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Petrobras and ExxonMobil Enter Alliance to Identify and Evaluate Potential Business Opportunities
December 28, 2017
Petrobras and ExxonMobil has signed a memorandum of understanding (MOU) regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad
Australia’s AWE Accepts $403 Million Takeover Offer from Mineral Resources
December 28, 2017
Australian oil and gas firm AWE has accepted a takeover offer of A$526m ($403m) from mining infrastructure provider Mineral Resources (MRL) by entering into a binding scheme implementation deed with the latter. MRL has sweetened its offer to AWE from
Statoil to Acquire 25% Stake in Petrobras’ Roncador Field for $2.9 Billion, Offshore Brazil
December 19, 2017
Statoil has agreed to acquire 25 percent interest in Roncador oil field located in the Campos Basin in Brazil, from Petróleo Brasileiro Petrobras (Petrobras) for $2.9bn. Discovered in the 1990s, the Roncador is claimed to be the largest discovery offshore
Aker BP Seeks Development Plan Approvals for Three Fields, Offshore Norway
December 19, 2017
Aker BP, on behalf of its partners, is seeking development plan approvals from the Norwegian Ministry of Petroleum and Energy for three oil fields. As part of this effort, the firm submitted plans for development and operations (PDOs) of the
Wood Group Secures Contract for Total’s Lindsey Oil Refinery in UK
December 18, 2017
France’s Total has awarded a contract to Wood Group to support the Lindsey oil refinery located in North Killinghome, Lincolnshire, UK. Under the five-year contract, Wood will provide onshore maintenance services. The contract, which will commence on January 1, 2018,
Chevron Abandons Exploration Program in Great Australian Bight
December 18, 2017
Chevron’s Australian subsidiary has revealed its decision to quit from its exploration drilling program in the Great Australian Bight due to prevailing low oil price environment. Chevron Australia stated that the decision was purely a commercial one and had nothing
BP to Add Six LNG Tankers to Its Shipping Fleet
December 18, 2017
Oil and gas giant BP is taking delivery of six new LNG tankers in 2018 and 2019 to support its expanding global LNG portfolio. KMarin and ICBC Leasing, the finance partners of BP, are investing more than $1bn in the
Heerema to Build NUI Platforms for IOG’s Southern North Sea Gas Project
December 18, 2017
Heerema Fabrication Group will build up to four normally unmanned installation platforms (NUIs) for UK-based Independent Oil and Gas (IOG) Southern North Sea (SNS) gas project. Heerema has entered into a letter of intent (LOI) with IOG to provide front-end
Shell Scraps Sale of $900 Million Bongkot Gas Field Stake to KUFPEC, Thailand
December 18, 2017
Royal Dutch Shell has scrapped its $900m deal to divest its stake in the Bongkot gas and condense field in Thailand to a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC). The parties associated with the sale and purchase agreement
Hanwha and Total to Invest $300 Million to Expand Daesan Petrochemicals Platform, South Korea
December 18, 2017
Hanwha Total Petrochemical will invest over $300m to expand polymer production at its South Korean integrated refining and petrochemicals platform located in Daesan. Established in 2003, Hanwha Total Petrochemical is 50/50 joint venture owned by South Korean business conglomerate Hanwha
