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Pancontinental Oil & Gas to Acquire Bombora Natural Energy
June 23, 2017
Pancontinental Oil & Gas has agreed to acquire Australia-based oil and gas explorer Bombora Natural Energy. Bombora is focused on exploring oil and gas on the onshore Sacramento Gas Basin in the US and Perth Basin in Western Australia. The
Energean Submits Development Plan for Israeli Offshore Natural Gas Fields
June 23, 2017
Energean Israel has initiated development of two offshore Israeli natural gas fields by filing a Field Development Plan (FDP) with the Israeli Petroleum Commissioner. Karish and Tanin gas fields are the two natural gas fields which are being planned to
South Sudan Opens Up Negotiations for Oil and Gas Licenses to Public Companies
June 23, 2017
The Ministry of Petroleum, representing the Government of the Republic of South Sudan, has announced that it is welcoming investors to participate in direct negotiations for available oil and gas acreages. Representatives of the Government, including H.E. Ezekiel Lol Gatkuoth,
ExxonMobil and Partners to Invest $4.4 Billion on Liza Phase 1 Development, Offshore Guyana
June 21, 2017
ExxonMobil and its partners are set to invest more than $4.4bn on the first phase of development of the Liza field, located on the Stabroek Block offshore Guyana, upon receipt of regulatory approval from the government of Guyana. The Liza
Reliance and BP to Invest $6 Billion in Deepwater Gas Fields, Offshore India
June 21, 2017
Reliance Industries (RIL) and BP have announced an investment of $6bn in new fields in the Krishna-Godavari Basin, India, to produce 30-35 million cubic meters a day of gas. The first of the three projects to be developed by RIL
ExxonMobil Makes Final Investment Decision to Proceed with Liza Oil Field Development
June 20, 2017
Exxon Mobil Corporation (Exxon Mobil) it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. Initial production system
Statoil Acquires BP’s Two Exploration Permits in Great Australian Bight
June 14, 2017
Norwegian oil and gas company Statoil has acquired two exploration permits in the Great Australian Bight, which is a large oceanic bight or open bay, off the central and western portions of the southern coastline of mainland Australia. Statoil, which
Petrofac Signs Support Services Framework Agreement with Petroleum Development Oman
June 13, 2017
Petrofac has bagged a long-term contract from Petroleum Development Oman (PDO) to deliver support services for major oil and gas projects. Financial aspects of the Engineering, Procurement and Construction Management (EP+Cm) Support Services contract for 10 years have not been
Gazprom Neft Receives Subsoil License for Parabelsky Block in Tomsk Oblast, Russia
June 13, 2017
Russian oil producer Gazprom’s subsidiary Gazprom Neft has acquired a subsoil usage license for the Parabelsky block located in Tomsk Oblast in Russia. The license was awarded by Subsoil Usage Department for the Central Siberian Okrug and it is for
May Electricity Deficit Leads to Record Oil Shale Consumption, Estonia
June 12, 2017
Estonian state-owned energy company Eesti Energia and Viru Keemia Grupp (VKG) combined used nearly two million tons of commercial oil shale in their power plants and oil refineries in May — an amount yet unseen in Estonia in this century.
