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Independent Oil and Gas Acquires Thames Pipeline in Southern North Sea
May 7, 2018
Independent Oil and Gas (IOG) has acquired Thames gas pipeline in the Southern North Sea (SNS) from Perenco UK, Tullow Oil and Spirit Energy Resources, for undisclosed amount. In April 2017, IOG signed deal to acquire the pipeline with initial
Cooper Energy Completes Drilling at Casino Henry Gas Project, Australia
April 30, 2018
Cooper Energy said that the Diamond Offshore Ocean Monarch drill rig is set to leave the Casino Henry gas project in offshore Otway Basin Victoria in Australia following completion of drilling of the Casino-5 production well. The workover met all
TechnipFMC Awarded EPCI Contract Offshore Malaysia by Sabah Shell Petroleum
April 30, 2018
TechnipFMC has been awarded an engineering, procurement, construction and installation contract by Sabah Shell Petroleum Company Ltd. This award covers the delivery and installation of subsea equipment including umbilicals, flowlines and the subsea production system for the Gumusut-Kakap Phase 2
Chevron to Proceed to Second Phase of $54 Billion Gorgon Gas Project, Western Australia
April 24, 2018
The Gorgon Project, which has a total production capacity of about 2.6 billion cubic feet of natural gas and 20,000 barrels of condensate per day, is located about 60km off the northwest coast of Western Australia. The Chevron-operated Gorgon project,
Subsea 7 Offers to Acquire U.S. Rival McDermott for $2 Billion
April 24, 2018
Subsea 7 confirmed that it has recently made an unsolicited bid to acquire its rival US-based offshore oil services company McDermott International for around $2bn. However, the offer from the UK-based firm was rejected by McDermott, which is in the
Albertine Graben Consortium to Build $4 Billion Oil Refinery, Uganda
April 23, 2018
The Uganda Government has signed an agreement with Albertine Graben Refinery Consortium (AGRC) to build and operate a $4bn oil refinery in the country’s Hoima district. AGRC comprises Yaatra Africa; Lionworks Group; Nuovo Pignone International SRL, unit of General Electric
Australia’s Northern Territory Ends Moratorium on Onshore Hydraulic Fracking
April 19, 2018
Australia’s Northern Territory (NT) has removed the moratorium on hydraulic fracking of onshore gas in its territory. Reversing of the fracking ban, which had been in place in NT for nearly two years, will now open up more than half
New Zealand Bans All New Offshore Oil and Gas Exploration
April 18, 2018
The New Zealand government has decided not to issue any further offshore oil and gas exploration permits in a move to address climate change. The Pacific country will restrict its block offer to onshore acreage in Taranaki for this year
SemGroup Sells UK Petroleum Storage Unit to Valero
April 18, 2018
SemGroup announced that it has completed the sale of its SemLogistics business unit to Valero Logistics UK, a subsidiary of Valero Energy. In addition to the sale price, the agreement provides for potential earnout payments to be made to SemGroup
Albertine Graben Consortium Signs Deal to Build $4 Billion Oil Refinery, Uganda
April 16, 2018
The Uganda Government has signed an agreement with Albertine Graben Refinery Consortium (AGRC) to build and operate a $4bn oil refinery in the country’s Hoima district. AGRC comprises Yaatra Africa; Lionworks Group; Nuovo Pignone International SRL, unit of General Electric
