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ConocoPhillips Completes Sale of Exploration Blocks for $440 Million, Offshore Senegal
November 8, 2016
ConocoPhillips has completed a transaction for the sale of its shares in ConocoPhillips Senegal BV, which holds a 35 percent interest in three exploration blocks offshore Senegal. The total sales price of the transaction, which is between the subsidiaries of
Chevron Commences Gas Production at U.K. Alder Field, Central North Sea
November 8, 2016
Chevron North Sea Limited has started production at Alder, a high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea. “First gas at Alder represents a significant milestone for Chevron and highlights our commitment to investing and developing resources
Statoil Submits Development Plan for $665 Million Trestakk Field, Offshore Norway
November 7, 2016
Statoil and its partners are seeking development plan approval from the Norwegian Petroleum and Energy Ministry for the Trestakk oil and gas field in block 6406/3 in the Norwegian Sea. The NOK5.5bn ($665.51m) project is planned to be developed using
UK Oil and Gas Authority Receives 29 Bids for New Oil and Gas Exploration Licenses
November 7, 2016
The UK Oil and Gas Authority (OGA) has received 29 bids for new licenses to drill offshore oil and gas in the UK Continental Shelf (UKCS). As part of the 29th licensing round, the companies have placed bids for licenses
Engie Signs Gas Transmission and Storage Agreement with UkrTransGaz, Ukraine
November 2, 2016
ENGIE has announced the creation of a subsidiary in Ukraine and signed an agreement with UkrTransGaz, Ukrainian transmission system operator, on gas transmission and storage, in the presence of Ukraine Prime Minister Volodymyr Hroisman and France Minister for the Economy
Skangas Signs LNG Delivery Agreement with Statoil, Norwegian West Coast
November 2, 2016
Skangas has signed an agreement with Statoil for delivery of liquefied natural gas (LNG) fuel for their platform supply vessels (PSV). The LNG will be delivered to several bases along the Norwegian west coast by ship. Skangas will in addition
Norway’s Akastor to Divest Fjords Processing to National Oilwell Varco for $144.9 Million
November 2, 2016
Norwegian-based oil services investment company Akastor has agreed to divest Fjords Processing to National Oilwell Varco (NOV) for NOK1.2bn ($144.9m). Fjords provides wellstream processing technology, systems and services to the upstream oil and gas industry. It also delivers solutions for
Indago Energy to Acquire Proven New Oil Technology
November 2, 2016
Indago Energy Ltd has entered into an agreement to acquire an oil technology company owning an innovative, proven technology to increase oil production and recovery rates. Hong Kong based HCD Holdings Ltd and related companies own this technology that allows
UK-based Range Resources Secures $20 to Advance Trinidad Projects
November 2, 2016
Range Resources Ltd has announced a US$20mln funding deal, with drill contractor LandOcean subscribing for US$20mln of convertible notes. LandOcean will lend US$20mln for a 3 year period, taking 8 percent interest per year (payable annually in arrears). It can
BP Close to Completing First Phase of $16 Billion Khazzan Gas Project, Oman
October 31, 2016
BP Oman has announced that the first phase of the $16bn Khazzan natural gas project located in the South of Block 61 in Oman is nearing completion. The first phase of the project, which is being developed in two phases,
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