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Saipem Scoops up $1 Billion for Work on Natural Gas Project off Africa

Saipem Scoops up $1 Billion for Work on Natural Gas Project off Africa

Italy’s engineering, drilling, and construction services provider Saipem has got its hands on a new contract – worth approximately $1 billion – for the development of a gas project off Libya with Mellitah Oil & Gas Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa

Agreement between MYTILINEOS and HELLENiQ ENERGY for the sale of a 211 MW portfolio of 4 solar projects in Romania

Agreement between MYTILINEOS and HELLENiQ ENERGY for the sale of a 211 MW portfolio of 4 solar projects in Romania

A 211 MW solar portfolio developed in Romania by MYTILINEOS Energy & Metals (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) (MYTILINEOS), is acquired by HELLENiQ ENERGY Holdings (RIC: HEPr.AT, Bloomberg: ELPE GA) through its subsidiary, HELLENiQ Renewables. The binding agreement signed by the two Companies includes the construction and transfer of four (4) solar parks in Southern Romania that are already in an advanced stage of development,

OMV Petrom’s Net Profit Falls 80% Y/Y in H1

OMV Petrom’s Net Profit Falls 80% Y/Y in H1

Romania’s top oil and gas group OMV Petrom [BSE:SNP] said on Friday that its preliminary net profit fell 80% on the year to 944 million lei ($213.2 billion/191.5 million euro) in the first six months of 2023

New Oil Discovery Confirmed in Gulf of Mexico

New Oil Discovery Confirmed in Gulf of Mexico

According to Hess, planning is underway for this new oil discovery in the Pickerel-1 exploration well, which is located in Mississippi Canyon Block 727, to be tied back to the Tubular Bells production platform in the U.S. Gulf of Mexico. Hess has a 57.14 per cent interest in the Tubular Bells field and acts as the operator while Chevron holds the remaining 42.86 per cent interest

Oil Markets Set to Tighten, Economic Headwinds to Hit Growth - IEA

Oil Markets Set to Tighten, Economic Headwinds to Hit Growth - IEA

Oil demand is set to hit a record high this year and the market is tightening but economic headwinds and interest rate hikes have deflated growth expectations slightly, the International Energy Agency (IEA) said on Thursday

Greek RES Developer FARIA Group and OMNES Capital,  Establish Joint-Venture

Greek RES Developer FARIA Group and OMNES Capital, Establish Joint-Venture

FARIA Group, a long-standing and experienced Greek renewable energy developer, and Capenergie 5, the fifth generation OMNES’ renewable energy fund, which hit its first €800m closing earlier this month, have established a Greek Joint-Venture “FARIA Renewables S.A.” with the ambition to become a leading Independent Power Producer (IPP) in a fast-growing Greek market and abroad