Oil, Gas and Shale
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China’s Sinopec to Acquire Chevron’s South African Assets for $900 Million

March 24, 2017

China’s China Petroleum & Chemical (Sinopec) has agreed to acquire Chevron’s assets in South Africa for about $900m in a bid to expand its operations. The assets considered for acquisition include 75 percent stake in the 100,000 barrel-per-day oil refinery

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UK Awards 25 Licenses for Oil and Gas Exploration, North Sea

March 24, 2017

The UK Oil and Gas Authority (OGA) has awarded 25 licenses to 17 companies for oil and gas exploration in the UK Continental Shelf (UKCS). As part of the 29th licensing round, the selected companies will undertake further oil and

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ExxonMobil Singapore Refinery to Expand Group II Base Stock Production

March 23, 2017

ExxonMobil will expand its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the

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SpeedCast Opens Offices in Port Moresby, Papua New Guinea

March 23, 2017

SpeedCast International Ltd has opened an office in Port Moresby, Papua New Guinea, to support the company’s growing customer base in the energy and enterprise markets. SpeedCast has been operating in the country for more than 10 years with an

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OMV to Acquire Stake in Yuzhno Russkoye Gas Field for $1.85 Billion, Russia

March 22, 2017

Vienna-based oil and gas company OMV has entered into an agreement with Uniper to acquire 24.99 percent stake in Yuzhno Russkoye gas field in Western Siberia for $1.85bn. Located in Yamal-Nenets region, the Yuzhno Russkoye field is one of the

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Norwegian Government to Offer 93 Blocks for Oil Exploration in Barents Sea

March 22, 2017

The Norwegian government has announced plans to offer a record number of oil exploration blocks in the Barents Sea for the 24th licensing round. The Oil and Energy Ministry has proposed a total of 102 blocks for the oil and

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Anti-Fracking Campaign Sends France’s Energy Industry Reeling

March 22, 2017

France has slowly become a net importer of electricity thanks in large part to a harsh winter and a growing opposition to natural gas production. France, usually a net energy exporter, was forced to import a record 950 gigawatt-hours of

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Andalas Energy Completes Feasibility Study for 60MW Gas to Power Project, Indonesia

March 17, 2017

Andalas Energy and Power provided an update on its activities in Indonesia including the completion of a feasibility study for its first 60MW wellhead gas to power project in partnership with Pertamina, Indonesia’s national oil company (Project) in the Jambi

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Anadarko Increases Budget to $4.7 Billion to Expand Upstream and Midstream Activities

March 17, 2017

Anadarko Petroleum has announced that its initial capital expenditure will range between $4.5bn and $4.7bn for this year. As part of 2017 initial capital program, the company is planning to spend 80 percent of its investment on upstream and midstream

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Ineos Acquires Engie’s Shale Gas Assets in UK

March 15, 2017

French energy company Engie has divested its stakes in the UK shale gas exploration licenses to petrochemicals firm Ineos for an undisclosed amount. Ineos Shale, the onshore division of Ineos Upstream, has acquired the entire UK onshore petroleum exploration and

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