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Saudi Aramco to Form JV for $10 Billion Petrochemical Project in China
March 19, 2019
Saudi Aramco has agreed to create a joint venture (JV) with Chinese defense industry company NORINCO Group and Panjin Sincen to develop a fully integrated refining and petrochemical complex, with an investment of more than $10 billion, in China. The
Petrofac Secures $1 Billion EPC Contract for Ain Tsila Gas Project, Algeria
March 19, 2019
Petrofac has bagged an engineering, procurement and construction worth about $1 billon from Groupment Isarene for the Ain Tsila gas project in Algeria. As per the scope of the 42-month lump-sum contract, Petrofac will be responsible for the commissioning, start-up
Australia Pacific LNG to Acquire Origin’s Ironbark Coal Seam Gas Asset for $165 Million
March 18, 2019
Origin Energy has agreed to sell its Ironbark onshore coal seam gas (CSG) development (Ironbark gas project) in Queensland to Australia Pacific LNG for A$231 million ($165.38 million). Located in the Surat Basin, Ironbark holds 129 PJ of 2P reserves
India’s Essar Oil and Gas to Pursue $1 Billion Shale Project in West Bengal
March 18, 2019
Ruia brothers-owned Essar Oil and Gas Exploration and Production (EOGEPL) is planning to exploit prospective 7.7 Trillion Cubic Feet (Tcf) of shale resources from its flagship Raniganj East block at a cost of $1 billion, Chief Executive Officer Vilas Tawde
Brookfield to Acquire Reliance’s East West Pipeline for $1.8 Billion, India
March 18, 2019
Brookfield Asset Management is set to acquire the East West Pipeline, a 1,386km long natural gas pipeline in India, owned by Reliance Industries (RIL) for INR130 billion ($1.88 billion). The acquisition of the East West Pipeline will be carried out
Recon Received Hazardous Waste Operating Permit From Chinese Government
March 15, 2019
Recon Technology’s subsidiary Gansu BHD Environmental Technology has obtained a hazardous waste operating permit issued by the Jiuquan Environmental Protection Bureau in Gansu province. As previously disclosed by the company, Gansu BHD purchased a 50 year land use right for
PNOC to Join Phoenix and CNOOC in $2 Billion Tanglawan Philippine LNG Project
March 12, 2019
Phoenix Petroleum Philippines and CNOOC Gas and Power Group (CNOOC G&P) have inked a memorandum of understanding (MoU) with state-owned Philippine National Oil (PNOC) for the Tanglawan Philippine LNG project. The Tanglawan Philippine LNG project, which will be developed with
Venezuela to Pay ConocoPhillips $8.7 Billion for Unlawful Expropriation of Company’s Oil Investments
March 11, 2019
ConocoPhillips said an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously ordered the government of Venezuela to pay the company the amount of $8.7 billion in compensation for the
Fluor Awarded EPC Contract for Valero’s Pembroke Refinery in Wales, UK
March 11, 2019
Fluor Corporation was awarded the engineering, procurement, and construction of Valero Energy Corporation’s combined heat and power cogeneration project at its Pembroke Refinery in Wales, UK. “We are pleased to assist Valero with this notable project that will enhance energy
Wood Awarded $8 Million Pre-FEED Contract for ADNOC’s New Refinery in Ruwais
March 8, 2019
Wood has been awarded an $8 million contract by ADNOC Refining to deliver pre-front end engineering and design (pre-FEED) for a new refinery in Ruwais, in the western region of the Emirate of Abu Dhabi, which is set to become
