News Archive
Archive of industry news from the global hydrocarbons industryNews By Date
June 2013
Top
EP Energy will sell US gas assets for $1.3bn
US-based company EP Energy has signed three separate purchase and sale agreements to sell natural gas properties in the country for an estimated...
Tethys Petroleum completes farm-out deal in Bokhtar PSC in Tajikistan
Tethys Petroleum has completed the farm-out agreement it announced last December with subsidiaries of Total Exploration and Production and China National Petroleum (CNPC) in...
Par Petroleum signs agreement to acquire Tesoro Hawaii
US-based Par Petroleum has signed an agreement with Tesoro to acquire Tesoro Hawaii for $75m in...
Chevron subsidiary begins LNG production at Angola project
Cabinda Gulf Oil Company, a subsidiary of energy corporation Chevron, has commenced liquefied natural gas (LNG) production at the Angola LNG...
Constitution Pipeline seeks approval to build natural gas pipeline in northeastern Pennsylvania
Constitution Pipeline Company has filed an application with the Federal Energy Regulatory Commission (FERC) for approval to construct a 122-mile pipeline in northeastern Pennsylvania,...
Centrica buys 25% stake in Bowland exploration licence in England
UK-based energy utility Centrica has acquired a 25% interest in the PEDL165 or Bowland exploration licence in Lancashire, England, from Cuadrilla Resources and AJ Lucas for £40m in...
Libya, Tunisia sign oil and gas supply agreement
Libya has signed an agreement with Tunisia to supply about 450,000 barrels of oil a month until the end of 2013 and 650,000 barrels per month during 2014, at special...
RockBridge Resources to acquire Avatar Energy’s oil and gas assets in Alberta, Canada
RockBridge Energy Alberta, a wholly-owned subsidiary of Canada-based RockBridge Resources, has signed a purchase and sale agreement with Avatar Energy to acquire its certain oil and gas...
Statoil to acquire PetroFrontier’s interest in Southern Georgina acreage, Australia
Norway-based energy company Statoil has signed an agreement with PetroFrontier (PFC) to acquire 80% of PFC's working interest in the Southern Georgina play in Northern Territory,...
Petronas plans to invest $20bn in LNG project in Canada
Petronas is planning to invest around $20bn in its liquefied natural gas export project in west...
Americas Petrogas discovers new production areas in Medanito Sur block, Argentina
Canada-based Americas Petrogas has discovered four new production areas in three regions of the Medanito Sur block in...
GE to supply Waukesha gas engines to Howard Midstream Energy Partners
US-based multinational conglomerate GE has said that it will deliver three of its ecomagination qualified Waukesha 16-V 275GL+ gas engines to Howard Midstream Energy...
Atlas Resource Partners to acquire gas reserves from EP Energy
US-based Atlas Energy said that its E&P subsidiary Atlas Resource Partners (ARP) has signed an acquisition agreement worth about $733m, with EP Energy E&P Company, a wholly-owned subsidiary of...
Bengal Energy commissions Cuisinier to Cook pipeline in Cooper Basin, Australia
Canada-based oil and gas company Bengal Energy has commissioned the Cuisinier to Cook liquids pipeline, located on the Barta sub-block of Authority to Prospect (ATP) 752P in the...
Centrica plans to acquire a stake in Bowland shale from Cuadrilla Resources
British Gas owner, Centrica, is in ongoing negotiations with Cuadrilla Resources about acquiring stakes in the Bowland shale in the north-west of...
Pacific Connector files application to build gas pipeline system in Oregon, US
US-based Pacific Connector Gas Pipeline has filed an application with the Federal Energy Regulatory Commission (FERC) for an approval to construct, own and operate a natural gas...
Larsen Toubro Arabia secures engineering, construction contract from Saudi Aramco
Larsen Toubro Arabia has secured an engineering, procurement and construction (EPC) contract from Saudi Aramco worth...
Australia holds vast shale gas prospect, lacks proper infrastructure, says report
A new report from Australian Council of Learned Academies (ACOLA) has stated that Australia contains around 1,000 trillion cubic feet of untapped shale gas, but requires effective...
BP, ExxonMobil and ConocoPhillips to make additional investments in Alaska, US
BP, ExxonMobil and ConocoPhillips are planning to invest an additional $1bn in the next five years on the North Slope of Alaska, after being encouraged by Alaska's new industrial oil tax...
Petrofac JV secures engineering and construction contract to develop Bab Field in UAE
UK-based Petrofac has announced that its joint venture (JV) with Mubadala Petroleum, Petrofac Emirates, has secured an onshore engineering, procurement and construction (EPC) contract worth...
Contact Exploration signs agreement to supply LNG to E.ON
Pieridae Energy has signed a long-term sales agreement with E.ON Global Commodities SE (E.ON), a subsidiary of...
Total plans to partner with Exxon Mobil and Kufpec to explore oil in South Sudan
France-based oil company Total plans to establish partnership with US-based Exxon Mobil and Kuwait-based Kufpec to explore oil in Jonglei state in South...
Freeport-McMoRan Copper & Gold acquires Plains Exploration & Production for $16.3bn
US-based Freeport-McMoRan Copper & Gold (FCX) has completed the acquisition of Plains Exploration & Production Company (PXP) for about...
Tesoro acquires BP’s Carson refinery, related assets in US for $2.4bn
BP has completed the sale of its Carson refinery and related logistics and marketing assets in California, US, to Tesoro for about...
MarkWest Utica EMG develops Utica Shale midstream system in US
US-based MarkWest Utica EMG, a joint venture of MarkWest Energy Partners and The Energy and Minerals Group (EMG), has announced plans to expand its large-scale midstream system in the southern...
Pioneer Natural Resources sells interest in Wolfcamp Shale assets
US-based Pioneer Natural Resources has completed the divestment of its 40% interest in the horizontal Wolfcamp Shale play in the southern portion of the Spraberry Trend Area Field for about...
May 2013
Top
WBI Energy plans new natural gas pipeline in US
US-based WBI Energy, a subsidiary of MDU Resources Group, is planning to build a new natural gas pipeline from western North Dakota to western Minnesota, at an investment of between $650m and...
MasTec buys Big Country Energy Services in Canada
US-based MasTec has acquired Canada-based oil and gas pipeline and facility construction services company Big Country Energy Services and its affiliated operating firms for about...
Williams, Boardwalk Pipeline Partners sign agreement to develop Bluegrass Pipeline in US
US-based Williams and Boardwalk Pipeline Partners have signed a joint venture (JV) agreement to develop Bluegrass Pipeline in the...
TECO Energy to buy New Mexico Gas for $950m
US-based TECO Energy has signed a stock purchase agreement with Continental Energy Systems and its subsidiary New Mexico Gas Intermediate (NMGI) to acquire New Mexico Gas Company (NMGC) for...
GE to invest billions to improve fracking
US-based multinational conglomerate GE is planning to invest billions of dollars to improve...
Rosneft plans to acquire Itera gas firm for $3bn
Russia-based state-controlled oil company Rosneft is planning to acquire local gas firm Itera for $3bn in a bid to strengthen its presence and challenge Gazprom's industry...
Rampart Energy signs agreement to explore in Alaskan North Slope in US
Australia-based Rampart Energy has signed an agreement with US-based Royale Energy to conduct petroleum exploration in the onshore North Slope of...
Beach Energy begins second fracture stimulation programme in Cooper basin, Australia
Australia-based Beach Energy has drilled the Boston-2 vertical well in PEL 218, located in Cooper Basin, to a total depth of 3,803m, as part of its onshore gas exploration...
Gazprom Neft to upgrade Moscow oil refinery in Russia for $1.5bn
Russian oil producer Gazprom Neft said that it will invest RUB50bn ($1.5bn) to upgrade its Moscow oil refinery between 2013 and...
Caballo Energy commences production at Carmen gas processing plant in the US
US-based midstream services company Caballo Energy has commissioned the Carmen gas processing plant in Alfalfa County, Oklahoma,...
Pioneer Natural Resources begins production at Wolfcamp Shale well in Texas, US
US-based oil and gas company Pioneer Natural Resources has commenced production at the rate of 1,572 barrels oil equivalent per day (BOEPD) in the Mabee K #1H well at the Wolfcamp Shale in...
Puralube Holding to build waste oil recycling plant in Germany
Puralube Holding plans to invest €40m to build a waste oil recycling plant at Zeitz Chemical and Industrial Park in...
US Government approves $10bn LNG export facility in Texas
The US government has given its approval to the $10bn liquefied natural gas (LNG) export facility in Texas, to export LNG to countries which do not have free trade agreement (FTA) with the...
Tesoro Logistics amends agreement with Chevron for Northwest Products System
US-based Tesoro Logistics (TLLP) has amended the purchase agreement of Chevron Pipe Line’s Northwest Products System from $400m to...
OMV Petrom to redevelop Oprisenesti oil reservoir in Romania
OMV Petrom said that it will invest €90m to redevelop the Oprisenesti oil reservoir, located in the Braila County in...
Petrominerales secures onshore blocks in Bahia, Brazil
Petrominerales has secured three blocks, including Block REC-T 106 and Block REC-T 107 in the Recôncavo Basin and Block TUC-T 177 in the Tucano Basin of Bahia state, onshore...
Severn Glocon secures LNG contract in Australia
UK-based control valve specialist Severn Glocon has secured a contract to supply 536 engineered control valves for the processing plant on the Ichthys project onshore LNG facilities in...
Tethys Petroleum signs agreement to explore Bayterek block in Uzbekistan
Tethys Petroleum (TPL) has signed a protocol of intent (POI) with Uzbekistan-based national holding company Uzbekneftegaz (UNG), to carry out exploration work on the Bayterek block in the...
TransCanada to divest stake in GTN and Bison pipelines for $1bn
TransCanada has signed an agreement with TC PipeLines to sell a 45% interest in both the Gas Transmission North-West (GTN) pipeline and the Bison Pipeline for...
UK indicates support for EU to import Canadian tar sands
Leaked reports seen by The Guardian show that the UK has rejected a proposal in European Union (EU) negotiations to classify oil from tar sands as highly polluting, giving a strong indication...
Turkey to participate with Exxon Mobil in oil exploration in northern Iraq
A Turkish firm will form a partnership with the Kurdistan Regional Government (KRG) and Exxon Mobil to carryout oil exploration in northern...
Qatar Petroleum plans to extend oil and gas deal with Centrica in North America
Qatar Petroleum International (QPI) is planning to extend its new deal with UK-based Centrica, by buying more gas or tight oil resources across North...
Chevron completes first stage farm-in deal with Beach Energy in Australia
Australia-based Beach Energy and Beach group subsidiaries have signed an agreement with Chevron Australia Exploration and Chevron Australia Holdings for Chevron to farm-in to its joint ventures...
Neste Jacobs and Global Oil Shale sign agreement to collaborate on oil shale development
Finland-based Neste Jacobs and Global Oil Shale Group (GOS) have signed an oil shale development and engineering...
Turkey to support Iraq in building new oil and gas pipelines
The government of Turkey has said it is willing to help Iraq build more pipelines, which it needs to export its crude to world markets as it prepares to ramp up production....
Exxon Mobil, Qatar Petroleum sign agreement to transport LNG to UK
US-based Exxon Mobil and Qatar Petroleum have signed an agreement to transport liquefied natural gas (LNG) to...
Kairiki Energy signs agreement to acquire onshore oilfields in northern China
Australia-based Kairiki Energy has signed a memorandum of understanding (MOU) with Beijing Junlun Runzhong Science & Technology and Hefei Xinxin Petrochemical to acquire two onshore oilfields...
MarkWest Energy acquires midstream assets in Anadarko Basin
US-based MarkWest Energy Partners has signed an agreement with Chesapeake Energy to acquire certain midstream assets in the Anadarko Basin in the US for...
Armada Oil begins production enhancement programme in Louisiana, US
US-based oil and gas company Armada Oil has commenced a programme to increase current production in its fields located in Plaquemines and Lafourche Parishes in Louisiana,...
San Leon Energy agrees to provide fracturing services in Baltic Basin, Poland
Ireland-based San Leon Energy has signed an agreement with United Oilfield Services (UOS) to provide hydraulic well fracturing services for its Baltic Basin wells in...
Apache begins production at wells in Western Desert, Egypt
US-based Apache has begun production at a combined rate of 1,625 barrels of oil and 18.7m cubic ft (MMcf) of natural gas per day in the NRQ 3151-1X well, from two intervals of Jurassic Lower...
Eni discovers new gas at Kirthar Foldbelt field in Pakistan
Eni has announced it has discovered new gas in the Sukhpur block at the Kirthar Foldbelt in...
Wood Group-CCC secures commissioning services contract from Shell Iraq Petroleum
Wood Group-CCC (WGCCC), a subsidiary of Wood Group PSN (WGPSN) and Consolidated Contractors Company (CCC) has received a commissioning services contract from Shell Iraq Petroleum...
India to resume Peace pipeline discussions with Iran
The Indian government has expressed its willingness to resume discussions over the extension of the Iran-Pakistan gas pipeline, also known as the Peace...
