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Total to Sell Stakes in Mature Oil Fields to Perenco for $350 Million, Gabon
March 8, 2017
Total has signed an agreement to sell stakes and transfer operatorship in various mature assets in Gabon to Perenco for about $350m, in a bid to optimize its operations. Under the terms of the deal, Total will sell 100 percent-owned
India’s ONGC to Acquire Majority Stake in Hindustan Petroleum for $6.6 Billion
March 8, 2017
India’s state-owned Oil and Natural Gas Corporation (ONGC) is reportedly seeking to acquire a majority stake in the fuel retailer Hindustan Petroleum Corporation (HPCL) in a deal worth Rs 440bn ($6.6bn). The move is part of the Indian government’s effort
KNOT Offshore Partners Acquires Shuttle Tanker Operator Tordis Knutsen
March 7, 2017
KNOT Offshore Partners LP (the partnership) has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Tordis Knutsen (KNOT Shuttle Tankers 24 AS “KNOT 24”) for an aggregate purchase price of $147.0
APA Group and Cooper Energy to Develop Gippsland Basin Gas Projects, Australia
March 3, 2017
APA Group has entered into non-binding heads of agreement with Cooper Energy to develop Gippsland Basin gas projects in Australia. The deal will allow the partnership to bring new sources of gas supply to south east Australia. Under the deal,
Flowserve Awarded $80 Million Pump and Ebulators Contract for Hengli Integrated Refining Complex
February 28, 2017
Flowserve Corporation has been awarded an $80 million contract to provide pumps and ebulators for the Hengli Integrated Refining Complex Project, a 400,000 barrel-per-day final conversion refinery on Changxing Island in Dalian, Liaoning Province in China. The order includes nearly
Panoro Energy Signs $12 Million Sale and Purchase Agreement with BW Energy Gabon
February 24, 2017
Panoro Energy fully-owned subsidiary Pan-Petroleum Gabon signed a definitive Sale and Purchase Agreement (SPA) with BW Energy Gabon (BWEG), a subsidiary of BW Offshore, the global provider of floating production services to the oil and gas industry. Under the terms
Wintershall Submits Development Concept for Skarfjell Field, Norwegian North Sea
February 24, 2017
Germany-based oil and gas producer Wintershall and its license partners have submitted development concept for the Skarfjell field in the Norwegian North Sea before the Norwegian Ministry of Petroleum and Energy. The partners submitted the development concept for the Skarfjell
Senex Energy Approves $50 Million Investment in Western Surat Gas Project, Queensland
February 24, 2017
Senex Energy has sanctioned its first major investment in the Western Surat Gas Project, committing $50m to a 30 well drilling campaign, with gas production of around 10 TJ/day (~0.6 mmboe p.a.) expected by mid-20181. Senex Managing Director and CEO
UK OGA Study Reveals New Hope for Rockall Oil and Gas Exploration
February 22, 2017
A geological analysis of the Rockall area of the North Atlantic has revealed previously unknown insights that could lead to new oil and gas discoveries in the UK Continental Shelf (UKCS). By studying the latest seismic data supplied by the
Vedanta to Invest $10 Billion on Expanding Oil and Gas Business
February 22, 2017
Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company’s Chairman Anil Agarwal said. He also said the merger of Cairn India and Hindustan Zinc with Vedanta is likely to be
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