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Saudi Arabia Taking a Harder Line on Oil Prices
February 22, 2018
For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. Thanks to OPEC-led production cuts, crude prices are
Nexif Energy Signs EPC Contract for 110 MW Gas-Fired Cogen Project in Thailand
February 21, 2018
Nexif Energy, a leading independent power producer in Asia and Australia, has signed an engineering, procurement and construction (EPC) contract for its 110 megawatt (MW) cogeneration project in Thailand’s Rayong Province. Nexif acquired the project in June 2017 and is
BP Begins Gas Production at $1 Billion Atoll Phase One Field, Offshore Egypt
February 20, 2018
BP has commenced gas production from the $1bn Atoll phase one field offshore Egypt, seven months ahead of schedule. Located in the North Damietta Concession offshore Egypt in the East Nile Delta, the Atoll field was discovered by BP in
Novatek to Acquire Alrosa’s Natural Gas Assets in Russia for $540 Million
February 20, 2018
Pao Novatek has prevailed in an open auction to acquire the natural gas assets of diamond mining firm Alrosa in Russia with a successful bid of RUB30.3bn ($540m). As part of the transaction, the Russian natural gas producer will fully
Neptune Energy Completes $3.9 Billion Acquisition of Engie’s Oil and Gas Business
February 19, 2018
Neptune Energy Group has closed its $3.9bn acquisition of Engie E&P International, the oil and gas business of Engie. The transaction sees Neptune become an international independent E&P company across the North Sea, North Africa and South East Asia, producing
Carnarvon Secures Rights for New Offshore Permit in Australia
February 15, 2018
Carnarvon Petroleum said that it has won rights in a highly promising oil prone permit, AC/P63 block in Western Australia’s North West Shelf. The AC/P63 block is located within the Southern Vulcan Sub-basin, which the company has named as the
GTC Technology and Total to Partner on Natural Gas Conversion Process
February 15, 2018
GTC Technology has entered into a cooperative agreement with French oil and gas major Total to develop an innovative natural gas conversion process. The process will use less energy to manufacture the raw material used in the making of plastics
AGL Begins Construction of $234 Million Barker Inlet Gas-fired Power Plant, South Australia
February 13, 2018
AGL Energy has started construction of the A$295m ($234m) Barker Inlet Power Station, a 210MW gas-fired power plant on Torrens Island near Adelaide in South Australia. The new gas-fired power plant will be built based on reciprocating engine technology and
Shell to Sell Stake in Bongkot Field for $750 Million, Offshore Thailand
February 13, 2018
Royal Dutch Shell has agreed to divest 22.2 percent stake in the Bongkot field and adjoining acreage offshore Thailand for $750m. Under the deal, Royal Dutch Shell affiliates Shell Integrated Gas Thailand and Thai Energy Company will sell the stake
Noble Energy to Sell Stake in Tamar Gas Field for $800 Million, Offshore Israel
February 13, 2018
US-based oil and gas producer Noble Energy has agreed to divest a 7.5 percent stake in the Tamar gas field, offshore Israel, to Tamar Petroleum in a cash and stock deal worth approximately $800m. Under the terms of the deal,
