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Leviathan Gas Field Developers Approve $3.75 Billion for First Phase of Israel’s Offshore Field
May 18, 2017
Developers of Leviathan natural gas field approved a plan to invest $3.75bn in the first phase of Israel’s biggest offshore field. The final investment decision has been approved by the partners which includes Noble Energy and Delek Group. Located in
ExxonMobil to Acquire Jurong Aromatics’ Petrochemical Plant in Singapore
May 18, 2017
ExxonMobil Chemical has agreed to buy a refining and petrochemical plant owned by Jurong Aromatics in Singapore. The plant which will be bought by ExxonMobil’s Singapore affiliate has a production capacity of 1.4 million tonnes per annum and is located
Petrobras to Sell Azulao Natural Gas Field in Brazil to Raise $21 Billion
May 18, 2017
Petróleo Brasileiro (Petrobras) has unveiled plans to divest the Azulão field in Brazil as part of its sale strategy to raise nearly $21bn by the end of next year. The company started the disclosure phase of the teaser regarding the
Neptune Energy to Acquire 70% Stake Engie E&P International for $3.9 Billion
May 18, 2017
Neptune Energy has proposed to acquire a 70 percent stake in Engie’s exploration and production business for $3.9bn. Engie’s Exploration & Production International (EPI) is headquartered in France. It has upstream oil and gas interests in the UK, Norway, Germany,
Eni’s Nigerian Subsidiary Agip to Build $15 Billion Oil Refinery, Nigeria
May 18, 2017
Eni’s Nigerian subsidiary Agip is planning to build a 150,000-barrel per day refinery in the Niger Delta. An agreement was signed by the federal government and Nigerian Agip Oil Company (NAOC) for the project. A meeting between Agip officials and
Total Secures New Deep Offshore License in Mauritania
May 18, 2017
French oil and gas firm Total has expanded its exploration operations in Mauritania with a new deep offshore license. The company has signed an exploration and production contract with the Mauritanian government to undertake exploration activities on Block C7, that
Frontera Signs Concession Agreement for Development of Hydrocarbon Resources, Moldova
May 12, 2017
Frontera Resources has signed a concession agreement with the Moldova government regarding the exploration, production and development of hydrocarbon resources in Moldova. Pursuant to the terms of the Concession Agreement, Frontera has the exclusive right to explore for, produce and
Arrow Energy to Expand Tipton Gas Project in Queensland, Australia
May 12, 2017
Arrow Energy is planning to take up front-end engineering design (FEED) phase for a major expansion of its Tipton gas project in Surat Basin in the Australian state of Queensland. The company stated that the investment would help in doubling
HitecVision and Point Resources to Acquire ExxonMobil’s Upstream Business, Norway
May 10, 2017
HitecVision, along with its portfolio firm Point Resources, has agreed to acquire ExxonMobil’s operated upstream business in Norway. Acquired from ExxonMobil Exploration and Production Norway, the business will be integrated with Point Resources to form a new mid-sized Norwegian E&P
Israel, European States Support Development of $6.4 Billion Mediterranean Gas Pipeline Project
May 10, 2017
European and Israeli governments have agreed to support the development of the proposed €6bn ($6.4bn) Eastern Mediterranean gas pipeline project intended to supply Israeli natural gas to the European countries. The 2,000km EastMed gas pipeline will be designed to link
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