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Glencore Secures Regulatory Approval to Acquire Chevron’s South Africa Assets
September 17, 2018
Glencore has secured a conditional approval from South Africa’s Competition Tribunal to acquire Chevron’s South African and Botswana assets from Off The Shelf Investments Fifty Six (RF) Proprietary (OTS) for $973m. In October last year, the mining and commodities company
Equinor Receives Approval to Begin Production at Aasta Hansteen Gas Field, Norway
September 17, 2018
Equinor and its partners have secured approval from the Norwegian Petroleum Directorate (NPD) for the start-up of the production facility at the Aasta Hansteen gas field. The Norwegian gas field has been developed using a SPAR platform with a total
Malaysia’s Sapura Energy to Sell 50% Stake in Upstream Business for $1.6 Billion
September 13, 2018
Malaysia’s oil and gas services company Sapura Energy is planning to divest 50 percent stake in its upstream business to Austria’s OMV Aktiengesellschaft for an enterprise value of $1.6bn. For the transaction, Sapura Energy has signed heads of agreement (HoA)
Trinity Launches Six Well Onshore Program, Trinidad
September 11, 2018
Trinity Exploration & Production said that it has spudded the first well of a six infill well program, onshore Trinidad. As previously announced, the preparation for infill drilling operations has been ongoing with Trinity’s subsurface teams working up incremental locations
Gazprom Commissions Gas Treatment Plant at Badra Field, Iraq
September 11, 2018
Gazprom Neft subsidiary Gazprom Neft Badra has commissioned second process line at gas treatment plant (GTP) at the Badra field located in the Wasit Province, eastern Iraq. The start of the new process train, Line B, marks the completion of
Transocean to Acquire Ocean Rig for $2.7 Billion
September 10, 2018
Offshore drilling contractor Transocean has entered into an agreement to acquire its rival Ocean Rig in a cash and stock deal worth $2.7bn. The transaction also includes Ocean Rig’s net debt, which stood at $397m at the end of March
China’s CNPC Guarantees Funding for $2.8 Billion AKK Pipeline Project, Nigeria
September 10, 2018
China National Petroleum (CNPC) has agreed to help secure funds for the Nigerian National Petroleum Corporation’s (NNPC) $2.8bn Ajaokuta-Kaduna-Kano (AKK) pipeline project. The AKK gas pipeline, which will enable connectivity between the East, West and North, would enable gas supply
Equinor to Invest More than $15 Billion in Brazil
September 6, 2018
Equinor said that it expects to invest more than $15bn over the next 12 years in Brazil which it says is a core area for the company, giving it a daily oil production of more than 90,000 barrels from current
Saudi Aramco and Moscow State University Sign MoU for Research on Upstream Technology
September 4, 2018
Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, and Russia-based Lomonosov Moscow State University (MSU) have signed a memorandum of understanding (MoU) to conduct research on upstream technology. The MoU is intended to promote cooperation in the area
Bass Oil Secures Approval to Drill Two New Oil Wells, Onshore Indonesia
August 30, 2018
Indonesian oil producer Bass Oil announced that it has received formal approval from Indonesia’s state-owned oil and natural gas corporation, PT Pertamina, for the budget to drill two onshore development oil wells. The company will drill Bunian 5 and Tangai
