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Regional rig operator ADES aims to raise $1bn through IPO
Saudi-based oil and gas services firm Advanced Energy Systems (ADES) is aiming to raise $1bn through offering 30% of its shares in an initial public offering on Tadawul, the Saudi stock exchange.
Zambia's copper pipe dream
Zambia has a plan to transform the economy, but its one that rests on precarious foundations. As the global landscape shifts towards renewable energy, demand for copper is expected to fly.
Eni starts oil and gas production at huge Ivory Coast offshore field Baleine
Eni has begun oil and gas production at the huge Baleine field in deep waters offshore Ivory Coast, just two years after its discovery, the Italian energy major announced on August 28, confirming a previous statement by the Ivorian energy ministry.
Mexican regulator signs off Zama oil field development plan
The Pemex-led joint venture is now preparing to start the front-end engineering design and reassess cost estimates ahead of a potential final investment decision in 2024.
SOCAR starts estimating reserves of 27 fields in the Caspian according to SPE-PRMS classification
BP and partners to invest $3.5bn in Egypt’s hydrocarbon sector over next three years, CEO says
Myanmar junta to restart Shan State hydroelectric project
Myanmar's junta is aiming to revive a stalled hydroelectric project in the northern region of Shan State, which had been put on hold when French state-owned company Électricité de France (EDF) withdrew from Myanmar in 2021.
Kinetiko considers secondary listing to fund South African LNG plans
Australia’s Kinetiko Energy is debating listing on a secondary stock exchange in either London or Johannesburg in order to secure additional funds for its LNG development plans in South Africa, CEO Nick de Blocq said.
ADES reveals plans for IPO
Saudi Arabian oilfield drilling firm ADES Holding this week announced plans to carry out an initial public offering, relaunching the company on public markets, this time on the Saudi stock exchange.
KOC extends services contracts for northern fields
State-owned Kuwait Oil Co. (KOC) this week extended contracts with services firms relating to ongoing work on fields in the north of the country.
LNG trader Gunvor reports lower net profit and volumes in first half
Gunvor, the Geneva-headquartered energy and LNG trader, reported a lower net profit and volumes of the super-chilled fuel in the first half of 2023.
World’s largest battery-electric ferry reportedly under construction for Argentina-Uruguay route
Czechia buys RWE’s gas storage business in the country
Four die in coal pit collapse at Vietnam’s biggest coal mine
10MW solar power plant inaugurated in central Iran
A 10-megawatt solar power plant was officially inaugurated in Isfahan Province, central Iran, on August 28.
Alarm sounded as dust storms in Iran reach Caspian coasts
International oil companies closely watching US-Venezuela sanction-easing talks
The possible relaxation of US sanctions against Venezuela could rejuvenate long-awaited drilling projects involving Chevron, and could offer a window of opportunity to European counterparts such as Eni SpA, Repsol SA, and Maurel & Prom.
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