NEWS — Click on text to read news by category: General | Product | People | Worldwide
Occidental Agrees to Contingent Sale of Anadarko African Assets for $8.8 Billion
May 31, 2019
Occidental Petroleum Corporation, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corporation, has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. for $8.8 billion. The sale is contingent upon
More Than Half of Northern Territory Open for Fracking of Onshore Gas
May 28, 2019
More than half of the Northern Territory’s massive 1.4 million sq km area will be open to hydraulic fracturing of onshore gas under the Gunner Labor Government’s plans. The NT Government released its proposed fracking “no go zones” in a
Production Set to Begin at Equinor’s Trestakk Field, Norwegian Sea
May 21, 2019
Norwegian firm Equinor and its partners have secured consent from the Norwegian Petroleum Directorate (NPD) for start-up of the Trestakk field on the Halten Bank in the Norwegian Sea. Scheduled for start-up in May 2019, the field is located about
Prostar to Acquire NuStar Energy’s St. Eustatius Terminal for $250 Million
May 20, 2019
NuStar Energy, a US-based liquids terminal and pipeline operator, has agreed to sell its St. Eustatius Terminal in the Caribbean to Prostar Capital for a sum of around $250 million. The St. Eustatius Terminal, which is an oil storage terminal
ExxonMobil Signs 20-Year LNG Agreement with Zhejiang Energy
May 17, 2019
ExxonMobil said that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG over 20
Gasunie Partners With Accenture to Deploy New Digital Natural Gas Transport Management System
May 16, 2019
N.V. Nederlandse Gasunie (Gasunie), a European gas infrastructure company, has partnered with Accenture to deploy a new digital natural gas transport management system (GTMS), in Netherlands. Gasunie said that the GTMS was designed to help better manage the Dutch gas
Presenso and Siemens Collaborate on AI Driven Predictive Asset Management
May 14, 2019
Presenso announced that it has been selected by German conglomerate company Siemens as its strategic partner in artificial intelligence and machine learning for predictive asset maintenance. By integrating its real-time Industrial Analytics Solution into the Siemens Remote Diagnostic Services portfolio
Cavitas Energy Secures OGTC Funding for Enhanced Oil Recovery Solution
May 13, 2019
Cavitas Energy, a thermal enhanced oil recovery specialist, has received funding support from the technology accelerator, the Oil and Gas Technology Center (OGTC). The company has been awarded funding support to develop an industry-changing technological solution for heavy oil. Cavitas
ExxonMobil Provides $100,000 to Support Relief Efforts in Mozambique Following Cyclone Kenneth
May 8, 2019
ExxonMobil said it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with
BASF and LetterOne Merge Oil and Gas Businesses to Form Company Wintershall Dea
May 7, 2019
German chemical company BASF and LetterOne have wrapped up the merger of their respective oil and gas businesses to form one of the major independent exploration and production companies in Europe in the form of Wintershall Dea. To be headquartered
