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Tax Breaks for Small Oil & Gas Companies in Malaysia
September 27, 2018
Tax incentives, promoted by the Ministry of International Trade and Industry (MITI), Malaysia External Trade Development Corp (Matrade) and Petroliam Nasional Bhd (Petronas), are available for oil and gas service equipment (OGSE) companies. Petronas President and Chief Executive Officer Tan
Equinor and Partners Submit Application for CO2 Storage Project, Norwegian Continental Shelf
September 25, 2018
Equinor, along with its partners Shell and Total, have submitted an application with the Norwegian Petroleum Directorate (NPD) for the right to inject and store carbon dioxide (CO2) on the Norwegian Continental Shelf (NCS). The partners are seeking an exploitation
Ophir Acquires Certain Southeast Asian Producing Assets from Santos
September 25, 2018
Ophir has completed acquisition of certain Southeast Asian producing assets from Santos. “I am delighted that we have completed the acquisition of the Producing Assets from Santos Limited and would like to extend a warm welcome to our new colleagues.
Cuadrilla Receives Fracking Approval for Second Shale Gas Well, Lancashire
September 25, 2018
Cuadrilla has secured approval to carry out fracking at its second horizontal shale exploration well at its Preston New Road site in Lancashire from the UK Department for Business, Energy & Industrial Strategy (BEIS). In July, Cuadrilla had been given
BW Offshore and Panoro Energy Begins Oil Production from Tortue Field, Offshore Gabon
September 25, 2018
BW Offshore and Panoro Energy have reported first oil production from the Tortue field in the Dussafu license offshore Gabon, using the BW Adolo floating production storage and offloading (FPSO) vessel. Production from the Tortue field comes 18 months after
Verus Petroleum to Acquire Cieco for $400 Million
September 24, 2018
Scotland-based Verus Petroleum has agreed to acquire Cieco Exploration & Production (UK) from Japanese conglomerate Itochu for $400m. Through the acquisition, Verus Petroleum will be adding Cieco’s 23.1 percent stake in the Western Isles Development Project and a stake of
Cuadrilla Gets Fracking Approval for Second Shale Gas Well in Lancashire, UK
September 20, 2018
Cuadrilla has secured approval to carry out fracking at its second horizontal shale exploration well at its Preston New Road site in Lancashire from the UK Department for Business, Energy & Industrial Strategy (BEIS). In July, Cuadrilla had been given
Praxair Starts Up New Air Separation Plants in Southern China Petrochemical Park
September 19, 2018
Praxair, Inc. has started up two new air separation plants to supply China National Offshore Oil Corporation (CNOOC), a Fortune Global 100 company and one of the largest in China. The two plants, each with 2,400-tons-per-day of oxygen capacity, are
Finland’s Gasum Acquires Enegia’s Energy Market Services
September 18, 2018
Finland’s state-owned gas firm and transmission system operator Gasum has acquired the energy market services business of Enegia. Enegia Consulting Oy, Enegia Portfolio Services Oy and IntStream Oy will become part of Gasum. The transaction was closed by Gasum Ltd
ExxonMobil Begins Exploration Drilling for New Gas in Gippsland Basin, Australia
September 18, 2018
ExxonMobil Australia’s subsidiary Esso Deepwater Gippsland has started an A$120m ($87.76m) offshore exploration drilling program in the Gippsland Basin in southeastern Australia in pursuit of new sources of gas. In this regard, Esso Deepwater Gippsland will drill two exploration wells
