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Brookfield to Acquire 60% Stake in Teekay Offshore for $750 Million
July 28, 2017
Asset management firm Brookfield Business Partners has agreed to purchase a stake of 60 percent in Bermuda-based Teekay Offshore Partners for nearly $750m. A subsidiary of Teekay Corporation, Teekay Offshore is a global provider of marine services and solutions focused
Philippine National Oil Company Shortlists Six Countries for $2 Billion LNG Project
July 28, 2017
The Philippines has shortlisted six countries and will pick one of them as partner to build a $2bn integrated liquefied natural gas (LNG) plant. The facility will include gas storage facility with a capacity of five million tons per annum
Centrica and Stadtwerke Form Oil and Gas E&P Joint Venture to Serve European Market
July 28, 2017
Centrica has signed an agreement with Stadtwerke München to form a new oil and gas exploration and production (E&P) joint venture. The partnership will combine Centrica’s European oil and gas exploration and production with Bayerngas Norge to create a new
Wood Group Secures FEED for Gastrade’s Alexandroupolis LNG Project, Greece
July 26, 2017
Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece. The project, to develop a floating liquefied natural gas (LNG) receiving, storage and regasification unit
UK Launches 29th Licensing Round for Offshore Oil and Gas Drilling
July 25, 2017
The UK Oil and Gas Authority (OGA) has launched the 30th licensing round for offshore oil and gas exploration in the UK Continental Shelf (UKCS). The licensing round covers 813 blocks or part blocks in mature areas of the UKCS
Total, YPF, BP Unit to Invest $1.15 Billion in Vaca Muerta Shale Formation, Argentina
July 24, 2017
Argentina’s state-run oil firm YPF, France’s Total, Wintershall Energía and BP unit Pan American Energy have announced a joint investment of $1.15bn to increase shale gas production from Vaca Muerta. The investment to develop non-conventional hydrocarbons of Vaca Muerta, in
Equatorial Guinea and Cameroon to Jointly Develop Yoyo and Yolanda Offshore Gas Fields
July 21, 2017
Equatorial Guinea and Cameroon have forged an agreement to jointly develop two contiguous offshore Yolanda and Yoyo gas discoveries as a single resource. The Yolanda gas discovery is located in Block I of Equatorial Guinea waters, directly across the border
Jemena Begins Construction of $603 Million Northern Gas Pipeline Project, Australia
July 21, 2017
Jemena has broken ground on its inter-state Northern Gas Pipeline (NGP) project in Australia to be built with an investment of A$800m ($603m). Spanning 622km, the Northern Gas Pipeline will transport gas sourced from the gas fields in Northern Territory
Total and Qatar Petroleum Launch JV to Develop Al-Shaheen Oil Field
July 18, 2017
French oil and gas company Total and Qatar Petroleum have launched a new joint venture to develop the Qatar’s largest offshore oil field Al-Shaheen. The Al-Shaheen oil field, which is located in Qatari waters 80 kilometers north of Ras Laffan
Baker Hughes and McDermott JV Secure Gas Development Study Contract, Tanzania
July 18, 2017
Baker Hughes and McDermott joint venture (JV) io oil & gas consulting (IO) has secured gas development study contract from Solo Oil in Tanzania. Under the deal, IO will prepare a gas commercialization study to support the development of the
