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Panoro Energy to Partner with BW Energy for Dussafu Oil Permit, Africa
January 6, 2017
Panoro Energy provides an update on the Dussafu Marin production sharing contract (Dussafu PSC) in Gabon. Panoro announced that its fully owned subsidiary Pan Petroleum Gabon B.V. has entered into a Memorandum of Understanding with BW Energy Gabon Pte. Ltd.
Saudi Aramco, Pertamina Sign JV Agreement for $5 Billion Refinery Upgrade Project, Indonesia
January 4, 2017
Saudi Aramco has signed an agreement with Indonesia’s state-owned oil and gas firm Pertamina to jointly own, upgrade and operate the Cilacap refinery in central Java, Indonesia with an investment of $5bn. With the signing of joint venture development agreement
SOCAR Signs Deal to Develop Azeri-Chirag-Gunashli Oil Field, Offshore Azerbaijan
January 4, 2017
The State Oil Company of the Republic of Azerbaijan (SOCAR) has signed a letter of intent (LoI) with BP-operated Azerbaijan International Operating Company (AIOC) for the development of the Azeri-Chirag-Gunashli (ACG) field off the coast of Azerbaijan. BP operates AIOC
World Bank Grants $800 Million Loan for Trans-Anatolian Natural Gas Pipeline Project
January 4, 2017
The World Bank has granted $800m loan to fund the development of the $11.7bn Trans-Anatolian Natural Gas Pipeline (TANAP) Project. Of the total financing package, $400m is allocated to the Southern Gas Corridor (SGC) Closed Joint Stock Company with the
ExxonMobil Finds New Natural Gas Discovery, Onshore Papua New Guinea
January 3, 2017
Exxon Mobil Corporation has found a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda
Chevron to Sell Its Geothermal Operations in Indonesia and the Philippines to Star Energy
December 28, 2016
Chevron Corporation has entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets. “These assets deliver reliable energy to support the needs of Asia-Pacific’s growing economies. This sale is aligned with
Total to Acquire Petrobras’ Assets in Brazil for $2.2 Billion
December 27, 2016
French oil firm Total has agreed to buy certain upstream and downstream interests of Petrobras in Brazil for nearly $2.2bn in an assets package deal. As far as the upstream interests are concerned, Total will receive stakes in two high-quality
ExxonMobil Awards Key Contracts for Liza Oil Development and Production, Guyana
December 22, 2016
ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production. Under the contracts, SBM Offshore
BP to Acquire Stakes in Exploration Blocks in Mauritania and Senegal for $916 Million
December 21, 2016
British oil giant BP has signed agreements to acquire stakes in exploration blocks in Mauritania and Senegal from Kosmos Energy for $916m. Under the terms of the deal, BP will acquire Kosmos Energy’s 62 percent interest, including operatorship, in exploration
Japan’s Idemitsu Kosan Acquires 31.2% Stake in Showa Shell Sekiyu for $1.4 Billion
December 21, 2016
Japan’s petroleum company Idemitsu Kosan has completed acquisition of 31.2 percent stake in refiner Showa Shell Sekiyu from Shell for JPY159bn ($1.4bn). The acquisition follows completion of anti-trust approval from the Japan Fair Trade Commission. Shell Downstream Director John Abbott
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