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Spirit Energy Gets Nod from Norwegian Petroleum Directorate to Begin Production at Oda Field
February 12, 2019
Spirit Energy and its partners have secured approval of the Norwegian Petroleum Directorate (NPD) to begin production from the Oda field in the Southern North Sea. Expected to be brought on stream in February/March, the Oda field is being developed
Eni and OMV to Acquire Stake in ADNOC Refining for $5.8 Billion
February 5, 2019
The Abu Dhabi National Oil Company (ADNOC) has agreed to award stakes of 20 percent and 15 percent in ADNOC Refining to Eni and OMV, respectively, for a total sum of $5.8bn. ADNOC Refining, which was created in 1999 as
Sirius Petroleum Secures $20 Million Funding for Ororo Field Development, Nigeria
January 31, 2019
Sirius Petroleum has signed an agreement for up to $20m with Barak Fund SPC to contribute to the funding of the first phase (Ororo-2 and Ororo- 3 wells) of the Ororo field development. Sirius has signed an agreement with Barak
Coal Phase-out Will Increase Germany’s Need for Gas
January 29, 2019
German chancellor Angela Merkel linked the building of a controversial Russian gas pipeline to the fate of her country’s coal industry in comments on Wednesday. Germany faces criticism from EU partners and the US for its role in the construction
Sharjah to Increase Gas Production as Power Demand in UAE Grows
January 28, 2019
Sharjah is aiming to increase gas production following the awarding of oil and gas exploration concession to Italian major Eni last week. Sharjah signed a long-term agreement awarding Eni three long-term concessions to explore and develop onshore oil and gasfields
Emerson to Modernize Sonatrach’s Gas Processing Plant in Alrar, Algeria
January 23, 2019
Emerson, in partnership with Fores Engineering, has signed a $32 million contract with Sonatrach, Algeria’s state energy company, to modernize its gas processing plant in Alrar. As part of the contract, Emerson will combine its innovative technologies and operational certainty
Senex Energy’s Project Atlas Cleared by Australian Environmental Agency
January 22, 2019
Australian energy company Senex Energy said that Project Atlas, its proposed onshore gas project in Queensland, has satisfied all the federal environmental requirements. Senex Energy said that it has been given confirmation from Australia’s Department of the Environment and Energy
Australia Approves $650 Million Stake Acquisition in Greater Sunrise Project
January 22, 2019
Timor-Leste (East Timor) President Fransisco Guterres has given his approval to a decree which allows the country’s petroleum fund to be used for buying out the stakes of Royal Dutch Shell and ConocoPhillips for $650m in the Greater Sunrise project
India Committed to Buying $5 Billion of Oil and Gas from U.S. Every Year
January 22, 2019
India is committed to buying nearly $5 billion of oil and natural gas from the United States every year, Harsh Vardhan Shringla, the new Indian ambassador said Tuesday at a US chamber of commerce event, adding bilateral trade between the
CSPCL’s Ethylene Cracker Facility Passes Performance Tests, China
January 21, 2019
TechnipFMC which has provided technology and design for CSPCL’s 1.0 MTPA cracker, said that the facility recently passed all performance tests. TechnipFMC’s scope included the technology and front-end engineering design for the cracker and the design of the 9 furnaces.
