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M3nergy to Acquire Lundin Petroleum’s Bertam Floating Production Vessel for $265 Million, Malaysia
January 26, 2016
Swedish exploration and production firm Lundin Petroleum has signed an agreement with M3nergy’s wholly owned subsidiary M3nergy Investment to sell the Bertam floating production, storage and offloading (FPSO) vessel for $265m. Under the terms of the deal, Lundin has agreed
Total Transfers 20% Interest and Operatorship of Kharyaga Oil Field to Zarubezhneft, Russia
January 26, 2016
Total and Zarubezhneft have agreed to adjust their participation in the Kharyaga Production Sharing Agreement whereby Total will transfer a 20 percent interest together with operatorship to Zarubezhneft. Following the completion of the transaction Total will retain a 20 percent
Egdon Resources and Partners Begin Drilling Operations at Keddington-5 Oil Field, Onshore England
January 26, 2016
Egdon Resources and partners have started drilling on the Keddington-5 conventional sidetrack development well located on the PEDL005R onshore license in the East Midlands, England. According to Union Jack and partners estimates, there remains an undrained volume ranging between 309,000
Rosneft Begins Oil Production at Zapadno-Epasskoye Field, Russia
January 26, 2016
Russia’s crude oil producer Rosneft subsidiary RN-Uvatneftegaz has commenced oil production from the Zapadno-Epasskoye field. The field is a new field of the Uvat project and located 250km away from the village of Uvat, Russia. The Zapadno-Epasskoye is located within
Graña Y Montero Secures $63 Million Contract with Gas Natural Fenosa, Colombia
January 25, 2016
Graña y Montero S.A.A. subsidiary CAM Colombia Multiservicios S.A.S., has obtained the Buena Pro for the “Comprehensive Electricity Contract” developing several services for the Colombian company Electricaribe S.A. E.S.P., a part of Gas Natural Fenosa multinational group, which in turn
FERC Approves Emera’s $10.4 Billion Acquisition of TECO
January 25, 2016
Emera Inc. has learned that the Federal Energy Regulatory Commission (FERC) approved the acquisition of TECO Energy Inc., finding the transaction is consistent with the public interest. Emera’s acquisition of TECO Energy was reported on September 4, 2015, and TECO
InterOil Commences New Flow Test at Antelope-5 Oil Field, Papua New Guinea
January 25, 2016
InterOil Corporation has been advised by Total E&P PNG Limited, operator of Petroleum Retention License 15 (PRL15) in the Gulf Province of Papua New Guinea, that the second planned extended well test has commenced at Antelope-5. The extended well test
Antonoil Preferred Bidder for Oilfield Production Operation & Maintenance Services, Southern Iraq
January 25, 2016
Anton Oilfield Services Group (Antonoil) has received a notification from an IOC customer operating at an oilfield in southern Iraq stating that Antonoil has been named as the preferred bidder for related oil production operation and maintenance services project on
GE, Alstom Technology Proves Powerful; Pakistan Advances with Third High-Efficiency HA Power Plant
January 25, 2016
For years, crippling electricity shortages have plagued Pakistan, creating challenges for residents and businesses alike, and fixing the problem has become a priority for the Federal Government of Pakistan. To address this, GE will provide two high-efficiency 9HA gas turbines,
Faroe Petroleum Awarded New Exploration Areas Offshore Norway
January 22, 2016
Faroe Petroleum has added six exploration licenses offshore Norway via the country’s 2015 APA (Awards in Pre-defined Areas) license round. Chief executive Graham Stewart said the company had been “very successful” in its application strategy. “Significantly, we have further consolidated
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