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Rosneft and Pertamina Establish JV to Develop Indonesian Petrochemical Complex
December 4, 2017
Russian oil giant Rosneft and Indonesian state-owned oil and gas company Pertamina have established a joint venture that will develop the Tuban grass root refinery and petrochemical complex (TGRR) in Indonesia. Named as Pertamina Rosneft Pengolahan dan Petrokimia (Indonesia), the
Ecopetrol to Invest $3.5-4 Billion to Boost Oil Production, Colombia
November 30, 2017
Colombian state-owned oil major Ecopetrol has revealed its plans to invest $3.5-4bn in 2018, aimed at boosting its reserves and hydrocarbon production. The company is looking to have a production of 715,000 to 725,000 barrels of petroleum-equivalent per day in
Saudi Aramco Signs $4.5 Billion Deals for Oil and Gas Projects
November 30, 2017
Saudi Aramco signed eight agreements worth $4.5bn with oil and gas service contractors, mainly to enhance gas production. The firm has signed three agreements with Madrid-based Técnicas Reunidas for a gas compression program, which aims to improve production from the
Perenco to Acquire Premier Oil’s Stake in Wytch Farm Oil Field for $200 Million, UK
November 28, 2017
London-based oil and gas explorer Premier Oil has reached a deal to sell its stake of 33.8 percent in the Wytch Farm onshore oil field in the UK to Perenco UK for $200m in an all-cash deal. The transaction sees
Ineos to Supply Ethane from U.S. Shale Gas to China’s SP Chemicals
November 27, 2017
Petrochemical giant Ineos has signed a long-term agreement to supply ethane produced from US shale gas to Chinese chemicals firm SP Chemicals for its industrial production. First delivery of the US ethane, which will be done through a 95,000cbm capacity
Inpex Initiates Startup of Combined Cycle Power Plant for $34 Billion Ichthys LNG Project, Australia
November 21, 2017
Inpex has initiated the start-up of gas turbine generators at 490MW onshore combined cycle power plant (CCPP) near Darwin, Northern Territory, Australia, which will provide power capacity for the $34bn Ichthys LNG Project. The move marks a step ahead for
Orpic to Commence Start Up Activities at Mina Al Fahal Refinery
November 21, 2017
Oman Oil Refineries and Petroleum Industries Company’s (Orpic) Mina Al Fahal Refinery has commenced its startup operations after a major turnaround, maintenance and project activities. The major turnaround started from October 3rd for a period of 45 days and is
ADNOC to Modernize Bab Oil Project to Increase Production Capacity, Persian Gulf
November 20, 2017
The Abu Dhabi National Oil Company (ADNOC) says that it will invest a significant amount to modernize the Bab development project in Persian Gulf to increase the production capacity of the onshore oil field. According to the UAE state-owned company,
Shell to Sell Stake in Australia’s Woodside Petroleum for $1.7 Billion
November 20, 2017
Royal Dutch Shell has signed an agreement to divest part of its stake in Australian energy group Woodside Petroleum to equity investors for about $1.7bn (A$2.2bn). Shell Energy Holdings Australia (SEHAL), a unit of Shell, has agreed with two investment
AG&P to Develop LNG Import Terminal at Karaikal Port, India
November 20, 2017
The Philippines-based Atlantic, Gulf and Pacific Company (AG&P) will develop a $200m liquefied natural gas (LNG) import terminal at the Karaikal Port in the Indian territory of Puducherry. The company has signed an exclusivity agreement with Karaikal Port (KPPL) in
