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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
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
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
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
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
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
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
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
Chevron Starts Oil and Gas Production at Mafumeira Sul Project, Offshore Angola
March 9, 2017
Chevron Corporation has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. “This milestone supports our priority of completing major projects and improving free cash flow. The Mafumeira Sul project generates new
Kerui Petroleum to Build Onshore Export/Import Gateway for High-End Petroleum Equipment, China
March 9, 2017
Kerui Petroleum has been qualified by the Authorized Economic Operator (AEO) Program of the World Customs Organization (WCO), to become one of China’s first AEO-certified members. In addition, China’s first customs inspection station for petroleum equipment set up at Kerui
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