NEWS — Click on text to read news by category: General | Product | People | Worldwide
Anadarko Secures Approval to Develop Offshore Area 1 Project, Mozambique
February 12, 2018
Anadarko Petroleum has secured approval from the Mozambique’s council of ministers for the development of Offshore Area 1 gas project located within the Rovuma Basin, approximately 40km offshore northern Mozambique. Anadarko-led consortium will now have to sign enough sales and
GAIL Begins Construction on West Bengal Segment of Urja Ganga Pipeline Project, India
February 6, 2018
GAIL (India) said that it has started pipeline construction work on the West Bengal stretch of the 2,655km long Pradhan Mantri Urja Ganga gas pipeline project in India. The Indian government-owned natural gas transmission company said that the pipeline construction
Cepsa and Sonatrach Invest $1 Billion to Redevelop Rhoude el Krouf Oilfield, Algeria
February 6, 2018
Spanish oil and gas firm Cepsa and Sonatrach, an Algerian state-owned energy company will redevelop the onshore Rhoude el Krouf (RKF) oilfield in Berkine basin, Algeria with an investment of about $1bn. In this connection, the two firms have signed
Hess to Invest $2.1 Billion in Oil Exploration and Production
February 5, 2018
Hess has announced its plan to invest $2.1bn in exploration activities this year, with a major focus on Bakken and Guyana. The firm intends to allocate increased budget to continue exploration and development activities offshore Guyana and for the Bakken
India’s ONGC to Acquire Majority Stake in Hindustan Petroleum for $5.78 Billion
February 1, 2018
India’s Oil and Natural Gas Corporation (ONGC) has signed an agreement to acquire 51.11 percent stake in state-refiner Hindustan Petroleum Corporation (HPCL) for Rs369bn ($5.78bn). Under the terms of the deal signed with the Government of India, oil and gas
Statoil Secures 31 Exploration Licenses on Norwegian Continental Shelf
January 30, 2018
Statoil has won interests in 31 exploration licenses on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner in Norway’s Award in Predefined Areas (APA) for 2017. “The NCS is the core of Statoil’s
Petrobras to Join Oil and Gas Climate Initiative
January 30, 2018
Petrobras has announced that it will join the Oil and Gas Climate Initiative (OGCI). The OGCI is the CEO-led grouping of oil and gas companies that intends to lead the industry’s response to climate change, pooling knowledge and collaborating on
Bengal Energy Acquires Full Ownership of ATP 934 Barrolka Permit, Australia
January 29, 2018
Bengal Energy has acquired an additional stake of 28.57 percent in its operated natural gas prospective permit Authority to Prospect 934 (ATP 934) located in the under-exploited Cooper Basin natural gas fairway. Bengal has now consolidated its ownership of ATP
India’s Oil Imports in 2017 Surge to Record 4.4 Million bpd
January 29, 2018
Ship-tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed that India’s oil imports rose by about 1.8 percent in 2017 to a record 4.37 million barrels per day (bpd) as the country boosted
India to Expand Urja Ganga Gas Pipeline Project
January 29, 2018
The Indian government has announced its plans to extend the 2,655km long Pradhan Mantri Urja Ganga gas pipeline project to cover the North Eastern states. Indian Petroleum and Natural Gas Minister Dharmendra Pradhan said that the aim of the pipeline
