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Eni Ships Its First LNG Cargo from Jangkrik Field, Indonesia
July 7, 2017
Eni carried out its first shipment of liquefied natural gas (LNG) produced for the Indonesian domestic market by the Jangkrik field, which is located in Indonesia in deep water. The 22,500 cubic meters cargo left the Bontang Liquefaction Plant, in
Hyundai Heavy Industries Group Signs MOU with KEPCO for Pet-coke Power Plant Businesses
July 7, 2017
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, and its oil refining affiliate Hyundai Oilbank signed an MOU with Korea Electric Power Corporation (KEPCO), the state-run utility, to jointly develop overseas pet-coke based power plant businesses. Pet-coke or petroleum coke
Regal to Divest Ukrainian Gas Production Assets to Smart Energy
July 7, 2017
Regal Petroleum has agreed to divest all of its Ukrainian gas production assets to Smart Energy. Under the deal, Smart Energy will acquire Mekhediviska-Golotvshinska, Svyrydivsk and Vasyschevskoye fields from Regal. The Ukrainian fields produce gas, condensate and LPG. The Ukrainian
Cheniere Energy Begins Delivery of U.S.-sourced LNG to Korea Gas Corporation
June 30, 2017
Cheniere Energy has commenced the delivery of US-sourced liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS). Under the 20-year sales and purchase agreement (SPA), Cheniere is supplying the US-sourced LNG to KOGAS from the Sabine Pass Liquefaction facility in
GE Secures Subsea Equipment and Services Deal with Eni East Africa’s Coral South Project
June 30, 2017
GE Oil & Gas has expanded its relationship with Eni East Africa, which is developing the Coral South floating LNG (FLNG) project offshore Mozambique, by signing a long-term agreement for subsea equipment and services. Eni and CNPC are the shareholders
EC Approves Ineos’ $1.3 Billion Acquisition of Dong Energy’s Oil and Gas Business
June 27, 2017
UK-based petrochemical giant Ineos’ $1.3bn acquisition of Dong Energy’s upstream oil and gas business has been approved by the European Commission (EC). The EC has cleared the merger, saying that it does not lead to any competition concerns. Its conclusion
Libya’s Increased Oil Production Thwarts OPEC’s Reduction Plans
June 27, 2017
The price of oil keeps sinking, and there is no shortage of reasons. American oil companies are producing too much petroleum. The Organization of the Petroleum Exporting Countries has not cut production enough. Motorists around the globe are not driving
Poland Suspends Gas Supply from Russia Through Yamal Pipeline Citing Poor Quality Gas
June 26, 2017
Poland has suspended gas transports via the transnational Yamal – Europe pipeline from Russia, citing poor quality of the gas. The suspension has been reported to be temporary as it could be lifted once the quality of the gas is
Norway Opens Bidding for 102 Offshore Blocks in New Licensing Round
June 26, 2017
The Norwegian government has initiated a licensing round for 102 offshore blocks located predominantly in the Barents Sea. In what will be the 24th licensing round on the Norwegian Continental Shelf, oil and gas companies will get the opportunity to
Northern Petroleum Acquires Onshore Gas Assets from Rockhopper, Italy
June 23, 2017
UK-based energy company Northern Petroleum has acquired the onshore production and development gas assets in Italy from Rockhopper Exploration’s subsidiary Rockhopper Mediterranean. The acquisition includes stake in the Aglavizza production concession, which contains the producing Civita gas field and associated
