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Excelerate Energy and IFC Secure Financing for Bangladesh’s First Floating LNG Import Terminal
July 17, 2017
Excelerate Energy and International Finance Corp (IFC) have secured financing for Bangladesh’s first floating liquefied natural gas (LNG) import terminal, the Moheshkhali project. The project, which will be located offshore Moheshkhali island in the Bay of Bengal, will be build
Petrobras Puts Up Maromba Oil Field for Sale, Offshore Brazil
July 14, 2017
Petróleo Brasileiro (Petrobras) has initiated the sale of the Maromba oil field, located southeast in the Campos Basin in offshore Brazil. While the Brazilian state-run oil company holds an operating stake of 70 percent, Chevron Brasil Petróleo holds the remainder
Mozambique’s First Deepwater Gas Field Development to be Discussed in October Summit
July 12, 2017
The announcement last month from Eni and the Mozambican Government on signing the Coral South floating LNG facility became the first of its kind for the African nation. This marks the start of an implementation phase for the gas industry
Russia’s Gazprom Neft Forms JV with Spanish Firm Repsol
July 11, 2017
Russian oil firm Gazprom Neft has purchased a 25.02 percent interest in Evrotek-Yugra from Spain-based Repsol. The deal will also allow Gazprom to increase its stake to 50 percent in Evrotek-Yugra, which has exploration and production rights to seven license
Qatar Petroleum to Expand LNG Production by 30%
July 11, 2017
Qatar Petroleum has announced plans to increase Qatar’s liquefied natural gas (LNG) production by 30 percent from 77 million to 100 million tons per year. The expansion in production volumes will be met by doubling the size of the new
Niti Aayog Promotes Methanol-from-Coal to Cut Down LPG Import Bill
July 11, 2017
The government is promoting coal gasification to convert high ash coal into methanol that can be used as cooking gas, with an aim to cut down dependence on West Asian countries for LPG imports, Niti Aayog member V K Saraswat
Altrad to Acquire UK-based Oil Services Provider Cape for $291 Million
July 10, 2017
French construction equipment maker Altrad Investment Authority has agreed to acquire UK-based oil services company Cape for approximately £332.2m in an all-cash deal. The acquisition is expected to result in a number of significant benefits owing to the strategic fit
Statoil Begins Production at Gina Krog Field, Norwegian North Sea
July 7, 2017
Gina Krog oil and gas field, located 30 km northwest of Sleipner field on the Utsira High in the Norwegian North Sea, has started production on June 30. Statoil Petroleum is the operator of Gina Krog, with an interest of
EC Clears Shell’s Sale of Northern North Sea Petroleum Business to Chrysaor for $3.8 Billion
July 7, 2017
Royal Dutch Shell has received the European Commission approval to sell Northern North Sea petroleum operations to British oil and gas company Chrysaor for $3.8bn. The target assets consist of Shell’s Northern North Sea asset portfolio, which includes Beryl (39.4
McDermott Secures EPCIC Contract for Angelin Gas Field in Trinidad and Tobago
July 7, 2017
McDermott International has secured engineering, procurement, construction, installation and commissioning (EPCIC) contract from BP Trinidad & Tobago (bpTT) for the Angelin gas field. Angelin gas field is situated 25 miles off the east coast of Trinidad and Tobago. It is
