BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan

BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas from a giant offshore field in Azerbaijan across Türkiye. The post BP rakes in $1 billion from sale …

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Namibia sets the stage for new offshore oil & gas licensing round and drilling plays

As multiple drilling campaigns are poised to shape Africa’s energy future this year, the African Energy Chamber (AEC), which serves as the voice of the energy sector in Africa, has opted to shine a light on the offshore oil and gas drilling programs and licensing opportunities in Namibia. The post Namibia sets the stage for new …

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Sale of oil & gas assets with $945 million price tag falls through

Energean has severed the divestment cord for its asset portfolio in Egypt, Italy, and Croatia, worth $945 million, as key regulatory pieces have not been put in place within the agreed timeline. The post Sale of oil & gas assets with $945 million price tag falls through appeared first on Offshore Energy.

REGENT working to get USCG approval for all-electric seagliers

REGENT Craft, a US-based developer and manufacturer of all-electric seagliders, has submitted its design basis agreement (DBA) for the 12-passenger Viceroy seaglider to the U.S. Coast Guard (USCG), advancing its maritime certification process for seagliders—high-speed, all-electric vessels that operate exclusively over the water. The post REGENT working to get USCG approval for all-electric seagliers appeared …

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