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Petrobras Sells Majority Stake in Brazilian Pipeline Operator TAG for $8.6 Billion
June 17, 2019
Brazilian state-run oil firm Petroleo Brasileiro (Petrobras) has completed the sale of majority stake in Brazilian pipeline operator Transportadora Associada de Gás (TAG) to a consortium of Brazilian power producer Engie and Caisse de dépôt et placement du Québec (CDPQ)
ATI Secures $45 Million Supply Contract for Deepwater Pipeline, South America
June 14, 2019
Allegheny Technologies Incorporated has been selected to supply the nickel-based flat rolled products for a large oil pipeline project in South America. Revenue to the ATI Flat Rolled Products (FRP) segment is expected to be approximately $45 million, with shipments
AES to Exit Jordan and United Kingdom in $211 Million Deal
June 14, 2019
The AES Corporation has entered into agreements to sell its interests in six power plants in Jordan and the United Kingdom for total proceeds of $211 million. In Jordan, AES agreed to sell two operational thermal power plants and one
ExxonMobil to Proceed with Expansion Project in Vaca Muerta Basin, Argentina
June 13, 2019
ExxonMobil has decided to move ahead with the long-term development of Bajo del Choique-La Invernada block in Vaca Muerta Basin, Argentina. The Bajo del Choique-La Invernada block is located about 93km northwest of Añelo and 183km northwest of Neuquén city.
Dragon Oil to Acquire BP’s Mature Oil Assets in Gulf of Suez, Egypt
June 10, 2019
BP has signed a deal to offload its stakes across certain mature oil assets in the Gulf of Suez, offshore Egypt, to UAE-based Dragon Oil, a subsidiary of Emirates National Oil Company (ENOC), for an undisclosed price. As per the
Mozambique Government Approves ExxonMobil and Eni’s Rovuma LNG Development Plan
June 7, 2019
Mozambique Rovuma Venture said that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of
New Fortress Energy Signs MOU With Angolan Ministries to Advance Natural Gas Infrastructure
June 7, 2019
New Fortress Energy has signed a memorandum of understanding with the Angolan Ministry of Mineral Resources and Petroleum, Ministry of Energy and Water, and Ministry of Finance for the development of a liquefied natural gas (LNG) terminal to supply natural
Ithaca Energy to Acquire Chevron’s North Sea Assets for $2 Billion
June 6, 2019
Israeli conglomerate Delek Group’s subsidiary Ithaca Energy is set to acquire Chevron’s North Sea operations — Chevron North Sea (CNSL) for $2 billionn (£1.59 billion). Assets to be added by Ithaca Energy Through the acquisition, the Delek subsidiary will be
Wood and NERA Form Partnership to Develop Hydrate Blockage Prediction Tool
June 3, 2019
Wood along with National Energy Resources Australia (NERA) has announced a new funding partnership, in collaboration with the University of Western Australia (UWA), to develop an online hydrate blockage prediction model for operating gas condensate systems. Methane hydrates are said
South Australia Opens Bidding for Exploration Licenses in Cooper and Otway Basins
June 3, 2019
The South Australian Government has announced the opening of eight petroleum exploration licenses (PELs) under a new bidding round, amid increasing demand for gas in the state. Five of the eight licenses are located in the Cooper Basin in the
