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Trump Mulls Oil Sanctions Against Venezuela
August 1, 2017
President Donald Trump is considering sanctions on Venezuela’s oil industry that could benefit U.S. oil interests, according to a foreign policy expert. “The Trump Administration likely floating the idea of sanctions on Venezuelan oil clearly shows Washington’s displeasure with the
Ambit Energy Expands Its Presence Into Japanese Market
August 1, 2017
Texas, US-based direct energy seller Ambit Energy has expanded its presence to the Japanese market, as part of its international expansion plans. Japan had fully deregulated its retail electricity market as on April, last year. This move from the government
Clarke Energy to Supply GE Gas Technology to APA Group’s Gas-fired Plant, Australia
August 1, 2017
Clarke Energy has bagged an engineering, procuring and construction (EPC) contract for a 45MW gas-fired power station in Australia owned by APA Group. A distributor and service partner of GE, Clarke Energy will provide the latter’s 11 Jenbacher J624 gas
Anadarko Finalizes Agreement with Mozambique Gov’t to Build and Operate Marine Facilities for LNG
August 1, 2017
Anadarko Petroleum Corporation (Anadarko) has announced that it had finalized two agreements with the Government of Mozambique — together known as the “marine concessions” — which would allow it to design, build and operate the marine facilities for its LNG
Marubeni Secures EPC Contract for PT Indonesia Power’s New Gas Power Plant, Indonesia
July 31, 2017
PT Indonesia Power has awarded an engineering, procurement and construction (EPC) contract to the consortium of Marubeni, General Electric (GE) and PT. Hutama Karya (PK) for the Tambak Lorok combined cycle power plant block 3 project in Central Java. The
FPSO Sets Off for Journey to Inpex’s $34 Billion Ichthys LNG Project, Australia
July 31, 2017
Inpex has reported that Ichthys Venturer, its floating production, storage and offloading (FPSO) has begun sailing towards Australian waters where it will be put at work for the Japanese company’s $34bn Ichthys LNG Project. The FPSO had sailed away from
Independent Oil and Gas Submits Development Plan for OGA’s Blythe Hub Field, North Sea
July 31, 2017
Independent Oil and Gas (IOG) has submitted a field development plan (FDP) to the UK-based Oil and Gas Authority (OGA) for the Blythe Hub. The Blythe Hub that comprises of the Blythe and Elgood gas fields which are completely owned
Schlumberger to Acquire Majority Stake in Eurasia Drilling
July 28, 2017
Schlumberger has agreed to acquire 51 percent stake in Eurasia Drilling Company (EDC) for an undisclosed sum. Eurasia Drilling provides onshore and offshore drilling and well services for the customers. It owns and operates one of the largest fleets of
Snam to Acquire ITG Pipeline and Stake in Adriatic LNG for $263 Million, Italy
July 28, 2017
Snam has agreed to acquire Infrastrutture Trasporto Gas (ITG) along with a 7.3 percent stake in the offshore Terminale GNL Adriatico (Adriatic LNG) terminal from Edison in Italy for a total price of approximately $263 Million. The transaction is expected
Brookfield to Acquire 60% Stake in Teekay Offshore for $750 Million
July 28, 2017
Asset management firm Brookfield Business Partners has agreed to purchase a stake of 60 percent in Bermuda-based Teekay Offshore Partners for nearly $750m. A subsidiary of Teekay Corporation, Teekay Offshore is a global provider of marine services and solutions focused
