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Lukoil Begins Operations at Its South-West Gissar Project, Uzbekistan
August 29, 2017
Lukoil has started operations of the main production and process facilities at its South-West Gissar project in Uzbekistan. Gissar project includes seven fields, comprising of Adamtash, Djarkuduk - Yangi Kizilcha, Gumbulak, Amanata and Pachkamar gas condensate fields, as well as
AGL Energy to Divest North Queensland Gas Assets to Chinese-Australian Consortium
August 29, 2017
AGL Energy has agreed to divest its North Queensland gas assets to a consortium featuring Chinese gas distributor Shandong Order Gas and Orient Energy, an Australian energy investment firm. The sale is part of AGL’s strategy to quit the exploration
Novatek Subsidiaries Secures Licenses in Yamal and Gydan Peninsulas, Russia
August 29, 2017
Natural gas producer Novatek said that its subsidiaries OOO Arctic LNG-2 and OOO Novatek-Yurkharovneftegas have bagged new license areas in the Yamal and Gydan peninsulas in Russia. The licenses are expected to expand the resource base of Pao Novatek significantly
KrisEnergy to Develop Offshore Cambodian Oil Field, Gulf of Thailand
August 28, 2017
Singapore-based upstream company KrisEnergy has inked agreements with the Cambodian government to develop an oil field in the Gulf of Thailand to produce Cambodia’s first oil in its offshore waters. The three-phase oil field development will take place in the
ONGC to Acquire 51% Stake in Hindustan Petroleum from Government of India
August 28, 2017
India’s Oil and Natural Gas Corp (ONGC) stated that its board of directors has approved in principle the acquisition of a 51 percent stake in Hindustan Petroleum (HPCL) from the Indian government. The transaction was reported by Press Trust of
Rosneft and Partners Acquire 98% Stake in India’s Essar Oil for $12.9 Billion
August 28, 2017
Russian oil firm Rosneft, along with a investment consortium of Trafigura and United Capital Partners (UCP), has completed the acquisition of 98 percent interest in India-based Essar Oil for around $12.9bn. As per terms of the agreement, Rosneft has purchased
Total to Acquire Maersk Oil for $7.45 Billion
August 24, 2017
Total has agreed to acquire Danish exploration and production company Maersk Oil & Gas (Maersk Oil) from A.P. Møller — Mærsk for a sum of $7.45bn in a share cum debt deal. The acquisition is expected to bolster Total’s existing
Samsung Engineering Secures $500 Million EPCC Contracts from Thailand’s PPT
August 22, 2017
Korean giant Samsung Engineering has secured two contracts worth $500m from two subsidiaries of Thailand’s state-owned oil & gas company PPT. The two contracts include a petrochemical project and a power generation project. The power generation project will be located
SABIC Acquires 50% Stake in SADAF Chemicals JV from Shell for $820 Million, Saudi Arabia
August 22, 2017
SABIC has completed the acquisition of 50 percent stake in SADAF petrochemicals joint venture (JV) from Shell for around $820m. The deal was announced by the firms in January this year. Located in Jubail of Saudi Arabia, SADAF JV includes
Saipem Secure $850 Million E&C Contract for Al Zour Refinery, Kuwait
August 22, 2017
Saipem has bagged a new onshore engineering and construction (E&C) contract of worth nearly $850m relating to the new Al Zour refinery in Kuwait. The Italian oil and gas industry contractor will handle the procurement, construction and commissioning (EPC) for
