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May 2016

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NextDecade seeks FERC approval for Rio Grande LNG project in Texas, US 06 May 2016 US-based liquefied natural gas (LNG) development company NextDecade has filed an application with the Federal Energy Regulatory Commission (FERC) to secure approval for its proposed Rio Grande...

Report: Long-term LNG contracts inked in the first quarter of 2016 06 May 2016 The biggest LNG contract in Q1, 2016 was signed for the import of 3.8mtpa of LNG between Pakistan and Qatar, according to GlobalData’s new...

Renco and Terna to provide EPC services for TAP project’s compressor stations 06 May 2016 A joint venture comprising Italy’s Renco and Greek construction company Terna have been selected to provide engineering, procurement and construction (EPC) services for the Trans Adriatic...

Deals of the week: Synergy Resources Corporation, EQT Corporation, Freehold Royalties 06 May 2016 Synergy Resources Corporation has signed a pact with Noble Energy for the acquisition of certain oil and gas assets in the Greeley Crescent area in DJ Basin, Colorado,...

Noble Energy to divest oil and gas properties in US for $505m 05 May 2016 Noble Energy has signed an agreement to sell oil and natural gas properties in the Greeley Crescent area of Weld County, Colorado, US, to Synergy Resources for $505m....

OMV signs MoU with NIOC for potential oil and gas development in Iran 05 May 2016 Austria's integrated oil and gas company OMV has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) in a bid to revive its activities in...

Cue Energy secures permit term extension for Mahakam Hilir PSC in Indonesia 05 May 2016 Indonesia's upstream regulator SKK Migas has approved a four-year extension to Cue Energy Resources’ Mahakam Hilir production sharing contract (PSC) in Kutai Basin, East Kalimantan, until May...

Petrobras completes sale of 67.2% stake in Argentina unit for $892m 04 May 2016 Brazil-based oil producer Petroleo Brasileiro (Petrobras) has completed the previously announced sale of its 67.2% stake in Petrobras Argentina (PESA) unit to Pampa Energía for...

EQT to acquire Statoil’s operated properties in US for $407m 04 May 2016 US-based petroleum and natural gas company EQT has agreed to acquire Statoil’s operated properties in West Virginia, US, for...

Husky Energy to sell interests in Western Canada oil properties for $163m 04 May 2016 Husky Energy has signed an agreement to sell royalty interests in oil properties in Western Canada to Freehold Royalties, in a transaction valued at...

UGI secures FERC approval to construct and operate Sunbury pipeline in US 03 May 2016 UGI Energy Services’ subsidiary UGI Sunbury has secured the US Federal Energy Regulatory Commission (FERC) approval to construct and operate the 35-mile long Sunbury...

Halliburton and Baker Hughes abandon $34.6bn merger over regulatory issues 03 May 2016 US-based Halliburton and Baker Hughes have abandoned their previously announced merger valued at $34.6bn, due to opposition from the US and European...

Russia's $27bn Yamal LNG signs loan agreement with two Chinese banks 03 May 2016 Russia's $27bn Yamal liquefied natural gas (LNG) project has signed 15-year loan agreements worth more than $12bn with Export-Import Bank of China and the China Development...

April 2016

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Report: Indonesia set to introduce fiscal changes to offset low prices and regulatory uncertainty 29 April 2016 Indonesia plans on introducing new and attractive fiscal terms in contracts beginning 2016 to combat regulatory uncertainty and weak oil prices, says a new GlobalData...

Kuwait National Petroleum signs $3.98bn loan for Clean Fuels Project 29 April 2016 State-owned refiner Kuwait National Petroleum Co (KNPC) in the Middle East has signed the first tranche of a loan worth $3.98bn for its Clean Fuels...

Deals this week: Tallgrass Energy Partners, American Midstream Partners, Power Assets Holdings Limited 29 April 2016 Tallgrass Energy Partners, LP (TEP), has issued 2,416,987 common shares through a private placement, raising...

Amec Foster Wheeler forms strategic alliance with DeltaValve 29 April 2016 Amec Foster Wheeler has formed a strategic alliance related to the centre feed technology of DeltaValve, which is a provider of equipment and control systems for the delayed coking segment of...

M&As this week: Laclede, AET Tankers, Abastible, Con Edison 29 April 2016 The Laclede Group, Inc has reached an agreement with Sempra U.S. Gas & Power, LLC for the acquisition of EnergySouth, Inc The $390m transaction will allow Laclede to deliver reliable natural...

US committee passes pipeline safety reauthorisation bill 28 April 2016 The US House Energy and Commerce Committee has passed the pipeline safety reauthorisation bill HR 5050....

Suncor Energy to acquire 5% stake in Syncrude Canada for $743m 28 April 2016 Oil and gas producer Suncor Energy has agreed to acquire a further 5% stake in Syncrude Canada from Murphy Oil's subsidiary, for approximately C$937m ($743m)....

Parex signs agreements with Ecopetrol to earn stake in Colombia’s De Mares and Playon blocks 28 April 2016 Parex Resources has signed two agreements with Ecopetrol to operate and earn a 50% working interest in Colombia’s De Mares and Playon blocks in the Middle Magdalena Basin....