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Wartsila to Commence Construction of $120 Million Hamina LNG Terminal, Finland
May 21, 2018
Wärtsilä has received the financial and government clearances required to commence construction of an LNG receiving terminal in the Finnish port of Hamina. The firm said that the €100m ($120m) project has also concluded debt financing with Skandinaviska Enskilda Banken
Nord Stream 2 Begins Offshore Preparatory Work for Pipelaying in Germany
May 21, 2018
Nord Stream 2 has kick started the offshore preparatory works for pipelaying in the Bay of Greifswald, Germany, as part of the €8bn ($9.1bn) export gas pipeline project to be laid from Russia to Europe across the Baltic Sea. The
Total Signs MOU with Oman Government to Develop Natural Gas Resources
May 17, 2018
French energy group Total said that it had signed a memorandum of understanding with the government of Oman to develop natural gas resources in the Gulf state. “Total and Shell as operator will develop several natural gas discoveries located in
Oil Minister Dharmendra Pradhan Unveils Oil and Gas Fields Auction Round, Dubai
May 17, 2018
Oil Minister Dharmendra Pradhan today unveiled to investors here India’s upcoming second round of auction of discovered oil and gas fields, and said that over 195 million tonnes of hydrocarbon reserves would be put on offer. The bid dates for
Nu-Oil Secures DNR Approval for Production Test Plan at Newfoundland Site
May 14, 2018
Enegi is the Company’s wholly owned subsidiary. PVF Energy Services (“PVF”) is completing the clean-up of the well-tubing, undertaking any maintenance required to site facilities and performing routine pre-flow checks. The test, which is expected to last between 30 and
Transocean Acquires Stake in West Rigel Semi-submersible Rig for $500 Million
May 14, 2018
Built by Sembcorp Marine’s Jurong Shipyard, the West Rigel semisubmersible has been purchased by Transocean through a joint venture with funds managed and/or advised by Hayfin Capital Management. As per the joint venture arrangements with Hayfin, Transocean, which has initially
Eni Ramps Up Production at Ochigufu Oil Field, Offshore Angola
May 14, 2018
According to the Italian energy company, the deep offshore oil field has now reached its production plateau of 24,000 barrels/day (b/d) inside two months from start-up. The company said that the operated production from Block 15/06 will now be stable
Lukoil Commissions $3.4 Billion Kandym Gas Processing Complex, Uzbekistan
May 8, 2018
Russian oil giant Lukoil has commissioned the Kandym gas processing complex in Uzbekistan, two years after breaking ground on the $3.4bn project. Located at the Kandym field cluster in the Bukhara Province in south-west of Uzbekistan, the new gas processing
Ophir Energy to Acquire $205 Million Assets from Santos in Southeast Asia
May 8, 2018
UK-based Ophir Energy has agreed to acquire certain assets of Australian oil and gas firm Santos in Southeast Asia for $205m. The package of assets, included in the transaction is made up of producing assets across Vietnam and Indonesia alongside
Carnarvon Plans Drilling of First Production Well at Buffalo Oil Field, Timor Sea
May 8, 2018
Carnarvon Petroleum said that redevelopment of its Buffalo oil field in the Timor Sea is progressing with plans to drill the first production well. The signing of the Maritime Boundary Treaty (“Treaty”) by the Australian and Timor-Leste governments (refer to
