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Jazan Gas Projects Company Begins Construction of $1.2 Billion Industrial Gas Facility, Saudi Arabia
July 22, 2016
Jazan Gas Projects Company (JGPC) has commenced the construction of the $2.1bn industrial gas complex in Saudi Arabia. ACWA and US-based Air Products formed a joint venture, Jazan Gas Projects Company, following receiving contract from Saudi Aramco in 2015 to
Delek to Acquire Stake in $5.2 Billion Kraken Oil Project, UK North Sea
July 20, 2016
Delek Group is in talks with EnQuest to acquire 20 percent stake in the £4bn ($5.2bn) Kraken field development project in the UK North Sea in a bid to further expand its upstream oil and gas assets beyond Israel. As
Papua New Guinea-based InterOil Receives $2.5 Billion Takeover Bid from ExxonMobil
July 20, 2016
US energy giant ExxonMobil has placed an offer to acquire Papua New Guinea-focused energy company InterOil for $2.5bn including debt, rivaling a takeover bid made by oil and gas firm Oil Search. The bid by ExxonMobil comes against an offer
European Union to Invest $290 Million in Energy Infrastructure Projects
July 20, 2016
The European Union (EU) has announced plan to invest €263m in key trans-European energy infrastructure projects. The funding will be used to support the development of gas infrastructure in the Baltic Sea region as well as to strengthen the electricity
Leigh Creek Energy Starts Drilling at Leigh Creek Coal Gasification Site, Australia
July 20, 2016
Leigh Creek Energy Ltd is drilling ahead at the Leigh Creek site 550 kilometers north of Adelaide. The project entails development of existing deep coal resources that are unable to be accessed by open-cut mining. Energy will be produced from
Aker Solutions Secures Engineering Services Contract from Idemitsu Oil and Gas, Offshore Vietnam
July 15, 2016
Aker Solutions secured a contract from Idemitsu Oil and Gas to provide engineering services for the development of oil and gas resources in the Nam Con Son basin offshore Vietnam. It is the first time Aker Solutions teams up with
Woodside to Acquire ConocoPhillips’ Deepwater Stakes in Senegal for $430 Million, Africa
July 15, 2016
Australian firm Woodside Petroleum has signed an agreement to acquire ConocoPhillips’ deepwater stakes in Senegal for $430m. Under the terms of the agreement, Woodside will acquire 100% stake in ConocoPhillips Senegal, which owns 35 percent interest in a production sharing
Transerv Energy Completes Retesting Operations at Warro Gas Project, Australia
July 15, 2016
Transerv Energy announces that Warro-4 retesting operations have been successfully completed. Over the last week, the gas flows from the “C” sand were maintained at rates between 0.7 and 0.95 mmcfd with associated water rates ranging from 950 to 1500
Iran Signs MOU with Russia-based Zarubezhneft to Study West Paydar and Aban Oil Fields
July 15, 2016
Iran has signed a basic non-disclosure agreement with Russia’s state-owned energy giant Zarubezhneft over two western oil fields. Based on the agreement, the Russian company will study West Paydar and Aban oil fields and will present its proposals to increase
GeoPark Completes Appraisal Drilling at Jacana Oil Field, Colombia
July 15, 2016
GeoPark, a independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, announced the successful drilling and testing of the Jacana 3 appraisal well in the Jacana oil
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