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AES Granted Approval to Develop 2.2 GW Gas Power Plant in Vietnam
November 1, 2019
The AES Corporation was granted approval by the Government of Vietnam to develop a 2.2 GW combined cycle gas turbine (CCGT) power plant, which will be located in the south-central province of Binh Thuan, Vietnam. The Son My 2 plant
Denmark Grants Construction Permit for Gazprom’s Nord Stream 2 Gas Pipeline
October 31, 2019
Gazprom and its partners have secured construct permit from the Danish Energy Agency for the 147km long pipeline segment of the Nord Stream 2 gas pipeline planned to be laid in the Danish Exclusive Economic Zone (EEZ). The permit allows
ADNOC, Adani, BASF and Borealis to Collaborate on $4 Billion Mundra Facility, India
October 29, 2019
Abu Dhabi National Oil Company (ADNOC), Adani Group, BASF and Borealis have signed a Memorandum of Understanding (MoU) to conduct a joint feasibility study to evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. Following
Petrobras and BP Win Campos Basin Deep-water Block in Brazilian Auction
October 29, 2019
Petróleo Brasileiro (Petrobras) in consortium with BP has bagged rights for an offshore block, called C-M-477, in the Campos Basin in Brazil during the 16th ANP Bidding Round. The bidding was held by Brazilian oil regulator — National Agency of
Trecora Resources to Sell Its Stake in AMAK for $70 Million
October 25, 2019
Trecora Resources has entered into a definitive share sale and purchase agreement with Saudi Arabian company Al Masane Al Kobra Mining Company (AMAK), who will acquire Trecora’s entire equity interest in AMAK. AMAK itself will also participate in this transaction
Europe and South America Lead the Pack for New Oil and Gas Discoveries
October 24, 2019
Europe and South America led the global pack for new oil and gas discoveries in the third quarter of the year. Each region laid claim to eight new resource stockpiles, accounting for almost half of all new discoveries made during
Oil and Gas Discoveries in Russia, Guyana, and Cyprus Lead Top Finds in 2019
October 22, 2019
Oil and gas discoveries offshore of Russia, Guyana and Cyprus have led the top new finds this year, keeping 2019 on track to match last year’s global discoveries. However, much more oil and gas volumes are still being consumed than
Equinor Granted License for New Exploration Permit, Offshore Australia
October 22, 2019
Norwegian energy giant Equinor has been granted new exploration permit for acreage in the Northern Carnarvon Basin offshore Western Australia. The new exploration permit, WA-542-P, will be 100 percent owned and operated by Equinor. The permit is located west of
Saudi Aramco CTO: Fossil Fuels are Key to World’s Energy Future
October 21, 2019
Fossil fuels have been instrumental in lifting millions of people around the world out of poverty and are too often “taken for granted”, according to the Saudi Aramco CTO. Ahmad O. Al-Khowaiter maintains oil and gas, along with coal power,
Harbour Energy Completes Acquisition of ConocoPhillips’ UK Oil and Gas Business for $2.675 Billion
October 18, 2019
Harbour Energy has completed the acquisition of ConocoPhillips’ UK oil and gas business for $2.675 billion. The transaction was completed through Harbour’s North Sea subsidiary, Chrysaor Holdings Limited. ConocoPhillips UK produced more than 70,000 barrels of oil equivalent per day
