write down, AEC says

Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties […]

TotalEnergies kicks off $250 million project to capture gas from Iraqi oil field

(Bloomberg) – TotalEnergies SE, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility — which will […]

US issues partial guidance on clean fuel subsidies, chafing ethanol makers

*Wally Adeyemo, U.S. Treasury Deputy Secretary. Washington, D.C. — The U.S. government on Friday released short-term guidance on how companies can secure clean fuel tax credits under the Inflation Reduction Act but fell short of […]