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Dutch Supreme Court Rules for Chevron in Ecuador Dispute
April 18, 2019
The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation, rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal in The Hague that ordered Ecuador to take all steps necessary to prevent
GeoPark to Acquire LG International’s Oil and Gas Assets in Colombia and Chile
April 17, 2019
GeoPark Limited has entered into an agreement to acquire the LG International Corporation (LGI) interest in GeoPark’s Colombian and Chilean operations and subsidiaries. This acquisition will increase GeoPark’s equity interest to 100 percent in its Colombian and Chilean businesses, which
Saudi Aramco to Acquire 17% Stake in Hyundai Oilbank for $1.2 Billion
April 16, 2019
The Saudi Arabian Oil Company (Saudi Aramco) has signed an agreement to acquire a 17 percent stake in South Korean refining company Hyundai Oilbank from Hyundai Heavy Industries for around $1.25 billion. The investment in Hyundai Oilbank by the oil
BP Trinidad and Tobago Begin Production from Angelin Gas Project
April 15, 2019
BP’s subsidiary BP Trinidad and Tobago (BPTT) has commenced production from the Angelin gas project located offshore Trinidad and Tobago. The Angelin gas project was delivered on time and within budget, said BP, which sanctioned the gas field development in
AG&P’s Scalable LNG Supply Chain Model Will Unlock Gas-to-Power Market Opportunities
April 12, 2019
AG&P (Atlantic, Gulf and Pacific Company), the Philippines-based company at the forefront of developing pragmatic, end-to-end LNG delivery solutions, says demand aggregation is the key to growing and unlocking the market for gas. The power sector continues to be the
Energean Begins Production from Epsilon Oil Field, Offshore Greece
April 11, 2019
First production from the Epsilon oil field was achieved following the completion of drilling operations of the EA-H3 extended reach well with the company-owned Energean Force drilling rig. Currently, EA-H3 is producing at a stable dry oil rate of over
ExxonMobil Advancing Integrated Gas-for-Power Development, Vietnam
April 10, 2019
ExxonMobil, with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation, is advancing plans for a multi-billion dollar integrated gas-for-power development in central Vietnam. The company has awarded the contract for front-end engineering and design, and is filing appropriate permits,
Neptune Energy and Partners Move Ahead with Seagull Project in UK, Central North Sea
April 8, 2019
Neptune Energy and its partners BP and Japex have reached the final investment decision (FID) for the Seagull project located in the UK waters of the Central North Sea. The FID for the Seagull project follows the partners’ submission of
Wärtsilä and Samsung to Co-develop Efficient LNG Carrier and Shuttle Tanker Solutions
April 8, 2019
The technology group Wärtsilä and Samsung Heavy Industries (SHI) have signed a Joint Development Project (JDP) agreement aimed at establishing a more efficient solution for LNG Carrier and Shuttle Tanker vessels. Overall cost optimization, including both CAPEX and OPEX, is
ExxonMobil to Streamline Its Upstream Organization to Support Growth Plans
April 5, 2019
Exxon Mobil Corporation said it will streamline its upstream organization and centralize project delivery across the company to support previously announced plans to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better
