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Chevron’s $34 Billion Wheatstone LNG Project to Face Emissions Review, Australia
January 29, 2018
Chevron’s $34bn Wheatstone LNG in Western Australia could face tougher emissions control as the Environmental Protection Authority is being called to assess the project’s greenhouse gas releases. Located 12km west of Onslow in Western Australia, the Wheatstone LNG project is
ExxonMobil to Acquire Exploration Rights for Deepwater Cape Three Points Block, Ghana
January 25, 2018
ExxonMobil has entered into an agreement with the Ghanaian government to acquire exploration and production rights for the Deepwater Cape Three Points block offshore Ghana. The petroleum agreement signed by the two parties in this connection will be subject to
New Russia-China Oil Pipeline Comes Online
January 22, 2018
China’s capacity for importing Russian crude from eastern Siberia has doubled to 30 million tpy (600,000 bpd) with the opening of a second pipeline, Xinhua state news agency reported last week. The second pipeline is expected to make Russia the
Pampa Energía to Sell $360 Million of Oil Assets to Vista, Argentina
January 22, 2018
Argentine energy company Pampa Energía has agreed to sell some of its oil assets in the Neuquina Basin, Argentina to Mexico-based Vista Oil & Gas for $360m. The transaction includes Pampa’s 58.88 percent stake in Petrolera Entre Lomas (Pelsa), 3.85
Ineos Forms New European Oil and Gas Business Units
January 22, 2018
Petrochemical major Ineos has formed six new oil and gas businesses following the completion of various oil and gas acquisitions in the North Sea. The six new businesses are Ineos Oil & Gas Denmark, Ineos Oil & Gas Norway, Ineos
Norway Awards 75 Offshore Oil Exploration Licenses
January 18, 2018
The Norwegian Ministry of Petroleum and Energy has awarded 75 oil exploration and production licenses on the Norwegian continental shelf to 19 operators. A total of 34 oil companies including large international majors and small exploration firms have been awarded
Helicopter Crash Off Mumbai Kills 5 Senior Officials from Oil and Natural Gas Corporation
January 18, 2018
Times of India reported that a Pawan Hans helicopter, with two pilots and five ONGC deputy general managers on board, crashed in the Arabian Sea about 55km northwest of Juhu airport on Saturday morning. The chopper was on its way
Chinese Import Boom Set to Continue in 2018
January 18, 2018
Global Times reported that Chinese importers are optimistic about the prospects for 2018, following the strong growth seen in 2017. Mr. Shi Xinyu general manager of Yiwu Ziguang Trade Co in Yiwu, East China’s Zhejiang Province, told the Global Times
Sinopec Secures Conditional Approval to Acquire Chevron South Africa for $900 Million
January 16, 2018
The South African Competition Commission has conditionally approved China Petroleum & Chemical Corporation’s (Sinopec) proposed $900m deal to acquire stake in Chevron South Africa (CSA). In March 2017, SOIHL HK, which is owned by state-owned Chinese company Sinopec, had signed
Swala to Acquire $130 Million Stake in Pae Panafrican Energy
January 16, 2018
Swala Oil & Gas has agreed to acquire up to 40 percent of stake in Orca Exploration Group’s wholly-owned Mauritius subsidiary, PAE PanAfrican Energy (PAEM) for a total consideration of up to $130m. Of this amount, US$16.3 million will be
