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BP Acquires More Stake in Culzean Field from JX Nippon Oil & Energy, UK Central North Sea
May 18, 2016
BP has doubled its interest in the Culzean development in the UK Central North Sea after buying an extra 16 percent interest from Japan’s JX Nippon Oil & Energy Corporation. The deal boosts BP’s interest in the gas condensate field,
Construction Begins at Burma Rangoon Thaketa’s Combined Cycle Gas Turbine Facility, Myanmar
May 18, 2016
SEPCOIII Rangoon THAKETA 110MW Combined Cycle Gas Turbine Power Plant is under construction. With the invitation of U Energy and Yunnan Energy Investment, secretary of party committee and vice president Wang Li attended the opening ceremony for Myanmar Thaketa project
BMT Appointed to Develop Endeavor Energy’s LNG Storage, Regasification Facility, West Africa
May 18, 2016
BMT Asia Pacific (BMT) has been appointed Owners Engineer and lead design consultant by Endeavor Energy, for the development of the LNG storage and regasification facility as part of the Songon Gas-to-Power Project in Cote d’Ivoire. Songon, a greenfield development,
Statoil to Acquire 50% Stake in Valeura Energy’s Banarli Exploration Licenses, Turkey
May 18, 2016
Norwegian firm Statoil has signed an agreement with Valeura Energy’s wholly-owned subsidiary Corporate Resources for farm-in of exploration licenses in the Thrace region in the European north-western part of Turkey. The agreement is for the exploration of the deeper formations
Pampa Energia to Acquire Stake in Petrobras’ Argentina Unit for $892 Million
May 17, 2016
Brazilian state-run oil company Petroleo Brasileiro (Petrobras) has signed an agreement to divest its 67.19 percent stake in its Argentina subsidiary to Pampa Energia for $892m. Under the deal, Petrobras will sell its interest in Petrobras Argentina (PESA) held through
Petronas Launches Hull for Second Floating LNG Facility in Geoje Island, South Korea
May 17, 2016
Petronas marked another construction milestone for its second floating liquefied natural gas (LNG) facility, the Petronas Floating LNG2 (PFLNG2) with the official launch of the hull at Samsung Heavy Industries (SHI) shipyard in Geoje Island, South Korea. The 393-metre-long hull
Wintershall Awards Service Contract to Halliburton for Maria Oil Project, Offshore Norway
May 17, 2016
Wintershall Norge has awarded a four-year service contract to support its exploration and development projects in Norway to Halliburton Norge. The contract is effective immediately and will be used for drilling-associated services on Wintershall’s Maria development in the Norwegian Sea.
Energinet.dk to Acquire Dong Energy’s Danish Gas Distribution Business for $351 Million
May 17, 2016
Dong Energy has signed an agreement with Denmark’s state owned company Energinet.dk to sell its 100 percent stake in gas distribution business in Denmark and related operational activities for DKK2.3bn ($351m). The sale of Dong Gas Distribution is part of
Noble Energy Awarded Certificate of SEMS Compliance for Offshore Drilling in Tamar Natural Gas Field
May 11, 2016
DNV GL – Business Assurance USA, Inc. issued to Noble Energy a certificate of compliance to the SEMS (Safety and Environmental Systems) standard, which represents the highest criteria for safe operations of offshore drilling platforms. This compliance certification is based
Saudi Aramco Plans Global Expansion Into India, Indonesia, China, Vietnam, and U.S.
May 11, 2016
State-run Saudi Arabian oil company Saudi Aramco is exploring joint ventures in countries such as India, Indonesia, China, the U.S. and Vietnam to expand globally. The company’s expansion plans come even as Saudi Arabia is revamping its energy sector to
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