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Brexit Could Nearly Double Oil and Gas Trade Costs
May 4, 2017
The trade body for the UK oil and gas industry is urging Prime Minister Theresa May to minimize any Brexit burden after new study revealed that the cost of oil trading following the UK’s exit from Europe could double to
SNC-Lavalin Makes $2.6 Billion Deal to Acquire UK-based WS Atkins
May 1, 2017
Canadian engineering and construction company SNC-Lavalin Group has made an offer to acquire UK-based engineering and consultancy firm WS Atkins for £2.1bn ($2.6b). Confirming the takeover talks, SNC-Lavalin said it offered to acquire the entire issued and to-be-issued share capital
NT Government to Support Feasibility Study for ConocoPhillips’s Darwin LNG Expansion, Australia
April 27, 2017
The Northern Territory (NT) government in Australia will support a study that will assess the feasibility of the potential expansion of the Darwin Liquified Natural Gas (DLNG) project of ConocoPhillips. In this regard, the government will be funding AUD250,000 ($187,900)
Top Ten Countries with World’s Largest Oil Reserves
April 27, 2017
Since the drilling of first oil, the commodity has emerged as an important part of our life. It has been used as fuel for our transport, a fuel to generate electricity to light our homes, run factories and machines, a
Fracking Sweeps Into China
April 27, 2017
China has turned to hydraulic fracturing to decrease its dependency on foreign natural gas, according to state-run media. China has been trying to use fracking to shifts away from traditional sources of energy such as coal power. Shale gas production
Oranje-Nassau Energie to Acquire Sterling Resources UK Subsidiary for $163 Million
April 26, 2017
Canadian energy company Sterling Resources announced that it will be selling its UK subsidiary, SRUK Holdings to the Netherlands-based Oranje-Nassau Energie (ONE) for a consideration of $163m. The transaction is expected to close this May and Sterling Resources estimates of
SNC-Lavalin to Acquire UK-based WS Atkins for $3.6 Billion
April 26, 2017
SNC-Lavalin Group has entered into an agreement to acquire UK-based engineering and consultancy firm WS Atkins for $3.6bn in an all cash transaction. In this connection, the Canadian engineering and construction company, SNC-Lavalin Group has offered to buy each of
TechnipFMC and Aker to Conduct Feasible Studies at Engie’s Cara Project, North Sea
April 26, 2017
TechnipFMC and Aker Engineering and Technology have secured feasibility study contracts from Engie E&P Norge for the Cara project (PL 636) in Norwegian part of the North Sea. The studies will be carried out to explore the potential, challenges and
U.S. Denies Permission for ExxonMobil to Resume Drilling Operations Due to Sanctions, Russia
April 26, 2017
The US has refused to give permission for oil and gas firm Exxon Mobil to resume drilling in the areas facing its sanctions in Russia. In 2014, the US, along with the European Union, had imposed sanctions on Russia for
Singapore’s First LNG Truck Loading Facility Ready for Operations
April 25, 2017
Singapore LNG Corporation Pte Ltd (SLNG) and Maritime and Port Authority of Singapore (MPA) jointly launched the nation’s first Liquefied Natural Gas (LNG) Truck Loading Facility during a ceremony held on April 12, 2017, at the SLNG Terminal. The launch,
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