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Lundin Petroleum to Spin-off Non-Norwegian Assets
February 17, 2017
Swedish energy company Lundin Petroleum has announced plans to spin-off its assets in Malaysia, France and the Netherlands into a newly set up company International Petroleum (IPC). The proposed spin-off is a result of a review conducted by the company
Israel’s Delek Group to Acquire Ithaca Energy for $646 Million to Expand in North Sea
February 15, 2017
Israel’s Delek Group has entered into an agreement to acquire all stake it does not own in Ithaca Energy in a cash deal worth C$841m ($646m). Ithaca is a UK based oil and gas operator in the North Sea in
Gran Tierra to Divest Brazilian Business to Maha Energy for $35 Million
February 10, 2017
Canada based Gran Tierra Energy has agreed to divest its Brazil business unit to Swedish oil recovery company Maha Energy for $35m. The acquisition price is subject to adjustments, along with the assumption by Maha of certain existing and potential
Shell to Sell Stake in Thailand’s Bongkot Gas Field to Kufpec for $900 Million
February 10, 2017
Oil giant Royal Dutch Shell has entered into an agreement to sell its stake in Thailand’s Bongkot gas field to Kufpec Thailand Holdings for $900m. Kufpec Thailand Holdings, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), will acquire the
Fluor JV Awarded FEED Contract for Tengizchevroil Multi-Phase Pump Project, Kazakhstan
February 9, 2017
Fluor Corporation’s joint venture team, KPJV, has been selected by Tengizchevroil LLP (TCO) to execute the front-end engineering and design (FEED) for the Multi-Phase Pump Project in Kazakhstan. Part of TCO’s major capital program, the project will implement multi-phase pump
Japan to Host the Largest Energy Event in Over a Decade
February 9, 2017
The Asian nation of Japan will continue to lead in global gas & LNG as the country prepares to welcome 25,000 professionals from across Japan and the world, including JERA, Tokyo Gas, Mitsubishi Corporation, Mitsui & Co, ExxonMobil, Shell and
BP to Divest Stakes in North Sea Assets to EnQuest for $85 Million
February 8, 2017
BP has agreed to sell stakes in the Magnus oil field and the Sullom Voe Terminal to EnQuest in a deal valued at $85m. The deal includes 25 percent of BP’s 100 percent stake in Magnus, 25 percent of the
Santos Submits EIS for Narrabri Gas Project in NSW, Australia
February 8, 2017
Santos has submitted the State Significant Development Application and associated Environmental Impact Statement (EIS) for its Narrabri Gas Project to the NSW Department of Planning and Environment. The proposed Narrabri Gas Project, located in North West NSW, could supply up
Chrysaor to Acquire Shell’s Oil and Gas Assets in UK North Sea for $3.8 Billion
February 6, 2017
UK-based Chrysaor has signed an agreement to acquire a package of UK North Sea oil and gas assets from Shell for $3.8bn. As part the agreement, Chrysaor will acquire Shell’s interest in Buzzard (21.73 percent), Beryl (39.4 percent), Bressay (18.4
AG&P to Build LNG Import Terminal in Andhra Pradesh, India
February 6, 2017
Atlantic, Gulf and Pacific Company (AG&P) has signed a Memorandum of Understanding (MoU) with Hindustan LNG (HLNG) to build a new LNG import terminal in Andhra Pradesh state in India. As part of the MoU, AG&P will supply tolled gas
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