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July 2016

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INA begins test production in Vuckovec and Zebanec gas fields in Croatia 29 July 2016 MOL’s subsidiary INA has begun its test production in its Vučkovec and Zebanec gas fields in Croatia after making a HRK450m ($64m) investment programme in the Međimurje...

Cooper Energy delays sale of 55% interest in TangaiSukananti KSO, Indonesia 29 July 2016 Cooper Energy has announced that completion of the previously announced sale of its 55% interest in the TangaiSukananti KSO in South Sumatra Basin, Indonesia, would be delayed as...

Report: Fiscal regime instability continues as countries weather falling oil prices 29 July 2016 The global implication of a low oil price environment on the fiscal and regulatory framework of countries is evident even after two years of the start of the oil crisis, says a GlobalData...

Deals this week: Freeport-McMoRan, Viper Energy, Clayton Williams Energy 29 July 2016 Freeport-McMoRan Oil & Gas LLC (FM O&G), a wholly-owned subsidiary of Freeport-McMoRan Inc. has disposed its Haynesville shale gas assets in north Louisiana,...

M&As this week: Shell Midstream Partners, Royale Energy, Phillips 66 Partners 29 July 2016 Shell Midstream Partners, L.P has signed a pact to acquire a 2.62% stake in Explorer Pipeline Company...

Expro secures contracts from India’s Oil and Natural Gas 28 July 2016 UK-based oilfield services company Expro has secured new contracts from India’s Oil and Natural Gas...

Trellis Energy launches as separate corporate entity 28 July 2016 US-based Trellis Energy, previously part of business consulting firm Blackstone Technology Group, has been launched as a separate corporate entity, wholly-owned by Blackstone....

Tüpras selects Honeywell technology to boost fuel production at Izmit facility in Turkey 28 July 2016 Turkey’s oil refiner Tüpraş is using Honeywell UOP’s technology to boost diesel fuel production at its facility in...

ExxonMobil to increase sulfur fuels production at Beaumont refinery in US 27 July 2016 ExxonMobil is set to increase ultra-low sulfur fuels production at its Beaumont refinery in Texas,...

Schlumberger to fund Sound Energy’s Badile well 27 July 2016 Schlumberger has signed an agreement to invest €7.5m to offer services on Sound Energy’s forthcoming Badile well....

Weatherford and IBM to develop new products for oil and gas producers 27 July 2016 US companies Weatherford International and IBM have signed a joint initiative agreement (JIA) to develop new products and services for oil and gas...

Zargon Oil & Gas to sell Southeast Saskatchewan assets 26 July 2016 Canadian-based Zargon Oil & Gas has signed an agreement for the sale of all of its Southeast Saskatchewan assets in a transaction worth C$89.5m ($67.9m)....

Golar and Schlumberger form JV to develop gas reserves 26 July 2016 Bermuda-based Golar and US company Schlumberger are set to join forces to create a new joint venture (JV) ‘OneLNG’ to develop low cost gas reserves to LNG....

Gazprom Neft commissions new production well at Badra field in Iraq 26 July 2016 Gazprom Neft Badra has commissioned its tenth production well (P-07) at the Badra oil field located in the Wasit Province, Eastern Iraq....

Origin Energy spuds Beetaloo W-1 well in onshore Beetaloo basin 25 July 2016 Australian-based Origin Energy has spudded the Beetaloo W-1 well in EP117 in the Northern Territory’s onshore Beetaloo...

Silver Run to acquire stake in Centennial Resource 25 July 2016 Silver Run Acquisition has signed an agreement to acquire a stake in US-based Centennial Resource Production....

Russia’s $27bn Yamal LNG project to receive power equipment from AEG 25 July 2016 AEG Power Solutions has secured a contract to supply equipment for the $27bn Yamal LNG project in...

M&As this week: Skeye and International Petroleum 22 July 2016 Aerial and topographical surveying services provider Skeye BV has merged with topographic survey company Skycap...

Report: Iran’s Changuleh project to start production by 2018 22 July 2016 The multi-phased Changuleh field development project is planned to start production by late-2018 and will produce 15,000 barrels per day (bpd) of crude oil, according to a GlobalData...

Technip wins contract for SCT&E LNG’s $6.9bn export terminal in US 22 July 2016 Technip has secured a contract for SCT&E LNG’s proposed $6.9bn liquefied natural gas (LNG) export terminal on Monkey Island in Cameron Parish, Louisiana,...

Deals this week: Pantheon Resources plc, Sabinal Energy, LLC, Bellatrix Exploration Ltd 22 July 2016 UK-based oil and gas exploration company Pantheon Resources plc has agreed to purchase an 8% working interest in two prospects in Texas, US, from an undisclosed...