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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
Murphy Oil Sells Its Malaysian Assets for $2.127 Billion
April 3, 2019
A subsidiary of Murphy Oil Corporation has signed a sale and purchase agreement to divest the fully issued share capital of its two primary Malaysian subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., to a subsidiary
Noreco to Acquire Shell’s Upstream Business in Denmark for $1.9 Billion
April 3, 2019
Royal Dutch Shell, through its wholly-owned subsidiary Shell Overseas Holdings, has signed an agreement with Norwegian Energy Company (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark (SOGU) for $1.9 billion. SOGU owns 36.8 percent non-operating stake in the
Eni Secures Two Onshore Exploration Blocks, Egypt
April 1, 2019
Italian oil and gas major Eni has bagged rights for two onshore exploration blocks — South East Siwa and West Sherbean in Egypt through two separate bidding rounds. Eni won the South East Siwa block, all on its own, after
Senex’s Project Atlas Secures Environmental Approval from Queensland
April 1, 2019
Senex Energy has secured environmental approval from the Queensland Government for the development of Project Atlas, a proposed onshore gas project, in the Australian state. Earlier this year, Project Atlas satisfied all the federal environmental requirements and with the latest
James Fisher and Sons Acquires Arabian Offshore Contractor Murjan
March 26, 2019
James Fisher and Sons (JFS), a UK-based offshore engineering services company, has acquired Murjan Al-Sharq Marine Contracting (MSMC) for an undisclosed amount in a move to further expand its capabilities in the Middle East. The acquisition will bring the vast
Colorado’s Rep. Rochelle Galindo’s Oil and Gas Roundtable Brings Packed Crowd
March 26, 2019
As part of a renewed battle over oil and gas policy, a crowd packed into a downtown Greeley art gallery Saturday to attend a roundtable discussion about legislation that would give local governments more control over the location of oil
IndianOil Signs $1.5 Billion Term Contract to Import U.S. Crude Oil
March 25, 2019
IndianOil has entered into a term contract worth around $1.5 billion to import up to 3 million metric tons of crude oil of US origin grades in FY 2019-20. According to IndianOil, this is the first term contract to be
Flogas Secures Approval to Develop LPG Storage Terminal in Avonmouth, England
March 21, 2019
Flogas Britain, a liquefied petroleum gas (LPG) supplier in the UK, has secured planning permission from the Gloucestershire County Council to convert an existing LNG facility at Avonmouth into a large-scale LPG storage terminal. The proposed LPG storage terminal will
Gazprom Launches Full-scale Development of Kharasaveyskoye Field in Yamal Peninsula
March 21, 2019
Gazprom has officially launched the full-scale development of the Kharasaveyskoye field in the Yamal Peninsula located in the Yamalo-Nenets Autonomous Okrug of northwest Siberia in Russia. The Kharasaveyskoye field is located to the north of the company’s producing Bovanenkovskoye field,
