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Neptune Energy to Acquire Edison E&P’s UK and Norwegian Upstream Assets for $280M
October 17, 2019
Neptune Energy has agreed to acquire the UK and Norwegian upstream assets of Edison Exploration & Production (Edison E&P) from Energean Oil and Gas for up to $280 million. The consideration includes an initial cash payment of $250 million and
ConocoPhillips to Sell Interests in Australia-West for $1.39 Billion
October 16, 2019
ConocoPhillips has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 billion. In addition, the company will also receive a payment of $75 million upon final investment decision of the
ExxonMobil Expands Low-Emissions Technology Research with Universities in India
October 16, 2019
ExxonMobil has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities. The five-year agreements focus on progressing research in biofuels and bio-products, gas transport and
Santos to Acquire ConocoPhillips’ Northern Australia Assets for $1.46 Billion
October 15, 2019
ConocoPhillips has agreed to sell its northern Australia assets and operations, which includes its stake in the Barossa project and the Darwin LNG facility, to Santos for $1.39 billion. Additionally, ConocoPhillips will be paid $75 million after a final investment
Chrysaor Acquires Conoco’s UK North Sea Assets for $2.675 Billion
October 14, 2019
UK-based North Sea oil producer Chrysaor has completed the acquisition of ConocoPhillips’ UK oil and gas business for $2.675 billion. Under the deal, the assets acquired will add nearly 72,000 barrels of oil equivalent per day (boepd), increasing their average
EIB Offers $121 Million Loan for Bulgaria-Greece Gas Pipeline Construction
October 14, 2019
The European Investment Bank (EIB) has announced a $121 million loan for the construction of a gas systems interconnection facility between Bulgaria and Greece (ICGB). The lending institution said that the ICGB interconnector is also expected to help establish a
Fluor, JGC, and Technip Selected for Landmark Rovuma’s LNG Project in Mozambique
October 11, 2019
A consortium of Fluor, JGC Corporation of Japan, and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 Project in Cabo Delgado,
IEA: U.S. Shale Revolution has Reshaped the Energy Landscape at Home and Abroad
October 9, 2019
The International Energy Agency released its latest in-depth review of U.S. energy policies, welcoming U.S. leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution. The shale boom has transformed the United States into the world’s top
Saudi Arabia’s Energy Minister Confirms Oil Production Back to Pre-attack Levels
October 8, 2019
Saudi oil production has been restored to levels experienced prior to drone attacks on two of the country’s key facilities last month, the kingdom’s energy minister Prince Abdulaziz bin Salman confirmed on October 3. At a conference in Moscow, he
Chevron Sets New Greenhouse Gas Reduction Goals
October 4, 2019
Chevron Corporation has established new goals to reduce net greenhouse gas (GHG) emission intensity from upstream oil and natural gas. Emission intensity is the emission rate of greenhouse gas per unit of energy produced. The company intends to lower upstream
