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Petrofac Secures $10M Construction and Commissioning Contract from Ithaca, North Sea
December 27, 2018
Oilfields services provider Petrofac announced that its Engineering and Production Services (EPS) business has received a construction and commissioning contract from Ithaca Energy for $10m. Under the terms of this reimbursable contract, Petrofac will be responsible for the topsides construction
World Oil and Gas Council Names ExxonMobil 2018 Large Cap Company of the Year & Explorer of the Year
December 21, 2018
ExxonMobil said it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. Brad Corson, president of
Indonesia Approves Eni’s Investment Plan for Merakes Offshore Development Project
December 20, 2018
Eni is set to move ahead with the Merakes development project offshore Indonesia following approval by the Indonesian government for its the investment plan. In April 2018, the country’s Ministry of Energy and Mineral Resources approved the Italian oil and
Total to Sell 4% Stake in Ichthys LNG Project to Inpex for $1.6 Billion, Australia
December 18, 2018
Total has agreed to sell a stake of 4 percent in the Ichthys liquefied natural gas project (Ichthys LNG project) in Australia to operating partner Inpex for $1.6bn. Subject to Australian regulatory approvals, the transaction will bring down Total’s stake
U.S. House Passes Resolution Opposing Russian Gas Pipeline
December 17, 2018
The U.S. House of Representatives approved a largely symbolic resolution expressing opposition to Gazprom PJSC’s $11 billion Nord Stream 2 natural gas pipeline, on concerns that the project will boost the Kremlin’s control over Europe’s energy supplies. The bipartisan bill
Apache Commences Production at Garten Development, UK North Sea
December 10, 2018
US oil and gas firm Apache has commenced production from its 100 percent owned Garten development on Block 9/18a Area-W located in the UK North Sea. First oil from the Garten development has come within eight months of the discovery.
Nephin Acquires Shell’s Upstream Interests in Ireland for $1.3 Billion
December 6, 2018
Royal Dutch Shell, through its affiliate Shell Overseas, has completed the sale of its shares in Shell E&P Ireland (SEPIL), which owns 45 percent stake in the Corrib gas venture, for up to $1.30bn (€1.14bn), to Nephin Energy (NEHL), a
Hanwha Total to Invest $500 Million to Expand Daesan Petrochemical Complex, South Korea
December 6, 2018
Hanwha Total Petrochemical will invest about $500m for the further expansion of its Daesan petrochemical complex in South Korea through the addition of a new polypropylene plant. The polypropylene plant is expected to increase the polypropylene capacity of the Daesan
Petrobras to Sell Certain Brazilian Production Assets for $823 Million
December 4, 2018
Petróleo Brasileiro (Petrobras) has announced sale of some of its onshore and offshore producing oil and gas assets in Brazil to 3R Petroleum and Perenco in two separate deals for a total sum of $823m. In the Rio Grande do
Inter Pipeline to Acquire NuStar Energy’s European Operations for $270 Million
November 30, 2018
NuStar Energy L.P. has entered into an agreement to sell its European terminals and related assets to Inter Pipeline Ltd.’s European storage subsidiary, Inter Terminals Ltd., for $270 million. The operations include six liquids storage terminals in the United Kingdom