Blueknight Energy, Silverado Pipeline to jointly develop crude oil pipeline in Texas, US
US-based Blueknight Energy Partners (BKEP) has announced that it will establish a joint venture (JV) with Silverado Pipeline to co-develop and reactivate a 200-mile crude oil pipeline...
PetroBakken reports rise in first quarter production
Canada-based oil and gas company PetroBakken has reported average production of 49,078 barrels of oil equivalent in the first quarter of 2013, a 4% rise compared to fourth quarter of...
TransCanada to build Heartland Pipeline and TC Terminals projects for $900m
TransCanada has signed an agreement to build and operate the proposed Alberta-based Heartland Pipeline and TC Terminals projects for...
Kinder Morgan Energy buys Copano Energy for $5bn
US-based Kinder Morgan Energy (KMP) has completed the acquisition of Copano Energy for about $5bn....
Regency Energy completes acquisition of Southern Union Gathering for $1.5bn
US-based Regency Energy Partners has completed the acquisition of Southern Union Gathering Company from Southern Union Company for about...
Santos to invest in drilling and appraisal programme in Mereenie field, Australia
Australia-based Santos is planning to invest about $100m in a drilling and appraisal programme in the northern territory of onshore Mereenie field in Amadeus Basin, over the next 12...
Rosneft, Mitsui sign agreement to build petrochemical project in Japan
Russia-based Rosneft and Japan-based Mitsui have signed a Memorandum of Understanding (MoU) to develop a petrochemical project called Far East Petrochemical Company...
April 2013
Top
BP’s earnings rise in first quarter; TNK-BP deal lifts profit
UK-based oil and gas company BP has reported a $4.2bn profit in the first quarter of 2013, which is an increase compared to $3.9bn in the fourth quarter of last year, but a fall from the $4.7bn...
ExxonMobil commences production at Kearl oil sands project in Alberta, Canada
US-based ExxonMobil has begun production of mined diluted bitumen from the first of three froth treatment trains at the Kearl oil sands project in Alberta,...
Kulczyk Oil Ventures sign deal to buy Winstar Resources
Canada-based oil and gas company Kulczyk Oil Ventures (KOV) has signed an agreement to acquire Winstar Resources for...
DualEx Energy signs agreement to buy additional interest in PetroHungaria
Canada-based oil and natural gas reserves company DualEx Energy International has signed an agreement to buy an additional 29.56% interest in its partially owned operating subsidiary in...
Jindal Petroleum finds crude oil in Georgia; plans to invest in block development
India-based Jindal Petroleum, a subsidiary of Jindal Steel and Power (JSPL), has discovered crude oil in one of its blocks in Georgia and has announced plans to invest an additional $100m...
Cabot Oil & Gas begins production at Marcellus Shale in Pennsylvania, US
US-based Cabot Oil & Gas has commenced gas production at the rate of 16.3 million cubic ft (Mmcf) per day with nine fracture stimulation (frac) stages at Marcellus Shale in northeast Pennsylvania,...
OCP Pipeline to transport crude oil from Colombia
Colombia-based Vetra Exploracion y Produccion has signed an agreement with Ecuador-based pipeline operator Oleoducto de Crudos Pesados (OCP) to carry crude oil from southern...
Petroamerica begins oil production at Maracas-8 well in Colombia
Petroamerica has begun oil production at the rate of 3,250 barrels per day in the Maracas-8 well on the Las Maracas Field, Los Ocarros Block in...
TAG Oil drills Ngapaeruru-1 exploration well in East Coast Basin, New Zealand
Canada-based TAG Oil has commenced drilling at the Ngapaeruru-1 exploration well, located in the East Coast Basin of New...
EPA criticises State Department’s review of Keystone pipeline
On Monday the US environment regulatory, the Environmental Protection Agency (EPA), criticised the State Department's environmental impact review of the Keystone XL pipeline, which will...
Valero implements Praxair’s CONOx technology at refinery in Ardmore, US
Praxair and Valero have worked together to implement Praxair’s new CONOx emissions control technology at Valero’s refinery in Ardmore, Oklahoma,...
Petromanas Energy completes casing of Shpirag-2 Well in Albania
Canada-based oil and gas company Petromanas Energy has completed casing of Shpirag-2 well to the top of the main objective carbonate reservoir at a depth of 5,164m in...
Drillsearch Energy to start Bauer-to-Lycium oil export pipeline in Australia
Australia-based Drillsearch Energy has announced that Beach Energy will commission the Bauer-to-Lycium oil export pipeline in South...
Genie Energy signs agreement to develop oil shale resources in Mongolia
Genie Oil Shale Mongolia, a subsidiary of Genie Energy, has signed a five year agreement with the Petroleum Authority of Mongolia (PAM) to explore and evaluate the commercial potential of oil...
GE introduces new LNG In A Box system for fuelling stations
US-based GE Oil & Gas has introduced a small-scale, plug-and-play, re-deployable liquefied natural gas solution called LNG In a Box, which will allow the use of natural gas as a cost-effective...
Crimson Exploration begins production at Mosley Woodbine oil well in Texas, US
US-based Crimson Exploration announced that it has commenced production at the Mosley B #1H Woodbine oil well, located in the Madison County, Texas,...
Asset Guardian Solutions secures software management tool contract from Stena Drilling
UK-based Asset Guardian Solutions (ASGL) has received a contract from Stena Drilling for an undisclosed...
Global Partners secures approval to construct natural gas loading station in Bangor, US
Global CNG, a subsidiary of US-based Global Partners, has obtained approval from the Bangor Planning Board, to construct and operate a compressed a natural gas (CNG) loading station in Bangor,...
Atlas Pipeline Partners to buy Eagle Ford midstream business for $1bn
US-based Atlas Pipeline Partners has signed an agreement to acquire 100% of equity interests in the Eagle Ford midstream business from TEAK Midstream, for $1bn in...
Centrica, Qatar Petroleum sign deal to acquire gas and crude oil assets in Canada
UK-based Centrica and Qatar Petroleum International (QPI), a wholly-owned subsidiary of Qatar Petroleum (QP), have signed an agreement, to acquire natural gas and crude oil assets and...
Uganda signs refinery and pipeline deal worth $12bn
The Ugandan government has signed an agreement with Tullow Oil, Total and China National Offshore Oil (CNOOC) to construct an export pipeline and refinery at an investment worth...
Nigeria loses billions in revenue due to oil theft in the Niger Delta
Royal Dutch Shell said that oil theft in the Niger Delta, Nigeria, is costing the country billions of dollars a year in lost revenue, as well as putting tremendous pressure on Shell Nigeria...
Williams Partners to provide gas gathering, processing services in two American states
US-based Williams Partners has joined with Shell to provide gas gathering and gas processing services to various producers, including Shell, in wet-gas areas of Marcellus and the Utica Shale....
Greek parliament approves intergovernmental agreement on Trans Adriatic Pipeline
The Greek Parliament has approved the Intergovernmental Agreement (IGA) between Albania, Italy and Greece, related to the construction and operation of the Trans Adriatic Pipeline (TAP)...
Petrofac consortium secures $3.7bn Upper Zakum field development contract in Abu Dhabi
UK-based Petrofac has said that its joint venture company with Mubadala Petroleum, Petrofac Emirates, has received a contract worth $3.7bn from Zakum Development Company (ZADCO), for...
APA Group divests Moomba Adelaide pipeline system for $400m
Australia-based APA Group has announced the divestment of its Moomba Adelaide Pipeline System (MAPS) to QIC Global Infrastructure (QIC) for...
Aventa Systems receives contracts from Talisman, Dana Petroleum
UK-based integrated production data solutions specialist Aventa Systems has secured two specialist contracts from Talisman Sinopec Energy and Dana Petroleum, worth about...
New research identifies fracking as ‘not significant’ cause for earthquakes
A new research published in the Journal of Marine and Petroleum Geology has said that fracking is not an important cause for earthquakes that can be felt on the...
GE to buy Lufkin Industries for $3.3bn
US-based GE has decided to acquire Lufkin Industries, a provider of artificial lift technologies for the oil and gas industry, for about...
Iraq, Jordan sign agreement to build new oil, natural gas pipeline
The Iraqi ministry of oil said on Monday that Jordan and Iraq have signed an agreement to build a double pipeline that will supply the Kingdom with crude oil and natural...
NuVista Energy signs agreement to transport, process Wapiti Montney gas production
Canada-based NuVista Energy has signed an agreement with Keyera to transport and process the Wapiti Montney condensate-rich natural gas...
Yamal-Europe 2 pipeline project could be complete by 2019
The second branch of the gas route of Gazprom's Yamal-Europe 2 pipeline project could be completed by 2019 and requires investment worth...
UK launches consultation to review oil stocking system
UK’s Department of Energy and Climate Change (DECC) has launched a new consultation to review the oil stocking system in the...
TAG Oil completes Cheal infrastructure expansion project in New Zealand
TAG Oil has completed the Cheal infrastructure expansion project in Taranaki, New...
Exxon Mobil begins replacement of oiled lawns at Arkansas; pipeline still shut
Exxon Mobil has commenced digging the oiled lawns at the Arkansas neighbourhood where a crude oil pipeline was ruptured on 29 March 2013, in order to replace them with fresh sod. The...
Midstates Petroleum to buy oil assets in the Anadarko Basin, US
US-based Midstates Petroleum has signed an agreement with Panther Energy and its partners, Red Willow Mid-Continent and LINN Energy, to acquire oil producing assets in the Anadarko Basin in...
Shell to sell its Geelong refinery in Australia
Shell has announced that it will sell its Geelong refinery in Australia, as part of its global strategy to focus investment on large-scale...
Crimson Exploration begins production at Woodbine formation in Texas, US
US-based Crimson Exploration has commenced production at the Nevill-Mosley #1H well in Woodbine formation, Texas,...
Portland natural gas transmission system begins continent to coast pipeline expansion project
US-based portland natural gas transmission system (PNGTS) has announced a 45-day binding open season for its continent to coast (C2C) expansion project, to increase capacity on its...
Hess signs agreement with OAO LUKOIL to sell Samara-Nafta in Russia
US-based energy company Hess has announced it has this week signed an agreement with OAO LUKOIL to sell its Russian subsidiary, Samara-Nafta, for...
Chevron signs agreement with Chubu Electric Power to supply LNG
US-based energy company Chevron said that its Australian subsidiaries have signed sales and purchase agreements with Chubu Electric Power, to supply liquefied natural gas (LNG) from the...
March 2013
Top
Hydrocracking capacity expansion to boost diesel output in US, says report
The expansion of hydrocracking capacity in the US Gulf Coast (USGC) will increase diesel output and will fulfil Latin America’s diesel import requirement in 2013, according to Energy...
Shell receives approval for shale gas production sharing in China
Royal Dutch Shell has said that it has received approval from the Chinese government for its first shale gas production sharing contract in the...
Pacific Rubiales Energy secures permission for Quifa exploration area in Colombia
Canada-based Pacific Rubiales Energy has received environmental permits from the relevant Columbian authority to expand activities in the Quifa Hydrocarbon Exploitation Area in southern...
Albania approves tri-lateral agreement on Trans Adriatic Pipeline project
The Albanian Parliament has approved the Intergovernmental Agreement (IGA) signed between Albania, Italy and Greece, related to the construction and operation of the Trans Adriatic Pipeline...
Centrica signs agreement with Cheniere to buy LNG
UK-based Centrica has signed a 20-year agreement with Cheniere Energy Partners to buy 91,250,000 mmbtu or 89 billion cubic ft of annual liquefied natural...
Bengal Energy begins drilling at exploration well in Cooper Basin, Australia
Canada-based oil and gas company, Bengal Energy, has commenced drilling on the Cuisinier 7 appraisal well, located in the Barta sub-block of Authority to Prospect (ATP), Cooper Basin,...
Interconnector restarts gas flow at Bacton Terminal in England
UK-based Interconnector (IUK) has said that it has restored full flow of gas at the Bacton Terminal in...
Rosneft, BP complete TNK-BP deal
Russia-based Rosneft has paid $16.65bn to UK-based BP, as part of the sale and purchase agreement of TNK-BP, which was announced in October...
Domtar launches commercial lignin production plant in US
Canada-based Domtar has inaugurated a commercial-scale lignin separation plant at its North Carolina mill in Plymouth,...
TAG Oil starts new exploration drilling in Sidewinder field, New Zealand
Canada-based TAG Oil announced that it has commenced drilling of Sidewinder-A5 and Sidewinder-A6 step-out wells in the Sidewinder oil and gas field in New...
GE Oil & Gas secures service contract for LNG plant in Australia
US-based GE Oil & Gas has signed a 22-year contractual service agreement (CSA) with QGC, to provide advanced technology services to the Queensland Curtis LNG (QCLNG) plant located on the east...
UK introduces tax breaks in 2013 budget to encourage shale gas exploration
The UK government in its 2103 budget has introduced a series of new tax breaks to encourage shale gas exploration in the...
