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Premier Oil Signs SPAs to Acquire BP’s North Sea Assets
July 24, 2020
UK-based oil and gas company Premier Oil has signed sale and purchase agreements (SPAs) with BP to acquire its interests in the Andrew Area and its Shearwater assets. The agreement follows the revised terms reached for the deal last month.
Rubis Terminal Acquires Bulk Liquid Products Storage Company TEPSA, Spain
July 23, 2020
Rubis Terminal, a joint venture between I Squared Capital and Rubis, has acquired TEPSA, a Spain-based leading bulk liquid storage operator. TEPSA, controlled by Pétrofrance S.A., operates four coastal terminals located in Barcelona, Bilbao, Tarragona, and Valencia with 912,000 m3
Weatherford Signs $15 Million Two-Year Contract with Major Independent Operator in Argentina
July 23, 2020
Weatherford International has been awarded an exclusive two-year, $15 million contract with a major independent operator in Argentina. Weatherford will provide 146 surface pumping units, including the Maximizer® II surface pumping unit and the Rotaflex® 2.0 long-stroke pumping unit. Both
Real Energy and Strata-X Energy to Merge to Create Pure Energy
July 20, 2020
Australian east coast focused gas company Real Energy has agreed to merge with Strata-X Energy to create a new entity, named Pure Energy. Both the companies have signed a binding scheme implementation agreement (SIA) to pursue a nil premium merger.
Victoria Awards Two New Gas Exploration Permits
July 15, 2020
As Victorians turn up their gas heaters during the winter chill, the search for new gas off the state’s south west coast will be stepping up with the awarding of two new gas exploration permits. Minister for Resources Jaclyn Symes
Viaro Energy to Acquire UK-based RockRose Energy for $309 Million
July 13, 2020
Viaro’s wholly owned subsidiary Viaro Energy has signed an agreement to acquire UK-based independent oil and gas company RockRose Energy for $309.1 million. The acquisition will enable the company expand its presence in the UK Continental Shelf. Viaro Energy expects
BP to Sell Petrochemicals Business to Ineos for $5 Billion
July 1, 2020
BP has agreed to sell its global petrochemicals business to UK chemicals giant Ineos for $5 billion, as it continues its efforts to streamline the company and bolster its balance sheet. Under the leadership of its new Chief Executive Bernard
Swagelok Expands in Asia-Pacific Region to Support Growing Market
June 23, 2020
Swagelok Company is showcasing its commitment to growth in the Asia-Pacific region by investing strategically in measures designed to help regional customers overcome business challenges and meet the pace of demand in a competitive marketplace. Recent investments have included the
ExxonMobil Outlines Path for Resilience and Long-Term Growth
June 16, 2020
ExxonMobil is managing unprecedented market challenges from the COVID-19 pandemic while preserving long-term shareholder value, chairman and chief executive officer Darren Woods told shareholders during the company’s annual meeting. “Despite the current volatility and near-term uncertainty, the long-term fundamentals that
Strike Energy Partners with AGIG for West Erregulla Gas Processing Plant, Australia
June 5, 2020
Australian independent oil and gas exploration company, Strike Energy has selected Australian Gas Infrastructure Group (AGIG) to build a processing plant for West Erregulla gas. Under the constract, AGIG will be responsible for the construction, ownership and operation of 50
