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Add Energy and Partners Look to Tap Smaller Gas Assets with New FLNG Concept
October 23, 2017
Add Energy has partnered with Transborders Energy (TBE) to develop a small floating liquefied natural gas (FLNG) concept to tap the small-scale stranded gas resources around the world. Add Energy and Transborders Energy also joined forces with TechnipFMC and MODEC
European Bank (EBRD) to Provide $500 Million Funding for TANAP Pipeline Project, Europe
October 23, 2017
The European Bank for Reconstruction and Development (EBRD)’s board of directors has approved a funding of $500m for the $8.6bn Trans-Anatolian Natural Gas Pipeline (TANAP) which will transport natural gas from Azerbaijan directly to Europe. EBRD’s loan will fund the
Third Energy Secures Approval for Fracking of Shale Gas in UK
October 23, 2017
UK Environment Agency has approved Third Energy’s hydraulic fracturing of shale gas at the KM8 well located at Kirby Misperton in North Yorkshire. The hydraulic fracture plan (frack plan), which outlines how the firm will control and monitor the process,
IC Power Israel to Acquire Rights to Construct Natural Gas Power Station at Plugot Junction, Israel
October 20, 2017
IC Power Israel (ICPI) has entered into an agreement to acquire 95 percent of the shares of Zomet Energy Ltd. from Ipswich Holdings Netherlands B.V. (47.5 percent) and Rapac Energy Ltd. (47.5 percent). Zomet holds the rights to develop a
Shell to Sell Its Stake in Brazil’s Comgas for $380 Million
October 17, 2017
Royal Dutch Shell has signed an agreement to divest its entire 16.8 percent stake in a Brazilian gas distribution company, Companhia de Gas de São Paulo (Comgás), to Brazilian energy company Cosan for $380m. Under the terms of the deal,
Queensland Releases Onshore Exploration Acreages for Gas, Minerals and Coal
October 16, 2017
The Queensland government has released the 2017-18 annual exploration programs comprising more than 19,000km2 for gas, minerals and coal exploration. Queensland Natural Resources and Mines Minister Dr. Anthony Lynham said that the government will offer the areas for exploration for
Glencore to Acquire Stakes in Chevron’s South African and Botswana Assets
October 10, 2017
Anglo–Swiss miner Glencore has agreed to acquire Chevron’s South African and Botswana assets for $973m from local investor Off The Shelf Investments Fifty Six (RF) Proprietary (OTS). The mining and commodities company will acquire 75 percent stake in Chevron South
WorleyParsons to Acquire Amec’s Former UK Oil and Gas Assets for $260 Million
October 10, 2017
Australian engineering group WorleyParsons has agreed to acquire former upstream oil and gas division of Amec Foster Wheeler for £228m, making an entry into the UK North Sea market. The unit, AFW UK Oil & Gas represents a majority of
Chevron Acquires Exploration Interests in Three Blocks, Offshore Western Australia
October 9, 2017
Chevron Australia has bought exploration interests in three offshore blocks situated in the Northern Carnarvon Basin off the Western Australia coast. The exploration blocks WA-528-P, WA-529-P and WA-530-P, which are spread over an area of 23,170km², are situated around 220km
Saffron to Acquire Sound Energy and Po Valley’s Assets, Italy
October 9, 2017
Saffron Energy is set to acquire Sound Energy and Po Valley Energy’s Italian interests and permits. Non-binding conditional heads of terms have been agreed to this effect by all the sides. Under the proposed deal, Saffron will acquire Sound’s subsidiary