Rangeland Energy acquires acreage to develop terminal facility in New Mexico
US-based midstream company Rangeland Energy has acquired 770 acres near Loving in New Mexico, US, to develop a large terminal facility to handle crude oil, frac sand and...
Europa Oil & Gas begins 2D seismic analysis on PEDL licence in England
Europa Oil & Gas announced that it has commenced acquisition of 78km line of 2D seismic on PEDL 181 licence, located in east Lincolnshire,...
DNV KEMA launches new multiphase flow laboratory in the Netherlands
Netherlands-based energy consulting and testing and certification company DNV KEMA has opened a new multiphase flow laboratory (MPFL) in Groningen, the...
New World Oil and Gas receives 25% interest in Danica Resources project, Denmark
New World Oil and Gas has announced that the Danish Energy Authority has approved its 25% working interest in Licence 1/08 of the Danica Resources project in Denmark, to its wholly-owned...
Petromanas to conduct flow test at Shpirag-2 well in Albania
Canada-based oil and gas company Petromanas Energy has announced that it has taken additional steps to reduce instability in the lower flysch shale zone above the target carbonate reservoir in...
Spectra Energy completes acquisition of Express-Platte Pipeline System
US-based Spectra Energy has announced that it has completed the acquisition of the Express-Platte Pipeline System, for...
Northcote to begin fracture stimulation on exploration wells in Horizon Project, US
Northcote has announced it will commence fracture stimulation at the Big Hill #1 well in Horizon Project, Osage County, US, from 18 March...
Eni JV begins production on Junín-5 oil field in Venezuela
Italy-based oil and gas company Eni announced that PetroJunín has commenced production on the Junín-5 giant heavy oil field, located in the Faja del Orinoco block in...
Crestwood Midstream Partners to provide gas compression services in Antero, US
US-based Crestwood Midstream Partners has announced that it has signed an agreement with Antero Resources Appalachian, to provide natural gas compression services on gas acreage in...
Lockheed Martin to develop liquefied natural gas tanks in Louisiana, US
US-based Lockheed Martin said that it will use its know-how in manufacturing space shuttle external tanks to develop liquefied natural gas (LNG) tanks, for storage and transportation at...
Ryder, Eagle Distributing sign first gas lease agreement in Louisiana, US
Ryder System has announced that it has signed a full-service lease agreement with Eagle Distributing of Shreveport for 23 compressed natural gas (CNG)...
Construction begins on Iran, Pakistan gas pipeline project
Iran and Pakistan have officially inaugurated the construction phase of a gas pipeline project, which will bring Iran’s gas reserves to...
Linde wins gas receiving facility construction contract from Gassco
Norway-based Gassco has awarded an engineering, procurement and construction (EPC) contract to Linde Engineering Dresden, to build a new gas receiving facility in Emden,...
Titan Energy to drill Warradarge-1 exploration well in Australia
Australia-based oil and gas company Titan Energy said that it has received final approval to drill the Warradarge-1 exploration well, located in the North Perth Basin licence DR11, in...
New World Oil and Gas secures additional working interest in Danica Jutland project, Denmark
New World Oil and Gas said that the Danish Energy Authority, has approved an additional 12.5% working interest in licences 1/09 and 2/09 of the Danica Jutland project, to the company’s...
Repsol and Alliance Oil commence gas production at Syskonsyninskoye field, Russia
Repsol and Alliance Oil have commenced commercial gas production on the Syskonsyninskoye (SK) field in the Khanty-Mansiysk region,...
Dana Gas begins gas production on Allium-1 fields in Egypt
UAE-based natural gas company Dana Gas has commenced gas production on the West Sama-1 and Allium-1 fields in...
Zeta Petroleum tests Jimbolia-100 well in Romania
Zeta Petroleum said that log results from the Jimbolia-100 appraisal well, located on the Jimbolia oil concession in Romania, has showed presence of hydrocarbons in multiple...
GE Oil & Gas secures service contract extension for Sakhalin-2 LNG project in Russia
US-based GE Oil & Gas has secured a 16-year service contract extension, worth $333m, for the Sakhalin-2 liquefied natural gas (LNG) plant in Sakhalin Island,...
GE to provide electric motors for bitumen refinery in Canada
US-based GE’s Power Conversion business will supply electric motors for a bitumen refinery in Canada, which is a joint venture between North West Redwater Partnership and Canadian Natural...
Shell to build liquefaction units for LNG transport corridors in North America
Netherlands-based Shell and its affiliates plan to build two small-scale liquefaction units, which will supply liquefied natural gas (LNG) fuel to marine and heavy-duty on-road customers in...
Essar Energy obtains environmental consent for Raniganj gas field, India
Mauritius-based and India-focused integrated energy company Essar Energy has received phase III environmental permission for its coal bed methane (CBM) gas field at Raniganj, in the Indian state...
New World Oil and Gas begins drilling at Rio Bravo well in north-west Belize
New World Oil and Gas has announced it has commenced drilling on Rio Bravo 1 well at the Blue Creek Project in north-west...
Max Petroleum to receive approval for appraisal extension licence in Kazakhstan
Max Petroleum has said that the Ministry of Oil and Gas of the Republic of Kazakhstan (MOG) will clear various regulatory approvals for the block's appraisal extension (A&E) licence in...
Imperial Oil acquires a 50% stake in Celtic Exploration
Imperial Oil, a Canadian subsidiary of ExxonMobil Canada, has acquired a 50% stake in Celtic Exploration for CAD1.6bn...
Kinder Morgan Energy completes acquisition of 50% stake in El Paso Natural Gas Company
Kinder Morgan Energy Partners (KMP) has announced that it has completed the acquisition of a 50% stake in El Paso Natural Gas Company (EPNG) and a 50% interest in former El Paso midstream assets...
Santa Maria begins drilling at Calacho Well in Colombia
Canada-based oil and gas company Santa Maria Petroleum announced that Omega Energy, the operator of Llanos 21 block, has commenced drilling at Calacho No. 1 well in Llanos basin in...
US crude output hit a 20-year high in 2012, says EIA
A rise in shale oil production boosted US crude oil output to a 20-year high in 2012, a report from the The Energy Information Administration (EIA) has revealed....
February 2013
Top
Energy Innovation Centre announces funding for innovative ideas in electricity and gas market
UK-based Energy Innovation Centre (EIC) has announced that it will provide funding in 2013 totalling over £36m, to innovators with unique ideas for the electricity and gas...
New World Oil and Gas acquires 75% interest in Blue Creek project in Belize
New World Oil and Gas announced that it has received a 75% working interest in the Blue Creek project, located in the Petén Basin in north-west...
Americas Petrogas finds light oil in exploration well in Argentina
Americas Petrogas has said that it has found light oil in the LHo.x-1 well of Totoral block, located in the south-western region of the Neuquen Basin, Argentina....
OptaSense receives security contract to protect Bijwasan pipeline in India
UK-based subsidiary of QinetiQ, OptaSense, has received a contract from Bharat Petroleum Corporation (BPCL) to protect the Bijwasan pipeline in...
NET Midstream to construct natural gas pipeline system to Mexico
US-based NET Midstream, a wholly-owned subsidiary of NET Holdings Management said that it will construct a 124-mile and 42in diameter Net Mexico natural gas pipeline system on the Texas /...
Rolls-Royce secures contract to supply equipment for Turkmenistan-China gas pipeline project
US-based global power systems company Rolls-Royce has received a $40m contract to supply equipment and related services for the Uzbekistan section of the Turkmenistan-China natural gas...
Titan Energy drills exploration well on dome oil field in Texas, US
Australia-based oil and gas company Titan Energy has drilled the JT Reese #S1 well on the Allen Dome salt dome oil field in Texas,...
Gran Tierra Energy begins production at exploration well in Peru
Canada-based oil and gas company Gran Tierra Energy has completed initial testing at the Vivian Formation sandstone reservoir in the Bretaña Norte 95-2-1XD exploration well in...
GE launches technology and learning centre in Australia for oil and gas industry
US-based General Electric (GE) announced that it has opened a technology and learning centre in Jandakot, Western...
Safety and recruitment challenges receive priority at Australasian Oil and Gas Exhibition
Safety, resourcing and recruitment challenges are some of the important topics that gained priority on the second day of the Australasian Oil & Gas Exhibition & Conference (AOG) in Perth,...
Northcote Energy to conduct fracture stimulation on horizontal wells in Oklahoma, US
US-based oil and gas company Northcote Energy said it plans to drill the Burkhart # 1 well on the Horizon project in Osage County, Oklahoma, US, to target the proven Mississippi Lime, Wilcox...
Australia's multi-billion dollar projects boost Asia Pacific oil and gas industry: report
Multi-billion projects in Australia have boosted the oil and gas industry in the Asia Pacific region, despite slowdown in the global economy, according to a new report released by GL Noble Denton....
Dejour Energy begins oil production at Woodrush facility, Colorado, US
Canada-based oil and gas company Dejour Energy has commenced oil production at an average rate of 350 barrels of oil per day at its Woodrush oil production facility in northern BC,...
Salamander Energy's Bualuang oil field in Gulf of Thailand begins production
UK-based Salamander Energy said the first four wells of the sixteen-well development drilling programme have commenced production at the Bualuang oil field in the Gulf of...
Qatar Petroleum, Total and Q Analytica to conduct joint research programme on petroleum profiling
Qatar Petroleum (QP), Total E&P Qatar and Q Analytica, have signed a joint research and development agreement on petroleum profiling, a technology that can be used to identify the...
MarkWest and Rex Energy to jointly develop midstream infrastructure in Utica Shale
US-based MarkWest Utica, a joint venture of MarkWest Energy Partners and The Energy and Minerals Group (EMG), has signed an agreement with Rex Energy to provide gathering, processing,...
EXCO Resources completes oil, natural gas partnership with Harbinger Group
US-based oil and gas company EXCO Resources has announced that it has completed a conventional oil and natural gas partnership agreement with Harbinger Group, and received net proceeds of $725m....
Beach Energy's Halifax-1 well in Queensland flows gas
Australia-based oil and gas company Beach Energy has said that its Halifax-1 unconventional vertical well in ATP 855P in Queensland is currently flowing back...
Foster Wheeler signs agreement with Shell to provide engineering services
Switzerland-based engineering and construction company Foster Wheeler has signed a global enterprise framework agreement (EFA) with Shell Global Solutions...
Buccaneer Energy begins gas production at Kenai Loop well in Alaska, US
Australia-based Buccaneer Energy said its Kenai Loop #4 well in Alaska, US, has commenced production at an initial rate of two million cubic feet of gas per...
Greece, Italy, Albania sign agreement to support Trans Adriatic Pipeline project
Greece, Italy and Albania have signed a tri-lateral intergovernmental agreement (IGA) with the aim of providing full support for the Trans Adriatic Pipeline (TAP)...
Tethys Oil finds oil in exploration well in Oman
Sweden-based energy company Tethys Oil has drilled the onshore block 4 exploration well 4 (B4EW4) in Oman to a total depth of 3,030m, and has encountered oil in four separate...
Petromanas to drill carbonate reservoir zone in Shpirag-2 well in Albania
Canada-based oil and gas company Petromanas Energy said it has drilled the Shpirag-2 well in Albania to a depth of about...
Gazprom reports drop in net profits in 2012; aims for export rise in 2013
Russia-based global energy company Gazprom said that its revenues and net profits dropped in 2012, as the company tried to manage its oil-indexed pricing formula with a need to be more...
Fossil Oil discovers two new oil and gas wells in Texas, US
US-based oil and gas company Fossil Oil has discovered two new wells in Texas, US; Bandit #1 Well in Cook Mountain in Liberty county, and Gary Bryant #1H Well in Brazos...
Gran Tierra Energy discovers oil in Bretaña exploration well in Peru
Canada-based oil and gas company Gran Tierra Energy has announced that it has drilled and obtained well-log results from the Bretaña Norte 95-2-1XD exploration well in...
PetroNeft completes testing of Arbuzovskoye well in Tomsk Oblast, Russia
PetroNeft Resources has said that it has successfully tested Arbuzovskoye well 112 at an initial rate of 140 barrels of oil per day on licence 61 in the Tomsk Oblast,...
Summit Power, Linde Group to capture CO2 from oilfields
US-based Summit Power Group and The Linde Group have joined forces to develop commercial-scale natural gas-fired power plants, to capture CO2 in depleting...
Senex Energy begins well fracture stimulation programme in Cooper Basin, Australia
Australia-based Senex Energy has begun a large-scale fracture stimulation programme on its unconventional gas exploration wells in the Cooper Basin, South...
Talos Energy completes Energy Resource Technology acquisition
US-based oil and gas company Talos Energy said its wholly-owned subsidiary, Talos Production, has completed the acquisition of Helix Energy Solutions Group's oil and gas subsidiary, Energy...
North American Oil and Gas completes testing of 77-20 well in Tejon prospect, US
North American Oil and Gas (NAMG) has said it has completed initial production testing at its 77-20 well in the Tejon Extension prospect in the San Joaquin Basin of California, US....
