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Archive of industry news from the global hydrocarbons industry

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October 2014

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Statoil and Shell secure onshore Algeria exploration licence
02 October 2014 Statoil and Shell have secured the Timissit Permit Licence in the Illizi-Ghadames Basin, onshore...

Dominion wins US FERC approval for Cove Point LNG export project
01 October 2014 Dominion has secured approval from the US Federal Energy Regulatory Commission (FERC) to build and operate the Cove Point LNG liquefaction and export project, which is expected to cost...

ABB wins contract to support South Tunisian Gas Project
01 October 2014 ABB has secured a contract worth $216m from OMV Tunisie Production to deliver a gas treatment plant to the South Tunisian Gas Project...

September 2014

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Encana to acquire Athlon Energy in $7.1bn deal
30 September 2014 Canadian natural gas producer Encana has agreed to acquire the US-based independent exploration and production firm Athlon Energy in a $7.1bn definitive merger...

MedcoEnergi discovers additional oil and gas in Indonesia and Libya
30 September 2014 MedcoEnergi has explored and discovered further oil and gas from two wells located in Indonesia and Libya...

EBRD signs syndicated loan with Kazakhstan oil firm
29 September 2014 The European Bank for Reconstruction and Development (EBRD) has signed a syndicated loan with Kazakhstan private oil company KOM...

INEOS to share £2.5bn of Shale gas profits with communities in UK
29 September 2014 INEOS intends to give 6% of its revenues from Shale gas to communities who live above its operations sites in the UK....

Mongolia's fiscal terms attractive for investors, says GlobalData
26 September 2014 The fiscal and regulatory provisions for upstream oil and gas sector in Mongolia is attractive for investors, especially following the recent clarification of legal framework on the exploration...

ATCO partners with Petrogas to build hydrocarbon storage facility in Canada
26 September 2014 In a partnership with Petrogas Energy, ATCO Energy Solutions plans to develop four salt caverns, with a capacity to store around 400,000m³ of propane, butane and...

Pavilion Gas to buy LNG from BP
25 September 2014 Pavilion Gas, a subsidiary of Pavilion Energy, has agreed to buy 400,000tpa of liquefied natural gas (LNG) from BP for 20 years, starting in 2019....

Parkmead discovers new gas field in Netherlands
25 September 2014 Oil and gas explorer Parkmead has discovered a new gas field in the...

Drilling to start at South Malak-2 exploration well in Egypt
24 September 2014 Drilling is set to commence immediately at the South Malak-2 exploration well in...

GE to support ROG expansion project at Total’s Antwerp refinery in Belgium
24 September 2014 GE Oil & Gas has secured a contract to provide several compressors for a refinery off-gas (ROG) expansion project at Total’s Antwerp refinery complex in Belgium....

Veresen to acquire GIP’s 50% stake in Ruby pipeline for $1.42bn
23 September 2014 Veresen has agreed to acquire 50% convertible preferred interest in the Ruby pipeline system from Global Infrastructure Partners (GIP) for...

Ramba Energy to sell 25% stake in Indonesian Lemang PSC
23 September 2014 Ramba Energy has agreed to sell its 25% interest in the Lemang oil and gas block in Indonesia to Risco Energy Investments (REI) for $157.5m....

Accenture introduces new solution for North American oil and gas firms
22 September 2014 Accenture, in collaboration with SAP, has introduced a new technology platform designed for medium and small-sized independent oil and gas firms in North...

Siemens to acquire Dresser-Rand for $7.6bn
22 September 2014 German engineering company Siemens has agreed to acquire US-based oil equipment manufacturer Dresser-Rand for around...

PSEG Power joins $1bn pipeline project in New Jersey, US
19 September 2014 PSEG Power has joined a consortium of companies that is building a $1bn pipeline project in New Jersey,...

Enbridge to transfer 66.7% interest in US pipeline segment to Houston affiliate
19 September 2014 Enbridge has proposed to transfer its 66.7% interest in the US segment of the Alberta Clipper Pipeline to its affiliate, Enbridge Energy Partners (EEP), for around...

Air Products wins contract to support Freeport LNG’s project in US
18 September 2014 Air Products has secured a contract to supply two sets of its LNG technology, equipment and process licenses for Freeport LNG’s liquefaction and export project in the...

Survey finds Scotland must convince people on shale gas fracking if it votes for independence
18 September 2014 A new survey by the University of Nottingham has revealed that if Scotland votes for independence, the newly elected government must work hard in convincing people on shale gas...