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Gazprom to Commence Development of Kharasaveyskoye Field in 2019, Siberia
July 17, 2018
Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019. The Kharasaveyskoye gas and condensate field, which is partially located in the basin of the Kara
Tokyo Gas and Centrica to Buy LNG from Anadarko’s $20 Billion Mozambique LNG Project
July 17, 2018
US-based Anadarko Petroleum and its partners have agreed to sell 2.6 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the proposed $20bn onshore Mozambique LNG project to Tokyo Gas and Centrica LNG. In this regard, the jointly-owned
Weatherford to Sell Middle East Onshore Drilling Rig Business for $287.5 Million
July 16, 2018
Weatherford International’s subsidiary has entered into an agreement with ADES International Holding to sell Weatherford’s land drilling rig operations in Algeria, Kuwait and Saudi Arabia. The transaction also includes the sale of two idle land rigs in Iraq. ADES will
Inpex Gears Up for Production Start-up at Ichthys LNG Project, Australia
July 16, 2018
Inpex said that the Ichthys LNG Project operated by it in Australia had carried out an inspection primarily on electrical equipment as part of final safety verifications ahead of the start-up of production. The Project has already completed the necessary
TechnipFMC Awarded Offshore Water Handling Project for Woodside’s Pluto Platform, Australia
July 13, 2018
TechnipFMC has been awarded a contract by Woodside to upgrade the Pluto Platform Offshore for water treatment, located offshore Western Australia. The contract includes the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of the Pluto Water Handling Module. This module,
UK Oil and Gas Authority Launches 31st Offshore Licensing Round
July 12, 2018
The UK Oil and Gas Authority (OGA) has launched 31st offshore licensing round, offering North Sea operators with blocks in frontier areas of the UK Continental Shelf for offshore oil and gas exploration. Under the new licensing round, OGA is
Nigerian National Petroleum Corporation to Develop Seven Critical Gas Projects
July 12, 2018
The Nigerian National Petroleum Corporation (NNPC) has signed agreement for the development of seven Critical Gas Development Projects (7CGDP) to deliver about 3.4 billion standard cubic feet of gas per day (bscfd). The 7CGDP, which is said to be an
Egdon Resources Submits New Plan for Wressle Oil Field Development, England
July 10, 2018
Egdon Resources has submitted a new planning application for the development of the Wressle oil field in England to North Lincolnshire Council (NLC). The Wressle oil field is located at Lodge Farm to the north of the Wressle hamlet in
Eni Norge to Merge with Point Resources to Form Norwegian Upstream Player
July 10, 2018
Italian energy firm Eni has agreed to merge its Norwegian subsidiary Eni Norge with private-equity firm HitecVision’s majority owned portfolio company Point Resources. The new merged entity, which will be named Var Energi, will be jointly owned by Eni with
Aegean Marine Signs MOU with Mercuria for $1 Billion Refinancing
July 10, 2018
Aegean Marine Petroleum Network has signed a Memorandum of Understanding (MOU) with Mercuria Energy Group and its affiliates (Mercuria), to support Aegean’s existing US and global revolving credit facilities and to explore a global strategic partnership. Aegean Chairman and Independent