Samchully buys 34% stake in Neptune gas processing plant in US
Samchully Asset Management (Samchully AMC), a subsidiary of Samchully group, has said that one of its funds has acquired a 34% stake in the Neptune gas processing plant (Neptune) from Marathon...
Matador Resources announces rise in total oil and gas reserves in 2012
US-based energy company Matador Resources has said its Eagle Ford shale play in south Texas, US, has total proved 10.5 million barrels of oil and 80 billion cubic feet of natural gas, or...
Neste Oil to build isomerisation unit at Porvoo refinery in Finland
Global refining and marketing company Neste Oil has announced that it will build an isomerisation unit at its Porvoo refinery in Finland, to increase production of high-octane gasoline and...
BP divests Texas City refinery to Marathon Petroleum for $2.4bn
Global oil and gas giant BP has announced that it has completed the sale of its Texas refinery and a portion of its retail and logistics network in the south-east US to Marathon Petroleum, for...
Construction of crude stabiliser unit at Iraq’s Khurmala oilfield nears completion
Construction of the Khurmala crude stabiliser unit for Iraqi oil and gas company KAR Group’s Khurmala oilfield is nearing completion, announced the US-based Ventech Engineers, who are executing...
Pioneer to sell 40% interest in Wolfcamp Shale assets in the US for $1.7bn
US-based Pioneer Natural Resources has signed an agreement with Sinochem Petroleum, a subsidiary of Sinochem Group, to sell its 40% interest in about 207,000 net acres in the horizontal...
New World Oil and Gas drills Blue Creek well in north-west Belize
New World Oil and Gas has drilled the Blue Creek 2A ST well to a depth of 11,650ft in the Petén Basin, north-west...
Huge explosion rocks Pemex headquarters in Mexico; kills 25 people
A huge and deadly explosion has rocked the headquarters of Petroleos Mexicanos (Pemex) in Mexico on Thursday, which has reportedly killed 25 people and injured more than 100...
Tethys Petroleum increases gas price in Kazakhstan
British Isles-based oil and gas exploration and production company Tethys Petroleum said it has doubled the net selling price of gas in Kazakhstan....
January 2013
Top
Leni Gas and Oil achieves production target at Goudron field, Trinidad
UK-based Leni Gas and Oil (LGO) has announced that its Goudron and Icacos Fields in Trinidad have averaged about 170 barrels of oil per day, while production reached about 201 barrels of oil per...
John Crane develops high-temperature fiberod fiberglass sucker rod for upstream oil production
US-based John Crane Production Solutions (JCPS), a subsidiary of John Crane, has introduced a new high-temperature Fiberod Fiberglass Sucker Rod for use in upstream oil production in shale...
GE Oil & Gas signs agreement to sell proprietary electromagnetic telemetry technology
GE Oil & Gas has signed an agreement with Sharewell Energy Services that will give GE exclusive worldwide rights to sell Sharewell's proprietary electromagnetic telemetry (EM)...
AltaGas, Idemitsu Kosan sign agreement to form JV
Canada-based AltaGas and Japan's Idemitsu Kosan have signed an agreement to form a joint venture (JV) company called AltaGas Idemitsu joint venture limited partnership....
Shell, Kinder Morgan to develop liquefaction plant in Georgia, US
Shell US Gas & Power, a subsidiary of Royal Dutch Shell, and Southern Liquefaction Company, a Kinder Morgan affiliate and unit of El Paso Pipeline Partners (EPB), have announced that they plan...
Canacol Energy discovers oil in Mono Arana 1 well in Colombia
Canacol Energy has announced that its Mono Arana 1 exploration well has been drilled and cased to a depth of 9,942ft measured depth within the Cretaceous La Luna Formation located in the...
Cisco Energy announces significant flow rates in Mississippi Lime formation, Oklahoma, US
Cisco Energy has said that it has resumed strong flow rates in the four operated wells located in the Mississippi Lime formation of the Grant and Garfield county line in northern Oklahoma, US....
Petroamerica begins drilling of Las Maracas-7 appraisal well in Colombia
Petroamerica has announced that it has commenced tests and drilling activities in the Las Maracas-7 appraisal well on the Las Maracas field in Los Ocarros Block in...
Zeta Petroleum to increase gas production at Suceava Concession in Romania
Zeta Petroleum has announced that its Climauti gas field, located in Suceava gas concession in Romania, is currently producing at 15,500m³/day from Sarmatian sands, at a depth of about...
Jacobs Engineering awarded Pipeline Safety Enhancement Program contract by SoCalGas
US-based Jacobs Engineering Group has been awarded a project management services contract by Southern California Gas (SoCalGas) for the Pipeline Safety Enhancement Program in...
WPX Energy discovers shale gas in Niobrara formation in Colorado, US
US-based WPX Energy has announced that it has discovered shale gas at an initial rate of 16 million cubic feet per day at a flowing pressure of 7,300 pounds per square inch at the Niobrara...
Caza Oil & Gas begins drilling of 2H horizontal well in Lennox prospect in US
US-based Caza Oil & Gas has begun drilling of unit 32 No. 2H horizontal well at the Lennox prospect in Lea County, New Mexico,...
Eni, PetroVietnam sign MoU to develop business prospect in Vietnam
Italy-based oil and gas company Eni and Vietnam's state oil firm PetroVietnam have signed a memorandum of understanding (MoU) to develop business potential in Vietnam and abroad....
Rise in unconventional oil and gas exploration boosted US economy in 2012, says report
The rise in unconventional oil and gas exploration added $62bn to the US federal and state treasury in 2012 and created nearly 1.7 million jobs, according to a new study published by...
Upstream mergers and acquisitions activity hit $232bn in 2012, says study
Scotland-based energy and mining research consultancy group Wood Mackenzie has said that a record $232bn was spent on upstream mergers and acquisitions (M&A) activity in...
DNV, Korea Gas sign agreement for feasibility study on LNG bunkering infrastructure in Korea
Norway-based DNV has signed an agreement with Korea Gas (KOGAS) to jointly conduct a feasibility study to set up an LNG bunkering infrastructure in Korea.
...
Algerian gas field hostage toll rises
The death toll of the four-day siege at the In Amenas gas field in Algeria is now said to be about 80 people, making it one of the worst international hostage crises in...
Galp Energia begins production at hydrocracking complex Sines refinery in Portugal
Galp Energia has annnounced that the hydrocracking complex installed at its Sines refinery in Portugal has started commercial...
Hostage crisis at In Amenas gas field worsens after Algerian forces storm facility
The hostage crisis in In Amenas gas field in Algeria has taken a bloody turn after Algerian military entered the complex and began an operation to free hundreds of hostages held by...
NRI launches Energy Technology forum on LinkedIn
NRI digital has launched a LinkedIn group to unite professionals across all energy sectors for the opportunity to network and discuss today's most important energy technologies and issues....
Rolls-Royce to supply equipment for PetroChina's West-East Pipeline Project in China
UK-based power systems company Rolls-Royce has been awarded a $75m contract by PetroChina to deliver equipment and related services to power the flow of natural gas through Line 3 of the...
JP Energy Development to build interstate crude oil pipeline in Kansas, US
US-based crude oil midstream company JP Energy Development, a subsidiary of JP Energy Partners, has signed a 15-year agreement with Tug Hill Operating to develop the new interstate crude...
Militants attack In Amenas gas field in Algeria, seize foreign hostages
Islamist militants attacked the In Amenas gas field in Algeria yesterday, killing one Briton and an Algerian, and holding at least twenty western contractors hostage. ...
Miller Energy completes drilling, tests oil at CPP-H-1 well in Tennessee, US
US-based Miller Energy has completed drilling and tested water-free oil production at its CPP-H-1 well in the Mississippian Age Fort Payne formation in Tennessee,...
Dana Gas attains added value from NGL plant in Ras Shukheir, Egypt
UAE-based Dana Gas said that it has processed a combined 12,340t of propane (10,500t) and Butane (1,840t) in the first three months at its Egyptian Bahrain Gas Derivatives (EBGDCo) natural...
Kodiak to operate seven rigs in Williston Basin in North Dakota, US
US-based Kodiak Oil & Gas has announced it will continue with its plan to operate seven rigs in 2013, three rigs of which are currently located in the Polar project area in southern...
Iran to build natural gas pipeline across Iraq and Syria border
Iran is planning to build a new pipeline across the Iraq-Syria border in order to provide gas to three gas-burning power plants in neighbouring...
Comet Ridge drills Mira 5 well in Bowen Basin in Queensland, Australia
Australia-based coal seam gas explorer Comet Ridge has drilled the Mira 5 well at its ATP 337P Mahalo asset in Bowen Basin, Queensland,...
Halliburton develops new dual-fuel technology to power fracturing treatments
US-based Halliburton, along with partners Apache and Caterpillar, has developed a new dual-fuel technology to power pumping equipment deployed in fracturing treatments using a combination...
Paramount Resources confirms oil reserves at Grand Rapids formation in Canada
Cavalier Energy has confirmed oil reserves at the Grand Rapids formation in its 100% owned in-situ oil sands leases in the Hoole area of Alberta, Canada, through independent...
Santos awards Jacobs development study contract in Cooper Basin, Australia
US-based Jacobs Engineering Group has secured a contract from Australia-based domestic gas producer Santos, to provide the concept development study for its Cooper gas growth (CGG)...
Trelleborg secures three contracts for LNG projects in Australia
Sweden-based Trelleborg has received three contracts to provide docking and mooring equipment and monitoring software to major LNG projects on on Curtis Island, Queensland,...
Atlas Resources Partners to increase oil and gas production in Fort Worth Basin, US
US-based Atlas Resource Partners (ARP) will increase oil and gas net production in 2013 by 50% compared to the annualised third quarter net production in...
FES International secures contract for Ichthys LNG Project in Australia
UK-based FES International has been awarded a contract by McDermott for the Ichthys LNG Project in...
Gran Tierra Energy completes oil flow tests in Moqueta-7 well in Colombia
Canada-based oil and gas company Gran Tierra Energy has completed oil flow testing of the Moqueta-7 well in Putumayo Basin,...
Primary Petroleum completes phase I exploration in southern Alberta basin, US
Canada-based oil and gas company Primary Petroleum has completed its phase I exploration programme in the southern Alberta Basin Fairway in NW Montana, US, at an investment of...
Green Field Energy Services and GE signs natural gas powered equipment agreement
US-based Green Field Energy Services and GE Oil & Gas have signed an agreement to provide low-cost and cleaner burning power generation solutions to the oil and gas...
InterOil undertakes wireline logging at Antelope-3 well in Papua New Guinea
InterOil has said that it is currently undertaking wireline logging at the Antelope-3 well in Papua New Guinea, which has also attained its total depth....
Torchlight to acquire interest in Finney County acreage in Kansas from Redhawk
US-based oil and gas company Torchlight Energy has signed an agreement with Redhawk Resources to acquire a working interest in its 15,000 gross acres located in Finney County, Kansas in...
Forest Oil to sell oil and gas assets in Texas for $325m
US-based Forest Oil has signed an agreement to divest all of its oil and gas properties in south Texas, excluding Eagle Ford Shale oil properties, for...
Zeta Petroleum drills Jimbolia-100 well in Romania
Zeta Petroleum has announced that it has started drilling the Jimbolia-100 appraisal well, located on the Jimbolia oil concession in...
Petromanas abandons drilling of Juban-1 well in Albania
Canada-based oil and gas company Petromanas Energy has decided to abandon the Juban-1 well due to the insignificant amounts of hydrocarbons...
QR Energy buys oil properties in Florida's Gulf coast area, US
US-based QR Energy (QRE) has bought oil properties in the Jay field in the Florida Gulf Coast area, US, from its sponsor Quantum Resources Fund, for...
Ramba Energy discovers oil at Lemang Block, onshore Sumatra
Singapore-based oil and gas exploration and production company Ramba Energy has announced the discovery of 222ft of gross pay at the Lemang Block, onshore Sumatra, Indonesia....
Resolute Energy buys oil assets in the Permian Basin, Texas, US
US-based oil and gas company Resolute Energy has signed an agreement to buy a 32% working interest in oil assets, which include existing production and undeveloped acreage in the Permian Basin...
December 2012
Top
EQT to sell natural gas distribution business for $720m
US-based EQT has signed an agreement with Peoples Natural Gas to sell its natural gas distribution business, Equitable Gas Company, for...
Senex Energy spuds Panning-2 well in northern Cooper Basin, Australia
Australia-based Senex Energy has begun drilling of Panning-2 unconventional gas exploration well in northern Cooper Basin permit PEL 90, Australia....
Holly Energy Partners begins initial evaluation of two new proposed pipelines in US
US-based Holly Energy Partners (HEP) has entrusted URS to undertake the initial round of engineering, routing and cost assessment of two new proposed pipelines in...
Statoil acquires major acreage in Marcellus area, US
Norway-based oil and gas company Statoil has acquired 70,000 operated net acres in central Marcellus area in Ohio, US, for...
