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BP and Petrobras Form Strategic Alliance to Explore Joint Projects in Brazil
April 16, 2018
BP announced that it has signed a memorandum of understanding to explore areas of cooperation with Petróleo Brasileiro (Petrobras). Through this strategic alliance, Petrobras and BP have committed to exploring potential joint commercial agreements in areas of mutual interest in
ONGC Begins Work on $5 Billion KG Basin Project, Targets First Gas in 2019
April 10, 2018
PTI reported that state-owned Oil and Natural Gas Corp (ONGC) has kick-started its USD 5.07 billion KG oil and gas project by spudding the first of the 34 wells, targeting first gas by end of 2019. Well #KDG-A on the
Gazprom’s Receives Approval for Its $9.1 Billion Nord Stream 2 Pipeline, Finland
April 9, 2018
Gazprom has secured approval from the Finnish Ministry of Economic Affairs and Employment for the construction of the Nord Stream 2 gas pipeline through Finland’s exclusive economic zone (EEZ). The 1,200km Nord Stream 2 gas pipeline, which is an expansion
Harbour Energy Makes $10.4 Million Bid to Acquire Australian Gas Producer Santos
April 5, 2018
A special purpose entity of US-based Harbour Energy has made a $10.4bn bid to acquire Australian gas producer Santos. The unsolicited, non-binding, indicative and conditional offer from Harbour Energy values Santos at $4.98 per share. The companies have signed a
Kazakhstan to Break Ground on Saryarka Pipeline in July
April 4, 2018
Construction of a pipeline that will bring natural gas to Kazakhstan’s capital of Astana is slated to start in July, according to a senior energy official. Astana, located in the north of the country, currently has only limited access to
Bulgaria Launches Natural Gas Hub Feasibility Study at Black Sea Port of Varna
April 3, 2018
Reuters reported that Bulgaria, which has ambitions to transform from a transit country for Russian gas to an energy trading center, said it would start a feasibility study on creating a natural gas hub at the Black Sea port of
Indian Oil to Invest $22 Billion to Boost Refining Capacity
April 3, 2018
India’s state-owned oil and gas company Indian Oil (IOC) has announced plans to invest Rs1.43 trillion ($22bn) over the next five years, to nearly double its oil refining capacity. By 2030, the refiner is planning to boost its annual refining
Inpex to Begin Pre-FEED Work for Abadi LNG Project, Indonesia
April 3, 2018
Japan’s Inpex said that it will soon commence pre-FEED work for the Abadi onshore LNG Project in the Masela Block, located in the Arafura Sea in Indonesia. It represents an important milestone in the development of the Abadi LNG Project,
ConocoPhillips Secures Regulatory Approval to Develop Barossa Gas Project, Offshore Australia
April 2, 2018
ConocoPhillips and its Barossa-Caldita joint venture partners SK E&S Australia and Santos have secured regulatory approval for the development of the Barossa gas and light condensate project located offshore about 300km north of Darwin, Northern Territory, Australia. The approval from
India to Raise Natural Gas Price to Highest in Two Years
April 2, 2018
India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry participants. The federal government
