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Australia-based Origin Energy to Sell Upstream Oil and Gas Business for $1.24 Billion
October 2, 2017
Australia-based Origin Energy has agreed to divest Lattice Energy, its conventional upstream oil and gas business, to Beach Energy for A$1.58bn ($1.24bn). The sale will simplify Origin’s business, cut down on debt and boost returns to shareholders. Proceeds from the
Ineos to Acquire Dong Energy’s Upstream Oil and Gas Business for $1.3 Billion
October 2, 2017
Dong Energy has secured regulatory approvals to divest its upstream oil and gas business to Ineos. The Danish and Norwegian authorities approved the indirect transfer of the oil and gas licenses in the respective countries. The UK-based petrochemical giant Ineos,
UK-based President Energy to Acquire Chevron’s Argentine Oil Assets
September 25, 2017
UK-based President Energy has agreed to acquire 100 percent stake of Chevron Argentina in two oil producing assets in the Neuquén Basin to take its production to over 2,000bopd in Argentina. The assets added by President Energy are located in
AleAnna Resources Receives Natural Gas Production Approval at Gradizza Field, Italy
September 21, 2017
BRS Resources Ltd., the operational partner of AleAnna Resources, said AleAnna Resources has received the final approvals from the Italian Ministry of Environment and the Italian Ministry of Heritage and Culture on the production concession application for the Gradizza natural
Jacobs Engineering Signs Global Enterprise Framework Agreement With Shell
September 20, 2017
Jacobs Engineering Group Inc. has signed a global enterprise framework agreement (EFA) renewal with Shell Oil Company to provide concept, front-end engineering, detailed design, procurement, project management, construction management and construction services for Shell projects globally. The agreement aligns with
Baker Hughes to Provide Fullstream Support for Twinza’s Offshore Project, Gulf of Papua
September 20, 2017
Baker Hughes, a GE company, had entered into one of the first agreements of its kind with Twinza Oil Limited to provide fullstream support on the Pasca A gas condensate field, which is located off Papua New Guinea in the
Saudi Arabia to Seek Bidders for 1,000-mile Red Sea-Gulf Railway
September 19, 2017
Saudi Arabia plans to seek bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Persian Gulf as early as the end of this year, signaling the go ahead for a long-delayed project seen as
Russia’s Rosneft Eyes Iraqi Kurdistan Gas Pipeline Deal
September 19, 2017
Russian energy giant Rosneft announced Monday it intends to help build a gas pipeline in Iraqi Kurdistan, a move bolstering Moscow’s links to the region as it eyes independence. The state-run firm said it had “negotiated” with local authorities the
GE to Supply Equipment for Shapoorji Pallonji Group’s Combined Cycle Power Plant, Bangladesh
September 19, 2017
GE has secured a contract to supply power generation equipment for Shapoorji Pallonji Group’s 200MW combined cycle power plant in the Bhola district of Bangladesh. Being developed by the SP Group, the power plant will operate on duel-fuel technology, with
CNOOC and Inpex Scrap Plans to Develop Aurora LNG Project, Canada
September 18, 2017
China’s CNOOC and Japan’s Inpex of Japan have scrapped plans to go ahead with the development of the Aurora LNG project in British Columbia, Canada. The project was planned to have an annual exporting capacity to 24 million tonnes of