Artek Exploration drills two wells at Inga, British Colombia
Canada-based oil and gas company Artek Exploration has completed drilling of its sixth and seventh horizontal wells at A13-33-88-23W6 in the Inga area, British...
Mesa Energy Holdings begins drilling in Mississippian lime in Oklahoma, US
US-based oil and gas company Mesa Energy Holdings has commenced drilling of Thomas Unit 6H in its Turkey Creek project in Garfield County, Oklahoma,...
OptaSense expands fracking monitoring operation centres
UK-based OptaSense, a QinetiQ company, has opened real time operations centres (RTOC) which will deliver advanced fracking monitoring services to customers in the oil and gas industry....
NFR Energy acquires assets in Anadarko Basin and Eagle Ford shale for $736m
US-based NFR Energy has completed the acquisition of producing and unused oil and gas properties in the Anadarko Basin and the Eagle Ford shale, for about...
Falcon and Chevron join up to explore Karoo Basin in South Africa
Ireland-based Falcon Oil & Gas has signed an agreement with Chevron Business Development South Africa to jointly explore Karoo Basin in South Africa....
Gran Tierra Energy allocates $363m for exploration and development operations in 2013
Canada-based oil exploration company Gran Tierra Energy will spend $363m on exploration and production operations in Colombia, Brazil, Peru and Argentina, in...
Access Midstream Partners signs agreement to acquire Chesapeake Energy business
US-based Access Midstream Partners has signed an agreement with Chesapeake Energy to buy Chesapeake Midstream Operating, a wholly-owned subsidiary of Chesapeake Midstream Development, for...
Angle Energy to sell gas assets in Alberta, Canada
Canadian oil and gas company Angle Energy has signed an agreement to sell its non-core natural gas-weighted properties in the Edson area of Alberta, Canada, for $74m. ...
UK gives go-ahead to shale gas fracking, announces new controls
The UK government has today lifted ban on the use of hydraulic fracking method for shale gas exploration in the country, and also imposed new controls to reduce the risks of seismic...
Oil production begins at Maersk Oil's Dunga Phase II project in Kazakhstan
Denmark-based oil and gas company Maersk Oil has announced that oil production has begun at its Dunga Phase II project in Kazakhstan, while two additional wells from this project are ready to...
InterOil confirms productive reservoir in Antelope-3 well in Papua New Guinea
US-based InterOil has conducted a drill stem test in the Antelope-3 well in Papua New Guinea, which confirmed the presence of a productive reservoir with tested natural gas...
Lynden to sell oil and gas assets in Wolfberry Project wells
Lynden Energy’s subsidiary Lynden USA has signed an agreement with BreitBurn Energy Partners to sell oil and gas assets in the Wolfberry...
National Iranian Oil Company to deploy eight drilling rigs in Iran
National Iranian Oil Company (NIOC) has said that it will deploy eight drilling rigs across the country in 2013, as part of its plan to expand exploration...
400 Iranian firms to be part of South Pars gas field project
Around 400 Iranian companies will be taking part in the development of the South Pars gas field by delivering equipment to related...
Kulczyk Oil discovers seven gas zones in Makeevskoye-16 well in Ukraine
Canada-based oil and gas company Kulczyk Oil Ventures (KOV) has completed casing of the Makeevskoye-16 (M-16) well in Ukraine to a total depth (TD) of 4,300m, and discovered seven gas-bearing...
Eco-Trade to acquire South Bakken Prospect in Montana, US
US-based oil and gas company Eco-Trade has signed an agreement to acquire the South Bakken Prospect in Montana, US, for an undisclosed...
Rosneft and ExxonMobil sign agreement to explore oil reserves in Western Siberia
Russia-based Rosneft has signed an agreement with ExxonMobil to explore the possibility of commercial production of tight oil fields in Western Siberia,...
Argent Energy Trust business acquires oil properties in Texas, US
Canada-based Argent Energy (US) Holdings, a wholly-owned subsidiary of Argent Energy Trust, has signed an agreement to acquire petroleum producing properties in Texas, US, from Wapiti Oil & Gas...
PTTEP encounters new oil field in Algeria
Thailand-based oil and gas exploration company PTT Exploration and Production (PTTEP) has discovered a new oil field from the sixth exploration well in Mouia Aissa-1 (MAS-1), in Hassi Bir...
Kuwait National Petroleum Company offers $528m oil refinery contract to AMEC
UK-based engineering and project management company AMEC has secured a $528m project management consultancy (PMC) contract from Kuwait National Petroleum Company (KNPC), for a new oil refinery...
Strata-X Energy acquires huge acreage in Maverick Oil Project, Texas
US-based oil and gas company Strata-X Energy has acquired 100% of the exploration rights for leases covering a total of 8,846 net acres in the Maverick Oil Project, Maverick County, Texas,...
Atlas Pipeline Partners to acquire Cardinal Midstream’s operating assets for $600m
US-based Atlas Pipeline Partners (APL) has announced that it is purchasing all of the operating assets of Cardinal Midstream, a privately-owned midstream operator, for $600m in...
Sulzer to supply pumps for Guangxi Refinery project in China
Switzerland-based Sulzer Pumps has secured an order to deliver 40 pumps to PetroChina's Guangxi Oil Refinery Project in the Guangxi Province of Southern...
Petromanas spuds Juban-1 well in Albania
Canada-based oil and gas company Petromanas Energy has initiated drilling of the Juban-1 well on Block A onshore Albania and completed surface casing....
LRR Energy to acquire oil and gas assets from Lime Rock Resources
US-based LRR Energy (LRE) will buy oil and natural gas assets from Lime Rock Resources in the Mid-Continent region of Oklahoma, US, for...
Rosneft, RusHydro sign oil and gas products supply agreement
Rosneft has signed an agreement with RusHydro Group to deliver oil and gas products to energy facilities in the Far East Federal District of...
November 2012
Top
Imperial Oil to acquire 50% interest in Celtic Exploration for $1.5bn
Canada-based Imperial Oil will aquire a 50% interest in Celtic Exploration from ExxonMobil Canada for...
Athabasca Oil invests $536m to develop Hangingstone project 1
Canada-based Athabasca Oil has announced that it has approved a budget of $536m to develop the Hangingstone project 1, and will supply a further $27m for setting up supporting...
Big Sky Petroleum acquires interest in Wolfberry Texas assets
US-based oil and gas exploration and production company Big Sky Petroleum has bought a 90% working interest in about 2,300 acres located in Wolfcamp/Wolfberry block, in southern Midland Basin...
GE’s gas engines to power first LNG drilling rigs in Pennsylvania, US
US-based energy developer Seneca Resources and Ensign Drilling have set up two GE Jenbacher gas engines to power the first liquefied natural gas (LNG)-fuelled drilling rigs in the Marcellus...
New Zealand gives go-ahead to hydraulic fracking
New Zealand’s minerals and mining industry body Straterra has welcomed the implementation of hydraulic fracking in an interim report, drafted by Parliamentary Commissioner for the Environment...
OptaSense receives pipeline security contract in Iraq
UK-based OptaSense has received a pipeline security contract in Iraq, to provide protection to a new 180km pipeline corridor, which is owned and run by the State Company for Oil Projects Iraq...
Linde to build LNG import terminal for Skangass in Sweden
Germany-based gas and engineering company The Linde Group will build a mid-scale liquefied natural gas (LNG) import terminal for Norway-based Skangass in Lysekil, on the west coast of...
LNG carrier Ob River to become first vessel to cross Arctic in winter
The Ob River, a large tanker carrying liquified natural gas (LNG), will become the first oil tanker to sail across the Arctic from Europe to...
PetroNeft Resources begins production at Arbuzovskoye well 109
Russia-based PetroNeft Resources has successfully completed drilling of the Arbuzovskoye well 109 at its Arbuzovskoye oil field in the Tomsk Oblast, and has now begun...
BreitBurn Energy to buy Belridge Field oil assets in US
US-based BreitBurn Energy Partners is acquiring key oil assets located in Belridge Field in Kern County, California, US, for about $40m in...
Shoreline Energy acquires royalty interest in DJ Basin light oil project in Colorado
US-based Shoreline Energy has acquired royalty interests in the Wattenberg Colorado light oil project located in the Denver-Julesberg Basin (DJ Basin) for $12.5m, from a private company based...
Statoil signs gas supply agreement with Wintershall
Norway-based Statoil has signed a ten-year gas sales agreement with Wintershall to supply a total of 45 billion cubic meters of gas to markets in Germany and north-west Europe....
Vanguard Energy posts 13% value rise in proven oil reserves
US-based Vanguard Energy’s proven oil reserves value has increased to $35.8m based on a PV-10 calculation as of 30 September, a 13% rise compared to the same period last...
Iran drills first development well at South Pars phases 22-24
Iran has begun drilling of the first development well for the South Pars gas field phases 22-24....
Magellan Midstream, Occidental Petroleum to construct BridgeTex pipeline
Magellan Midstream Partners and Occidental Petroleum have joined forces to construct the BridgeTex Pipeline, a project that will transport Permian Basin crude oil from Colorado City, Texas, US,...
TransCanada acquires BP’s Crossfield gas storage facility in Canada
TransCanada will buy BP’s 40% share in the Crossfield gas storage facility in Alberta, Canada, for...
Canuc to begin second well drilling on Walker Buckler Ranch in Texas
Canuc Resources has announced that it will begin drilling a second well on the Walker Buckler Ranch, located in Shackleford County in north-central Texas,...
Atlas Resource Partners to acquire DTE Gas Resources
US-based Atlas Resource Partners (ARP) will acquire DTE Gas Resources, a subsidiary of DTE Energy Company, for...
Milagro reports 66% fall in revenues in Q3
US-based independent energy company Milagro Oil & Gas has posted a net loss of $21.5m for the third quarter, compared to net income of $25m for the same period last...
Turkmenistan to start production at Galkynysh gas field in 2013
Turkmenistan is planning to start gas production at the Galkynysh field in 2013, which will introduce new US-backed supply routes to Europe and...
Industry poll suggests Iraq can dominate Middle Eastern energy output by 2030
Iraq has the potential to dominate energy production in the Middle East within 18 years by rapidly developing its oil and gas infrastructure, according to a poll of oil and gas...
Fortescue Metals to invest in shale gas exploration
Australia-based iron ore company Fortescue Metals is planning to invest $14m in shale gas exploration, in the onshore Canning Basin of Western...
Clough AMEC wins contract extension from Chevron in Western Australia
US-based Chevron has awarded an extended contract to Clough AMEC, a joint venture of Clough and AMEC, to provide engineering services at oil facilities in Barrow and Thevenard Islands,...
Industry poll suggests UAE adequately investing to become energy self-sufficient
The United Arab Emirates (UAE) is making adequate investments in asset integrity to become energy self-sufficient, according to a poll of oil and gas professionals conducted at the...
Tethys Petroleum suspends testing of AKD07 well in Kazakhstan
Tethys Petroleum has decided to temporarily halt testing of the AKD07 well in the Jurassic carbonate in Kazakhstan until options further options have been...
Murphy Oil acquires Shell's assets in Canada
US-based Murphy Oil, a subsidiary of Murphy Oil Corporation, has signed a deal with Shell Canada Energy to acquire Shell's assets in the Seal Lake area of Alberta,...
Total plans to sell assets in Nigeria to Sinopec
French oil and gas company Total is considering selling its oil and gas assets in Nigeria to Chinese refining company Sinopec for...
Algeria to increase shale gas production to meet local demand
Algeria will increase its shale gas production to meet growing demand in the domestic...
Polar Petroleum introduced in North Slope of Alaska, US
US-based oil and gas investors Daniel K Donkel and Dr Samuel H Cade have introduced Polar Petroleum, a new independent oil and gas exploration and production entity, in the North Slope of Alaska,...
Armada Oil signs drilling agreement with Anadarko Petroleum
US-based oil and gas company Armada Oil has signed a drilling agreement with a subsidiary of Anadarko Petroleum Corporation, covering 8,200 acres in the Niobrara project, southern Wyoming,...
Fastnet to acquire 50% interest in Morocco’s Merada project
UK-based Fastnet Oil and Gas has acquired over 50% participating interest in the Merada project onshore...
Legacy Reserves acquires Permian Basin properties for $520m
US-based oil and gas company Legacy Reserves has acquired Permian Basin oil and natural gas properties from Concho Resources for $520m in...
NOVATEK acquires a 49% stake in Nortgas
Russia-based natural gas producer NOVATEK has acquired a 49% equity stake in ZAO Nortgas from R.E.D.I. HOLDINGS for $1.375m....
Magnolia commences drilling on two Jake wells in US
US-based oil and gas production company Magnolia Petroleum has commenced drilling at the Jake 2-11 1H and the Jake 2-11 TFH wells in Bakken and Three Forks Sanish formations, North Dakota,...
Caza begins production at Ridge Bone Spring Test well
US-based Caza Oil & Gas has begun the production on its Caza Ridge14 State No. 3H horizontal Bone Spring well in New Mexico,...
