Canada-based ShaMaran Petroleum has agreed to acquire a stake of 18% in the Sarsang licence in the Kurdistan region of Iraq from TotalEnergies. Under the deal, ShaMaran will purchase a 100% stake in TotalEnergies subsidiary TEPKRI Sarsang, which holds production sharing contract (PSC) interest in Sarsang block. HKN Energy owns …
Read More »Qatar Petroleum to Acquire TotalEnergies’ Stakes in South African Blocks
Qatar Petroleum has signed agreements with TotalEnergies to acquire a stake in three offshore exploration blocks in South Africa. The assets involved in the deal include the South Outeniqua block, DWOB block, and OBD block. Under the deal, the state-owned firm will acquire a stake of 25% in the approximately …
Read More »Oil Majors Vow Energy Transition at Their Own Pace
Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies say they will wean themselves off fossil fuels at their own pace. The demand for change is coming from many sides: lawsuits, shareholders and the International Energy Agency have all turned up …
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