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Aker Solutions Wins FEED Contract for Equinor’s Troll Field Electrification Study, Norway
January 28, 2020
Norwegian engineering company Aker Solutions has received a front-end engineering (FEED) study contract from Equinor to enable power from shore and reduce CO2 emissions from two platforms at the Troll field. Under the terms of the contract, the company holds
GeoPark Completes Acquisition of Amerisur Resources for $314 Million
January 28, 2020
Oil and gas exploration company GeoPark has completed the acquisition of UK-based Amerisur Resources. The acquisition, which was announced in November last year, has been completed for a cost of $314 million. GeoPark said that Amerisur is a cashflow positive,
Wintershall Dea Secures Exploration Licenses in Norway
January 23, 2020
Wintershall Dea Norge has secured interests in nine new exploration licenses in Norway, including three as operator. In the Awards for Predefined Areas (APA) 2019 licensing round, Europe’s leading independent gas and oil company received participating interest in one license
Hess Corporation Recognized as Leader in CDP’s Global Climate Change Report
January 22, 2020
Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Report 2019. This is the 11th consecutive year that the company has earned Leadership status from CDP, an international nonprofit seeking to drive sustainable economies. “CDP’s rating
China Commits to Buy $52 Billion in Coal, LNG, Crude, and LPG in Trade Deal
January 20, 2020
China has committed to buying significant amounts of commodities such as crude, natural gas, coal and LPG from the US under the “phase one” trade deal that was signed in Washington yesterday. The deal document lists a handful of energy
China’s CNOOC Unveils Plans to Invest Up to $13.7 Billion in 2020
January 16, 2020
China’s offshore oil and gas firm CNOOC has announced plans to investment $12.2 billion to $13.7 billion, targeting a net production capacity of 520-530 million barrels of oil equivalent (Mboe) in 2020. The state-owned firm expects nearly 64 percent of
China to Open Oil, Gas Exploration, and Production to Foreign Firms
January 14, 2020
China will allow foreign companies to take part in oil and gas exploration and production in the county, in what officials hailed Thursday as a “major reform” opening up the industry. The Ministry of Natural Resources said foreign firms registered
Woodside Secures Recommended Approval for Scarborough Export Gas Pipeline, Australia
January 13, 2020
Woodside Energy has secured recommendation for environmental approval for a section of the 434km long Scarborough export gas pipeline in Western Australian waters. The recommendation for approval for the liquid natural gas (LNG) pipeline came from the state’s Environmental Protection
Premier Oil to Acquire BP’s Stakes in Andrew Area and Shearwater Assets for $625 Million
January 13, 2020
Premier Oil has signed an agreement to acquire stakes of BP in the Andrew Area and Shearwater assets for $625 million. The acquisition comprises BP’s operating interests in the Andrew area and its non-operating 27.5 percent interest in the Shell-operated
Mitsubishi, Patria, and Shell Secure Financing for Marlim Azul Power Plant, Brazil
January 8, 2020
Mitsubishi Hitachi Power Systems Americas (MHPS), Patria Investments, and Shell signed a contract with Brazil’s State-owned development bank (BNDES) to finance the gas-powered Marlim Azul Energia power plant, in Macaé (Rio de Janeiro State). The loan approved by the bank