Pembina to expand NGL and crude capacity on its Peace and Northern pipeline systems
US-based transportation and midstream service provider Pembina Pipeline intends to expand the natural gas liquids (NGL) and crude and condensate pipeline throughput capacity on its Peace...
Simba Energy finds potential hydrocarbon leads in Kenya
Pan-African onshore oil and gas explorer, Simba Energy, has found sizeable hydrocarbon leads in its Block 2A, Kenya....
Drillsearch Energy strikes oil at Bauer North-1
Australia-based Drillsearch Energy has made a new oil discovery at the Bauer North-1 well....
Cosmo Oil intends to restart Chiba operations in January
Cosmo Oil has announced that it intends to resume operations at its Chiba refinery, located east of Tokyo, Japan, in January 2013....
TransCanada to build $1bn natural gas pipeline in Mexico
TransCanada's Mexico-based subsidiary, Transportadora de Gas Natural del Noroeste, has won a contract to build a $1bn natural gas pipeline in Mexico starting in El Encino, Chihuahua,...
Intetech andTullow Oil to present paper on well integrity at Abu Dhabi conference
Intetech will partner with Tullow Oil to present a joint paper examining the tubing life-extension project at Tullow Oil’s Bangora Field in...
Gunvor Group closes borrowing credit facility for Belgian Refinery
Switzerland-based Gunvor Group has completed an oversubscribed borrowing base credit facility worth $625m with the support of European and international banks in order to carry operations at...
Spectra Energy to acquire minority interest in Sand Hills and Southern Hills pipelines
Spectra Energy has reached an agreement to purchase a one-third interest in the Sand Hills and Southern Hills pipelines that are currently under construction in the...
KazTransOil to raise funds through IPO
KazTransOil has unveiled plans to raise $186m in funds by launching an initial public offering (IPO) to attract private investment....
October 2012
Top
US East Coast refineries hit by Hurricane Sandy
Phillips 66's 238,000 barrel per day plant in Bayway, New Jersey, US, has been shut due to flooding in low-lying areas as a result of Hurricane Sandy. There are no immediate plans to restart...
Carnarvon, Sun Resources ink farm out deal with Siam Moeco
Carnarvon Petroleum and its joint venture (JV) partner Sun Resources has farmed out 100% of the L20/50 concession to Siam Moeco...
Breitling Oil and Gas drills Breitling-Diego #1 well in US
Breitling Oil and Gas has drilled the Breitling-Diego #1well in Duval County, Texas,...
TransCanada forms JV to develop Grand Rapids pipeline system in Canada
TransCanada has formed a joint venture with Phoenix Energy Holdings to develop the $3bn Grand Rapids pipeline project in Northern Alberta,...
Tethys Petroleum unit signs MoU for Bokhtar production sharing contract
Kulob Petroleum, a subsidiary of Tethys Petroleum has signed a memorandum of understanding (MoU) with an unnamed international oil and gas...
Prometheus Energy signs LNG services agreement with Seneca Resources
Prometheus Energy Group has entered into a long-term master agreement with Seneca Resources to supply LNG and related equipment and...
Carrizo Oil & Gas forms JV with Haimo Oil & Gas
Carrizo Oil & Gas has entered into an agreement with Haimo Oil & Gas to form a new joint venture (JV) in the Niobrara play, located in North Dakota,...
Duma Energy confirms presence of crude oil in Owambo Basin
Duma Energy has announced that a geologic field survey has been undertaken by Hydrocarb Energy in the Owambo Basin in...
Ceylon Petroleum to shut refinery in Sri Lanka
Ceylon Petroleum is expected to shut its 50,000 barrels per day oil refinery in Sri Lanka from Friday, for two...
Vanguard Energy completes drilling on Batson Dome Field, US
Vanguard Energy has completed drilling of three new oil wells on the Batson Dome field in south-east Texas, US....
Quest Petroleum NL given the go-ahead for Indonesian Komering Basin drilling
Indonesia Energy Regulator has approved plans for drilling of the Kayumanis 1 well in the Indonesian Komering Basin by Quest Petroleum....
Sempra to construct $1bn pipeline network in Mexico
Sempra International has announced that its Mexican company, Sempra Mexico, has been awarded two contracts to construct a pipeline network connecting the north-western states of Sonora and...
Halcón Resources to acquire Williston Basin assets for $1.45bn
Halcón Resources will acquire producing and undeveloped oil and gas assets in the Williston Basin from Petro-Hunt for a total consideration of...
BP signs agreement with Rosneft for TNK-BP stake sale for $17.1bn
BP has agreed a heads of terms deal with Rosneft to sell the company its 50% stake in TNK-BP for a total consideration of $17.1bn and 12.4% of shares in...
Exxon Mobil to leave $50bn West Qurna-1 project in Iraq
US-based Exxon Mobil may leave the $50bn West Qurna-1 project located in southern Iraq over possibility of slim profits from the...
TNK-BP official detained over bribe charges
Igor Korneev, head of government relations department at TNK-BP Holding, has been detained by the Russian government on suspicion of seeking $6m in bribes to secure government...
South Sudan to restart oil production
The South Sudanese government has asked oil companies to restart oil production, which will end a nine-month shutdown over a dispute with Sudan over borders and...
Ukraine’s petrol production drops by 40.1% in 2012
The Ukrainian Energy and Coal Industry Ministry has announced the nations oil refineries and Shebelynka gas processing plant has reduced petrol production by 40.1% or 866,200t in...
ExxonMobil subsidiary to acquire Celtic Exploration
An subsidiary of ExxonMobil Canada will acquire Celtic Exploration for a total consideration of $3.1bn....
OSO Group plans to build $4.8bn refinery in Indonesia
OSO Group has unveiled plans to partner with the State Oil Company of the Azerbaijani Republic (SOCAR) to build a $4.8bn oil refinery next to Batam Island in Indonesia....
New World Oil and Gas plans to reach target depth at Blue Creek Project
New World Oil and Gas expects to reach the target depth (TD) of 7,000ft at the Blue Creek #2 well on or before 15 November 2012, at the Blue Creek Project in the Petén Basin, north-west Belize....
China National Petroleum begins construction on $19.7bn gas pipeline
China National Petroleum Corporation (CNPC) has begun construction of a third pipeline to transmit natural gas from the nation's resource-rich western regions to the energy-starved eastern...
Longwei Petroleum begins storage depot operations in China
Longwei Petroleum Investment Holding has announced the commencement of operations at its Huajie fuel storage depot in northern Shanxi Province in...
Tethys Petroleum finds gas pay at Akkulka Block in Kazakhstan
Initial drilling and electric log results at Tethys Petroleum’s AKD07 exploration / appraisal well in the Akkulka Block, Kazakhstan, has revealed potential...
Gibson Energy to acquire OMNI Energy Services's parent company
Gibson Energy will acquire all of the issued and outstanding common stock of the parent holding company of US-based OMNI Energy Services, a provider of environmental and production services, for...
Petrobras encounters hydrocarbons in Sergipe-Alagoas Basin
Petrobras has announced that it has encountered light hydrocarbons in block SEAL-M-426, located in ultradeep waters of the Sergipe-Alagoas...
SemGroup and Gavilon each acquire a 25% stake in Glass Mountain Pipeline
SemGroup and Gavilon have each acquired a 25% stake in Glass Mountain Pipeline which was previously owned by an affiliate of Chesapeake Energy....
Porto Energy to reach drilling target at Alcobaça-1 well in Portugal
Porto Energy has said that drilling operations at its Alcobaça-1 (ALC-1) presalt well in Portugal will take another two weeks to reach total...
Sinopec to build oil storage terminal in Indonesia
China-based Sinopec will begin building a new oil storage terminal at the Batam free trade zone in...
Gazprom commissions second Nord Stream pipeline link
One of the world's largest extractors of gas, Gazprom, has put into operation the second string of its Nord Stream gas pipeline in the Portovaya Bay, the Baltic coast of...
New World Oil and Gas raises finance for Blue Creek project in Belize
New World Oil and Gas has raised £8.6m to finance the drilling of a third well at the company’s Blue Creek project in the Petén Basin in north-west Belize....
Questerre Energy to begin fracture stimulation at second Montney well in Canada
Questerre Energy has unveiled plans to begin multi-stage fracture stimulation at the second Montney well in Alberta, Canada, following completion of...
Russia expects tax breaks for East Siberian licence holders
The Russian government has introduced a new incentives package designed to boost oil output by 1.4 million to 2 million barrels of oil equivalent per...
UK to lift suspension on shale gas exploration
The head of the UK Department of Energy and Climate Change (DECC) has said the UK may lift restrictions that were imposed on shale gas exploration in...
Pertamina to build 267km oil pipeline in South Sumatra
State energy company Pertamina has unveiled plans to invest up to $90m to replace an existing oil pipeline it operates in South...
Oil Basins wins approval for East Blina-1 well in Western Australia
Oil Basins has secured interim approval from the Department of Mines and Petroleum (DMP) for work related to the East Blina-1 petroleum exploration well within L6 block in the Canning...
Braskem Idesa awards $2.7bn contract for pet-chem project in Mexico
A joint venture formed by Odebrecht, Technip and ICA Fluor has received an engineering, procurement and construction (EPC) contract worth $2.7bn from Braskem Idesa to build a petrochemical...
Simba Energy to recover strategic oil reserves in Kenya
Canada-based oil and gas firm Simba Energy announced the completion of passive seismic research at block 2A in Wajir, Kenya, which has indicated large potential of oil...
Russia’s Saratov refinery fire extinguished
Management at TNK-BP has said that a fire, which occurred at 1100 GMT at the Saratov refinery in Russia has now been...
Marathon Oil to acquire 20% stake in South Omo concession, Ethiopia
Marathon Oil subsidiary Marathon Ethiopia will acquire a 20% stake in South Omo concession in Ethiopia, effective 17 August 2012....
Atlas Pipeline Partners cryogenic processing plant comes online in US
Atlas Pipeline Partners new Waynoka II plant located on WestOK gathering and processing system in north-west Oklahoma and southern Kansas has begun operations....
Gobi Energy Partners plugs Ger Chuluu D1 well in Mongolia
Manas Petroleum subsidiary Gobi Energy Partners has plugged and abandoned the Ger Chuluu D1 well located in the Ger Chuluu sub-basin,...
Africa Oil spuds Paipai-1 well in Kenya
Canada-based Africa Oil has announced the spudding of the of the Paipai-1 exploration well located in onshore block 10A in...
PetroShale announces initial test results of Mondak field in the US
PetroShale has announced initial results from drilling activities in its Mondak field which
extends from Richland County, Montana, to McKenzie County in North Dakota,...
Sinopec shuts processing unit in China for safety checks
China-based Sinopec has announced plans by Sinopec Guangzhou Petrochemical plant to shut down a processing unit at the facility, located in Guangzhou...
Trans Adriatic Pipeline project secures support for commercial activity in Italy
Switzerland-based Trans Adriatic Pipeline (TAP) announced the signing of a memorandum of understanding (MoU) by the governments of Italy, Greece and Albania confirming their political support...
Oil and gas wells not inspected by regulators, says report by Earthworks
More than 66,000 active wells weren't inspected by the Pennsylvania Department of Environmental Protection (DEP) in 2011, according to a new report by Earthworks, a non-profit...
September 2012
Top
Chevron employees arrested on corruption charges in Indonesia
Four employees of US oil and gas group Chevron have been detained by government authorities over alleged corruption concerning an environmental remediation project in Sumatra,...
US Bureau of Land Management to hold oil and gas lease sale in Alaska
US Secretary of the Interior, Ken Salazar, said the Bureau of Land Management (BLM) will hold its second oil and gas lease sale on 7 November 2012 in Anchorage,...
Huge shale gas reserves could change Britain’s fortunes, says report
Britain has a huge untapped shale gas potential that could help the region reduce carbon emissions, bring down energy prices and increase employment, finds a new survey by the Institute...
NYTEX Petroleum completes drilling of first vertical well in US
NYTEX Petroleum, a unit of NYTEX Energy, has announced the completion of its first vertical well located in Jack County, Texas, US, which has been drilled into the Marble Falls formation at a...
Soco’s exploration plans in Congo’s national park face opposition from Britain
London-based Soco International's plans to explore oil in the Democratic Republic of Congo's Virunga National Park are facing stiff opposition by the British...
Atlas Resource Partners acquires assets in Mississippi Lime play, US
Equal Energy has entered into an agreement to divest its assets located in the Mississippi Lime play in north-western Oklahoma, US, for a total consideration of...
DNV launches recommended practice for shale gas extraction
Det Norske Veritas (DNV), a global provider of services for managing risk, has launched a recommended practice to protect workers and the environment during all stages of shale gas...
Molopo Energy wins onshore gas production right in South Africa
Molopo Energy subsidiary Molopo South Africa Exploration has been awarded a production right over an area of approximately 200,000ha in South Africa’s Free State...
Shell fails to make progress on oil spill cleanup in Niger delta
Shell Petroleum Development Company of Nigeria has not yet made any progress on cleanup efforts following two large crude oil spills from its rusting pipelines near the Ogoni village of Bodo in...
