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Total Secures $15.8 Billion Financing for LNG Project in Mozambique
September 21, 2020
French oil major Total has reportedly secured $15.8 billion in funding from South African lender FirstRand’s local unit, FNB Mozambique for the LNG project in northern Mozambique. The $20 billion Mozambique LNG project comprises the Golfinho-Atum gas field development in
India’s NRL Secures Environmental Approval for $3 Billion Refinery Expansion Project
September 17, 2020
Numaligarh Refinery (NRL) has secured received environmental approval from the Indian Ministry of Environment, Forest & Climate Change for the INR225.94 billion ($3.01 billion), refinery expansion project. NRL is a joint venture between Bharat Petroleum (BPCL) with 61.65 percent stake,
Gazprom Neft and Shell Partner to Develop Hydrocarbon Cluster on Gydan Peninsula
September 17, 2020
Russian oil producer Gazprom Neft and Royal Dutch Shell have agreed to launch a joint venture (JV) for the development of a major hydrocarbon cluster on the Gydan peninsula. The JV will combine the capabilities and competences of the two
Prax Group to Acquire France’s Total Lindsey Refinery
September 17, 2020
French oil major Total has agreed to sell the Lindsey refinery to a UK-based petroleum products company Prax Group. The financial details of the transaction are not disclosed by the company. The deal includes the sale of the facility’s associated
Wild Well Control and Oil Spill Response Enter Alliance for Increased Response Capabilities
September 14, 2020
Wild Well Control (WWC) and Oil Spill Response Limited (OSRL) have signed a strategic alliance agreement, which provides an increased capability to the oil and gas industry. The collaboration between WWC and OSRL has been strategically implemented to further enhance
Australia Opens Bidding for 2020 Offshore Petroleum Exploration Acreage
September 14, 2020
The Australian government has opened up 42 release areas in its territorial waters for bidding by petroleum industry players to pursue oil and gas exploration under the 2020 Offshore Petroleum Exploration Acreage. According to the government, nearly 100,000km2 of acreage
Shell to Acquire Kosmos Energy’s Exploration Assets for $200 Million
September 10, 2020
Royal Dutch Shell subsidiary Dordtsche Petroleum Maatschappij has signed an agreement with US-based oil and gas company Kosmos Energy to acquire the latter’s certain exploration assets in Africa and South America for up to $200 million. Under the terms of
IndianOil to Invest $1 Billion in Barauni Refinery Expansion
September 3, 2020
IndianOil Corporation has announced an investment of $1.02 billion in the expansion of its Barauni refinery. The expansion will increase the capacity of the refinery from 6 to 9 million tonnes per annum (Mtpa). Located in Begusarai District in the
PipeChina to Acquire Certain Midstream Assets of PetroChina, Sinopec for $56 Billion
August 11, 2020
PetroChina and Sinopec have agreed to sell some of their midstream assets in separate deals with newly formed Chinese state-owned pipeline company China Oil & Gas Pipeline Network (PipeChina) for a combined sum of about $55.9 billion. Through the deal
Shell Gets NOPSEMA’s Approval for Development of Crux Gas Field, Western Australia
August 11, 2020
Royal Dutch Shell has secured approval from Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for the development of the Crux gas field, offshore Western Australia. The company’s subsidiary Shell Australia submitted an offshore project proposal (OPP) to
