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DEA Seeks Approval for Development of $1.2 Billion Dvalin Field, Offshore Norway
October 10, 2016
Oil and gas firm DEA and its partners are seeking approval from the Norwegian Ministry of Petroleum and Energy for the development of the Dvalin natural gas field offshore Norwegian Sea. Located in PL435, blocks 6507/7/9 and 6507/8 in the
Cyprus Signs Deal with Egypt for Gas Transport Via Subsea Pipeline
October 7, 2016
Cyprus has signed a deal with Egypt for gas transport via subsea pipeliene. The Minister of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, Mr. Georgios Lakkotrypis, and the Minister of Petroleum and Mineral Resources of the Arab
BP Shuts Down Its Clair Platform After Oil Spill in North Sea
October 7, 2016
BP has temporarily shut down its Clair oil platform, located about 75km to the west of Shetland Islands, following a leak. The energy giant confirmed that a quantity of oil in water was released to the sea from the Clair
Qatargas Signs LNG Sales Agreement with Pakistan’s GEIL
October 5, 2016
Qatargas and Pakistan-based Global Energy Infrastructure (GEIL) signed a 20-year Liquefied Natural Gas (LNG) sale and purchase agreement (SPA). The Qatari delegation was led by Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum and Chairman of the Qatargas Board
Maersk Oil Begins First Production Well Drilling at $4.5 Billion Culzean Field, UK North Sea
October 5, 2016
Maersk Oil has commenced drilling of the first production well at the £3bn ($4.5bn) Culzean gas field located in License P111 of the UK Continental Shelf. Located in the UK North Sea at a depth of approximately 90m, the Culzean
Amec Foster Wheeler Secures Consultancy Contract for Ichthys LNG Project, Australia
October 5, 2016
Amec Foster Wheeler has received a consultancy contract from INPEX, Japan’s oil & gas exploration and production company, for the Ichthys Liquefied Natural Gas (LNG) Project in Australia. Ichthys is the largest discovery of hydrocarbon liquids in Australia in the
Emerson to Acquire UK-based Permasense
October 4, 2016
Emerson has agreed to acquire UK-based Permasense Limited, a leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries. Permasense® monitoring systems use unique sensor technology,
Indian Oil and Gail to Acquire Stake in Adani’s Dhamra LNG Terminal Project, Odisha
September 28, 2016
India’s refiner Indian Oil and gas utility Gail (India) have signed a memorandum of understanding (MoU) to jointly acquire 50 percent stake in a liquefied natural gas (LNG) terminal being built at Dhamra Port in the Indian state of Odisha.
Italy’s Eni Upgrades Potential of Gas Field Baltim South West, Egypt
September 28, 2016
Italian oil and gas company Eni has upgraded the field potential of Baltim South West to 1 trillion cubic feet (Tcf) of gas in place. The announcement regarding the potential of the field has been made following the results of
Brazil’s Petrobras to Sell 90% Stake in Natural-gas Pipeline Unit for $5.2 Billion
September 28, 2016
Brazilian state-run oil company Petróleo Brasileiro (Petrobras) has signed an agreement to divest 90 percent stake in its natural-gas pipeline unit to Brookfield Asset Management and its partners for $5.2bn. The stake sale in Nova Transportadora do Sudeste (NTS) is
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