Beach Energy begins drilling programme at Cooper / Eromanga basin
Beach Energy has commenced a ten well drilling programme at its PEL 92 tenement located at the Cooper / Eromanga basin in South Australia....
Wood Group to acquire Mitchell's Oil Field Services
US-based Wood Group will purchase Mitchell's Oil Field Services for an initial consideration of $135m, subject to anti-trust approvals....
Exxon Mobil to acquire Bakken assets for $1.6bn
Exxon Mobil and its wholly owned subsidiary XTO Energy have entered into an agreement to acquire Bakken assets in North Dakota and Montana in the US from Denbury Resources for a total...
Foster Wheeler wins contract for PDVSA refinery in Venezuela
A subsidiary of Foster Wheeler’s Global Engineering and Construction Group has secured a contract for phase I (hydroskimming section) of the new Batalla Santa Ines refinery to be built in...
Tethys Oil discovers oil in Oman
Tethys Oil has discovered a 36m gross oil column at exploration well B4EW3 on Block 4 in...
Petroleos de Venezuela reports fire at El Palito refinery, Venezuela
State oil company Petroleos de Venezuela (PDVSA) has been working to put out a fire at its El Palito oil refinery located in Carabobo, Venezuela....
Caballo Energy to build cryogenic processing plant in US
Caballo Energy has unveiled plans to build a new cryogenic processing plant near Carmen, Oklahoma, in the...
26 killed in Pemex gas pipeline fire
Mexico’s state-owned oil company, Petroleos Mexicanos (Pemex) reported 26 deaths as a big fire erupted at a natural gas pipeline distribution center near Mexico’s border with the...
BowLeven to begin oil exploration in Kenya
UK-based oil explorer BowLeven has unveiled plans to begin oil exploration in Kenya, after acquiring a 50% stake in onshore exploration block 11b from Adamantine...
Atlantic Operating closes finance from Natural Gas Partners
Atlantic Operating has completed a $150m commitment of equity capital from Natural Gas Partners (NGP) through its recently closed fund, NGP Natural Resources...
Yemen invites foreign companies to bid for exploration and development rights
Yemen is seeking bids from international oil companies to participate in the bidding process to explore and develop five oil blocks across the country....
ShaMaran Petroleum reports positive oil pay at Atrush-2 well
ShaMaran Petroleum has announced positive test results from the Atrush-2 appraisal well located in the Kurdistan Region of...
Cutbank Operating to receive funding for drilling programme in US
X-Change subsidiary, Cutbank Operating, has executed a letter of intent (LOI) with a private oil and gas fund to secure funding for its drilling operations in Daniels County, Montana,...
EnerJex Resources expands Rantoul Project acreage in US
EnerJex Resources has expanded its Rantoul Project acreage by 6,700 acres in Texas,...
Chesapeake Energy to sell Permian basin assets for $6.9bn
Chesapeake Energy has signed multiple agreements to sell all of its midstream assets and certain noncore leasehold located in the US Permian basin for a total consideration of...
UOP technology selected for pet-chem production in China
China-based Heilongjiang Anruijia Petrochemical (HAP) has selected Honeywell's UOP technology for production of components for fuels, synthetic rubber and plastics....
New World Oil and Gas to commence drilling on Blue Creek Project in Belize
New World Oil and Gas will commence drilling operations at one of three drill-ready prospects identified on the Blue Creek Project located in the Petén Basin in Northwest...
NuVista Energy divests natural gas assets in Canada
NuVista Energy has divested three natural gas properties located in Wapiti area in Alberta’s Deep Basin for approximately...
Continental Refining Co. to resume operations in 2012
Production is set to resume this year at Continental Refining Co., located in Somerset in Kentucky, US....
FieldPoint Petroleum completes East Lusk well in US
FieldPoint Petroleum has announced the completion of East Lusk Federal 15 well #2, part of the Lusk Field in Lea County, New Mexico,...
BP unveils laboratory for fuel testing in Australia
BP has unveiled a new $11m laboratory complex equipped with fuel testing facilities at the Kwinana refinery near Perth in...
GAIL India unveils first phase of LNG pipeline
GAIL India has unveiled the first phase of the 43km pipeline for distribution of re-gasified liquified natural gas (RLNG) across Indian...
Orca Exploration abandons La Tosca-1 well in Italy
Tanzania-based Orca Exploration Group has plugged and abandoned the La Tosca-1 exploration well located in the Eastern Po Valley basin, Italy....
Rosneft, Transneft to jointly construct pipeline offshoot in Russia
An agreement has been signed between Rosneft and Transneft to jointly develop an offshoot of the Eastern Siberia - Pacific Ocean (ESPO) trunk pipeline in...
TransCanada submits environmental report for Keystone XL Pipeline
A supplemental environmental report (SER) has been to the Nebraska Department of Environmental Quality (NDEQ) for the preferred alternative route for the Keystone XL Pipeline in Nebraska, US....
Heavy Earth Resources reports drill-ready prospect inventory for Colombia’s Morichito Block
Heavy Earth Resources has reported new drill-ready prospects from the recently completed 3-D seismic survey of the Morichito Block in the Eastern Llanos Basin of...
DTE Energy signs MoU to develop NEXUS gas transmission system
DTE Energy announced the execution of a memorandum of understanding (MoU) to develop the NEXUS Gas Transmission (NGT) system in US, in partnership with Enbridge and Spectra...
Sonde Resources encounters gas pay at Montney well in Canada
Sonde Resources has encountered high permeability of gas at the 4-19-67-26W5 HZ well in the Ante Creek North area in western Canada....
La Cortez Energy transfers rights in Putumayo-4 block
La Cortez Energy Colombia, a unit of La Cortez Energy, has transferred its 50% participation right in the Putumayo-4 Block under a joint operating agreement (JOA) to Petroleos del...
Shell divests stake in Nigerian oil asset
Shell Petroleum Development Company of Nigeria has completed the divestment of its 30% interest in oil mining lease OML40 located in the Niger Delta....
Empire Oil & Gas farms out 15% stake in Perth Basin permit
Empire Oil & Gas has announced the farm out of a 15% interest in exploration permit EP 437 located on the onshore Perth Basin in Australia to Caracal...
Porto Energy begins drilling of Alcobaça-1 well in Portugal
Porto Energy has begun drilling of the Alcobaça-1 (ALC-1) well located in the Aljubarrota-3 concession onshore Portugal....
August 2012
Top
Cosmo Oil to close refinery in Japan
Cosmo Oil has unveiled plans to shut down its refinery in Sakaide, Kagawa Prefecture in Japan in July...
NIS to invest in refinery expansion in Serbia
NIS unveiled plans to invest $100m in its refinery located in the Serbian city of Novi...
Fairborne Energy to divest natural gas assets in Canada
Fairborne Energy has entered into agreements to divest two dry natural gas assets located in Alberta, Canada, for a total consideration of...
Nostra Terra to acquire Ward Petroleum’s stake in Chisholm Trail Prospect
Nostra Terra Oil and Gas has signed an agreement with Ward Petroleum to acquire a 20% working interest in the Chisholm Trail Prospect located in Oklahoma,...
Resource Environmental Solutions awards ecological offsets for Keystone Pipeline
Resource Environmental Solutions (RES) has awarded ecological offsets to TransCanada Keystone for the proposed Keystone Pipeline Gulf Coast project in the...
US Seismic Systems wins order for sensor system
US Seismic Systems, an Acorn Energy company, has received a $1m order to supply an ultra-high sensitivity fibre optic based sensor system to an unnamed customer....
Elenilto wins bid to operate XIH Oil Block in Georgia
Elenilto, a global exploration and mining company, has won an international competitive tender conducted by the government of Georgia to operate an oil and gas block in the...
Crestwood Midstream Partners completes acquisition of midstream assets from Devon Energy
Crestwood Midstream Partners has completed acquisition of midstream assets from Devon Energy subsidiaries for a cash consideration of...
Morgan Stanley Infrastructure takes complete ownership of Southern Star Central
Morgan Stanley Infrastructure has announced that it has increased its ownership stake to 100% of the common equity of Southern Star Central Corp, parent company of Southern Star Central...
Venezuela’s Amuay plant still burning, fire kills 39
The deadly fire at the Amuay refinery located west of Caracas in Venezuela, that resulted in the death of 39 people and injured several others, continues into the third...
Emerald Energy begins drilling operations at Maranta Block, Columbia
Emerald Energy has become drilling operator at Agapanto-1 exploratory well located on the Maranta Block in southwest...
Kinder Morgan Energy Partners to build crude pipeline in the US
Kinder Morgan Energy Partners is set to invest $90m towards building a 27-mile lateral pipeline for the transportation of Eagle Ford crude and condensate to Phillips 66's Sweeny Refinery...
Simba Energy completes passive seismic survey onshore Kenya
Pan-African oil and gas explorer Simba Energy has completed the first phase of a passive seismic survey on Block 2A onshore Kenya....
New Standard Energy spuds Nicolay #1 well in Australia’s Canning Basin.
New Standard Energy has announced the spudding of Nicolay #1 well, part of the Goldwyer Project in Australia's Canning...
Africa Oil spuds Twiga South-1 well in Kenya
Canada-based oil and gas company Africa Oil announced the spudding of the Twiga South-1 exploration well, located in onshore Block 13T in...
Kinder Morgan Energy Partners to divest assets in $3.3bn deal
Kinder Morgan Energy Partners has announced the sale of its assets to Tallgrass Energy Partners in a deal worth $3.3bn, following a purchase and sale...
Shell to acquire Chevron’s stake in Australian Browse LNG project
Shell Development has entered into a binding agreement with Chevron to acquire a stake in the Browse LNG project at James Price Point, 60km north of Broome in Western...
Petroamerica Oil announces drill results of Los Ocarros Block in Colombia
Petroamerica Oil has announced that its drilling of Las Maracas-4 well on the Los Ocarros Block in Llanos Basin, Colombia, reached a total of 12,522ft measured depth...
Pacific Rubiales receives approval to increase production at Cajua field
Pacific Rubiales Energy has announced that it has received approval from the Quifa Association Executive Committee to increase production on a portion of the Quifa North block located in Colombia....
Anatolia Energy begins drilling Guvenir-1 well in Turkey
Anatolia Energy has begun drilling operations at the Guvenir-1 well located on the Antep Licence in...
PEMEX approves use of Chimera Energy shale oil extraction technology
Mexican state-owned petroleum company PEMEX has approved the use of Chimera Energy's new non-hydraulic shale oil extraction...
Lighthouse Petroleum to begin drilling at Project 1 in US
The Lighthouse Petroleum’s management has approved budget to begin work for 'Project 1', located in Haskell County, Texas, US, by mid-September 2012....
BCM Energy buys production assets in North Louisiana
BCM Energy Partners has purchased certain oil and gas leases in Caddo Parish, located in the US state of...
Arcis Seismic Solutions begins 3D multi-client surveys onshore Canada
Arcis Seismic Solutions, a wholly-owned subsidiary of TGS, has begun two 3D multi-client surveys onshore...
Oando Energy Resources announces drilling results at Ebendo Marginal field
Oando Energy Resources has announced the initial drilling results from the fourth well drilled at the Ebendo Marginal Field located in Ebendo,...
Sintana Energy begins seismic programme on Bayovar Block, Peru
Sintana Energy has begun a seismic programme on Bayovar Block XXVII located in the Sechura Basin,...
Trans-Northern Pipelines to employ IFS applications for enterprise asset management
IFS has been selected by Trans-Northern Pipelines (TNP) to deploy its applications across its portfolio of operations spread across...
BP to sell Carson refinery and assets to Tesoro for $2.5bn
BP will sell its refinery and related logistics and marketing assets located in California, US, to Tesoro Corporation for $2.5bn, following an agreement between the two...
Drillsearch Energy begins production testing at Coolawang Wet Gas Discovery in Australia
Drillsearch Energy has begun extended production testing (EPT) at the Coolawang wet gas discovery in PEL 106B, located in Australia’s Cooper...
PetroFrontier Corp to complete drilling operations at Owen-3 well in Australia
PetroFrontier Corp announced that drilling operations at Owen-3 horizontal well located in Northern Territory, Australia, will be completed in August...
Trans Adriatic Pipeline signs funding agreement with Shah Deniz Consortium
The Trans Adriatic Pipeline (TAP) has reached an agreement with members of the Shah Deniz Consortium to secure funding for the TAP pipeline...
Bechtel to construct $5.6bn liquefaction trains for Sabine Pass project in the US
Bechtel has received a full notice to proceed from Cheniere Energy Partners to build two liquefaction trains of the Sabine Pass liquefaction project located in the US....
Parkmead acquires onshore assets from Dyas
Parkmead has completed the acquisition of a portfolio of onshore assets located in Netherlands from Dyas for a total purchase price of...
AMEC wins remediation contract in Kuwait
AMEC has received a contract from Kuwait Oil Company (KOC) to provide remediation services for an oil field in...
Explosion shuts Iraqi oil pipeline
A pipeline carrying oil from Iraq to world markets has been shut by authorities due to an explosion in...
