NEWS — Click on text to read news by category: General | Product | People | Worldwide
Mitsui to Acquire 50% Stake in Akastor’s Subsidiary Akofs Offshore for $142.5 Million
June 26, 2018
Akastor has entered into a share purchase agreement with Mitsui & Co. and Mitsui O.S.K. Lines (MOL) for transfer of 50 percent of its stake in its subsidiary Akofs Offshore, a provider of vessel-based subsea well construction and intervention services,
Somalia Drafts Regulations for Petroleum and Mineral Resources
June 25, 2018
The Somali Petroleum and Mineral Resources Ministry has drafted regulations to manage the African country’s petroleum and mineral resources sectors, particularly in regard to ownership and revenue sharing. The agreement was made by the federal government and the federal member
Hunting Signs Organic Oil Recovery Collaboration Agreement with Titan Oil Recovery
June 22, 2018
Hunting PLC, the international energy services company, has signed a collaboration agreement with US-based enhanced oil recovery company, Titan Oil Recovery Inc. The agreement allows Hunting to add Organic Oil Recovery (OOR) to a growing list of Hunting ‘TEK-Hub’ products
Norway Awards 12 Offshore Production Licensing in New Licensing Round
June 21, 2018
The Norwegian Ministry of Petroleum and Energy has awarded 12 new production licenses in 47 blocks on the Norwegian Continental Shelf to 11 companies under the 24th licensing round. Of the 12 licenses, three are in the Norwegian Sea while
Jemena to Build Atlas Gas Processing Plant and Pipeline in Queensland’s Surat Basin
June 19, 2018
Jemena has agreed to build, own and operate the Atlas Gas Processing Plant and Pipeline (AGPP), to process and transport natural gas produced from Senex Energy’s Project Atlas in Queensland’s Surat Basin to the Australian domestic market. AGPP, which will
APA to Build Gas Pipeline for AGL Energy’s Crib Point LNG Import Jetty, Australia
June 19, 2018
APA Group will develop and construct the 60km long Crib Point Pakenham pipeline to transport gas from AGL Energy’s proposed LNG import jetty in Crib Point, Victoria to the Australian domestic market. The Australian energy company has signed a development
Pakistan and Russia Finalize MOU to Study Undersea Gas Pipeline Project
June 18, 2018
Pakistan and Russia have finalized a memorandum of understanding (MoU) for conducting a “feasibility study” of a planned undersea gas pipeline. While speaking at the weekly media briefing, Foreign Office (FO) Spokesman Muhammad Faisal said on Thursday: “The ministries of
Nayara Energy Begins Cutting Oil Imports from Iran
June 18, 2018
Reuters reported that Indian refiner Nayara Energy, one of the country’s biggest buyers of Iranian oil, began cutting imports this month after the United States scrapped a nuclear deal with Tehran and said it would re-impose tough sanctions, three people
Nord Stream 2 Receives Construction and Operation Permit from Sweden
June 14, 2018
Nord Stream 2 AG has obtained the permit to construct and operate the Nord Stream 2 gas pipeline in the Swedish Exclusive Economic Zone (EEZ). The permit for an approximately 510-kilometer section in the Swedish EEZ was granted by Sweden’s
Norway Approves Equinor’s Development Plan for $6 Billion Johan Castberg’s Offshore Field
June 14, 2018
Equinor and its partners have secured the Norwegian Ministry of Petroleum and Energy’s approval for the plan for development and operation (PDO) of the Johan Castberg field in the Barents Sea. Located approximately 100km north of the Snøhvit-field in the