CYGAM Energy reports flow test results of TT-16 well in Tunisia
CYGAM’s wholly-owned subsidiary CYGAM Energy has announced the flow test results of the TT-16 horizontal well, located in the TT Field in the Bir Ben Tartar (BBT) concession in...
Kulczyk Oil cases Makeevskoye-20 gas well in Ukraine
Kulczyk Oil Ventures (KOV), a subsidiary of KUB-Gas, has cased the Makeevskoye-20 (M-20) well in the Ukraine to a total depth of 2,000m as a gas well, pending completion for commercial gas...
Kinder Morgan Energy Partners to acquire two natural gas pipelines for $6.22bn
Kinder Morgan Energy Partners (KMP) will acquire a 100% stake of the Tennessee Gas Pipeline (TGP), as well as a 50% stake in the El Paso Natural Gas (EPNG) pipeline from Kinder Morgan (KMI)...
Yemeni refinery resumes oil operations
Aden Oil Refinery has restarted operations from its main oil refinery located in the port city of Aden, following nine months of suspension due to attacks on the pipeline in the province of Mareb....
CNOOC to invest $1.56bn in coal bed methane exploration in China
China National Offshore Oil Corporation (CNOOC) has signed a contract with China United Coalbed Methane Corporation (CUCMC) to spend $1.56bn in coal bed methane exploration in...
Sumitomo to invest $1.4bn in Devon Energy’s assets in the US
Sumitomo Corporation will invest $1.4bn to acquire a 30% stake in Devon Energy assets located in the US, pursuant to an agreement between the two companies....
Saudi Aramco extends bidding deadline for refinery in Saudi Arabia
Oil major Saudi Aramco has extended by one month the bidding deadline for the construction of a new refinery in Jizan province of Saudi...
NNPC acquires onshore block in Nigeria
State oil company Nigerian National Petroleum Corp (NNPC) has acquired a 55% stake in OML 34, an onshore oil block in Nigeria, from Shell Petroleum Development Corporation, a unit of Royal...
New World Oil inks farm-out agreement with ThermaSource International
New World Oil and Gas has signed a farm-out agreement (FOA) with ThermaSource International for its Blue Creek Project in north-west...
Marathon Oil and Total close agreements for Kurdistan blocks
Marathon Oil subsidiary Marathon Oil KDV BV has completed farm out agreements with subsidiaries of...
Norwest Energy’s Perth Basin well flows gas
Norwest Energy is currently flowing gas to surface after the successful hydraulic fracture stimulation of Arrowsmith-2 well in the onshore Perth Basin in...
July 2012
Top
TransCanada and Exxon to seek customer interest in Alaska pipeline project
TransCanada and Exxon Mobil Corporation have announced that they will seek customer interest in securing capacity on a proposed pipeline to transport natural gas in the US state of...
Comet Ridge signs Australia's Galilee Basin farm-in
Comet Ridge has signed a farm-in agreement with Queensland Energy Resources (QER) to earn up to a 75% stake in the Lake Galilee farm-in area located in the south-east of permit ATP...
Samsung named preferred bidder for Jamaican LNG project
Samsung affiliate, Samsung C&T, has been declared the preferred bidder for the development of the liquefied natural gas (LNG) floating storage and regasification terminal in...
TransCanada wins final nod for Gulf Coast Project
TransCanada Corporation has secured the final approval required to commence construction of its 780km oil pipeline in the coming...
Crosstex Energy completes agreements for Cajun-Sibon expansion project, US
Crosstex Energy said it has completed long-term supply commitments to begin with the construction of the first phase of its Cajun Sibon natural gas liquids (NGL) pipeline expansion project...
Dart Enery completes Liuling compressed natural gas plant
Dart Energy and Fortune Oil have said that construction of the independently-owned compressed natural gas (CNG) facility at Liulin, China, has been completed and is now awaiting final...
Nighthawk Energy sees recovery in production at Jolly Ranch
US-based shale oil company Nighthawk said there was a steady improvement in production during the second quarter of 2012 from its 75% owned and operated onshore project at Jolly Ranch in...
Total to develop $1.9bn Tempa Rossa oil and gas project
French oil giant Total has revealed plans to begin development of an onshore oil and gas field in southern Italy estimated to cost €1.6bn...
Pacific Rubiales to acquire stake in Colombian exploration block
Pacific Rubiales Energy Corporation will acquire a 40% participating interest in an onshore exploration block in southern Colombia from Petrolera Monterrico S.A. Sucursal Colombia (Petromont)....
Marathon Oil and Tullow to aquire stakes in Kenyan blocks
Marathon Oil has said it will acquire an interest in two Kenyan onshore exploration blocks covering more than 11 million gross...
Drillsearch and Beach Energy strike oil at Bauer oilfield
Drillsearch Energy and Beach Energy have made a new oil discovery at the Bauer-5 development well location in PEL 91 in South Australia's onshore Cooper...
Tanzania starts construction work on natural gas pipeline
Tanzania has begun construction work on a 532km natural gas pipeline between Mnazi Bay in Mtwara and Dar es...
Comet Ridge encounters gas pay at Mahalo 3 well in Australia
Comet Ridge has reported positive test results from its Maholo 3 well in the Bowen Basin of Queensland,...
Afren reports additional oil discovery at Kurdistan well
Independent oil and gas company Afren has reported additional oil flows and positive test results from the Simrit-2 exploration well in the Kurdistan region of...
Gulf Keystone upgrades Iraqi discovery oil estimates
Gulf Keystone Petroleum Ltd. has announced a major upgrade of the gross oil-in-place volumes at the Shaikan field in the Kurdistan Region of...
Venezuela awards refinery expansion contract
Venezuela's state-owned oil company Petróleos de Venezuela (PDVSA) has awarded a engineering and construction management for the El Palito Refinery expansion...
Ambassador to drill second oil well in Australia’s Cooper basin
Ambassador Oil and Gas has unveiled plans to commence drilling at its second oil well in the Mudlalee block, located in Australia's Cooper...
Armour Energy reports first McArthur Basin gas reserves in Australia
Armour Energy has reported its first mean prospective resource for the Greater Cow Lagoon Structure in the onshore McArthur basin in Northern Territory,...
Senex Energy discovers new oilfield in Australia’s Cooper Basin
Senex Energy has discovered a new oil field on the western flank of South Australia’s Cooper...
Neon Energy discovers more oil and gas at California basin
Neon Energy has discovered oil and gas shows in the Paloma Deep-2 well in the San Joaquin Basin, onshore California,...
Shell drops Cove Energy takeover bid
Shell has dropped out of its takeover bid for Mozambique-focused explorer Cove Energy, paving the way for Thailand’s only listed gas explorer PTT Exploration & Production to acquire...
Burleson Energy confirms hydrocarbons at Texas development well
Burleson Energy said the vertical section of the Truchard #2H horizontal development well in Texas, US has indicated encouraging results, with a hydrocarbon charged reservoir...
UAE opens $4.2bn Habshan-Fujairah pipeline
The United Arab Emirates has opened the new $4.2bn Habshan-Fujairah pipeline which will allow Abu Dhabi to export crude oil directly from Fujairah and has loaded the first tanker for...
Cheniere Partners secures $3.4bn for Sabine Pass LNG export terminal
Cheniere Energy Partners, an affiliate of Cheniere Energy, has received financial commitments of about $3.4bn to fund the construction of its proposed Sabine Pass LNG liquefaction project in the...
Magellan Midstream and Occidental extend open season for BridgeTex pipeline
Magellan Midstream Partners and Occidental Petroleum Corporation have extended their binding open season by one week to seek potential customers for their proposed BridgeTex Pipeline project...
Noble Energy to sell midstream assets to Unit Petroleum
Noble Energy has agreed to sell certain oil and natural gas assets in western Oklahoma and the Texas Panhandle to Unit Petroleum Company for $617m in...
Voyager Oil & Gas in Emerald Oil deal
Voyager Oil & Gas has acquired Emerald Oil, a subsidiary of Emerald Oil & Gas, to create a US-based oil and gas company that will focus on select oil and gas basins in the Rocky Mountain region....
Shell to take over Norway's Gasnor
Royal Dutch Shell has acquired a 95.9% stake in Norwegian liquefied natural gas (LNG) supplier Gasnor for...
Williams Partners funds joint venture to develop midstream infrastructure
Williams Partners has announced that it is funding a joint venture with Caiman Energy II to develop pipelines and processing infrastructure, serving producers in Ohio and other potential shale...
Beach Energy flows shale gas from Australian Cooper Basin well
Beach Energy said its Encounter-1 shale gas well in Australia’s Cooper Basin has flowed gas at a combined rate of over two million cubic feet per...
NiSource and Hilcorp form Utica shale joint venture
NiSource Gas Transmission and Storage and its subsidiaries have entered into an agreement with Hilcorp Energy Company, to form a joint venture to develop the hydrocarbon potential in...
New Zealand Energy begins production from Taranaki Basin well
New Zealand Energy Corporation (NZEC) has said that production has begun from its Copper Moki-3 well on its 100%-owned Eltham permit in the Taranaki Basin of New Zealand's North...
Buru Energy spuds Canning Basin well
Buru Energy has begun drilling operations at the Ungani North-1 in EP 391 in the onshore Canning Basin, Western...
Burleson Energy farms out stake in Texas development well
Burleson Energy (BUR) has agreed to farmout a 30% stake in the Truchard #2H (horizontal) development well and Truchard Unit in Texas, US, to Mogal Holdings.
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Norway’s DNO eyes Calvalley Petroleum aquisition
Norwegian oil and gas company DNO International said it plans to offer C$215m ($212m) in cash to acquire Canada's Calvalley...
Cooper Energy strikes oil at Christies field
Cooper Energy and its joint venture partner Beach Energy have encountered oil at the Christies-7 location in the PEL 92 exploration licence in Australia’s Cooper...
Magnolia Petroleum to spud three wells in Oklahoma
Magnolia Petroleum has revealed that it is participating in three additional wells as part of a drilling programme in proven onshore oil plays in Oklahoma,...
Atlas Copco wins order for Ichthys gas project in Australia
Atlas Copco has secured an order to deliver turbocompressors at an onshore LNG plant facility for the Ichthys LNG Project located in the Browse Basin, Western...
Solo Oil reports strong results from Tanzania well programme
Solo Oil has announced the results of the first independent evaluation of the Ruvuma PSA, an under-explored portion of the Ruvuma Basin, southern...
Drill stem test fails at Senex Cooper Basin well
Senex Energy has announced that a mechanical failure has prevented a valid result from a drill stem test at the Shocking-1 exploration well in Australia's Cooper Basin....
Zeta Petroleum to recommence Bobocu drilling programme in Romania
Australia's Zeta Petroleum has unveiled plans to spud the Bobocu 310 appraisal well in Romania later this...
Sunoco and Carlyle partner to save Philadelphia refinery
Sunoco and private-equity firm the Carlyle Group have agreed to form a joint venture, Philadelphia Energy Solutions, in order to keep the company's Philadelphia refinery in...
Spectra Energy to proceed with natural gas pipeline expansion in New York
Spectra Energy Corporation has received final approval from the Federal Energy Regulatory Commission (FERC) to commence work on the $1.2bn New Jersey-New York Expansion...
Xtract Energy and Global Oil Shale to develop Queensland oil shale play
Xtract Energy has announced that Global Oil Shale (GOS) Group has agreed to develop its oil shale play at Julia Creek in Queensland,...
June 2012
Top
Providence Resources suspends drilling of Singleton well in the UK
Irish oil and gas firm Providence Resources has suspended the X12 development well on its Singleton oilfield in Weald Basin, onshore...
Petrom completes Petrobrazi refinery upgrade
Oil and gas producer Petrom has commissioned the modernised crude vacuum distillation unit at its Petrobrazi refinery in...
Wison and Hyundai win $2bn Puerto la Cruz oil refinery project contract in Venezuela
China’s Wison Engineering, in consortium with Hyundai Engineering and Construction Company and Hyundai Engineering Company, has been awarded a contract by PDVSA Petroleo, Venezuela's state-run...
Middle East joint venture to build $6bn oil refinery in Oman
Oman Oil Company (OOC) and International Petroleum Investment Company (IPIC) owned by the Government of Abu Dhabi, have established a joint venture company to own and develop a refinery...
Buru Energy makes u-turn on Paradise well abandonment plans
Buru Energy said it will continue operations at the Paradise-1 well in Western Australia’s onshore Canning Basin after recovering live oil to surface during abandonment...
Exoma Energy awarded Queensland oil and shale exploration permits
Exoma Energy and its partner CNOOC Gas & Power (CNOOC) have secured four new exploration blocks in the Eromanga and Galilee basins in Central Queensland, Australia....
BP to sell US gas assets for $1bn
BP has agreed to sell its interests in the Jonah and Pinedale upstream operations in the Green River Basin of south-west Wyoming, US, to LINN Energy for $1bn in...
Atlas Pipeline Partners completes Velma expansion programme in the US
Atlas Pipeline Partners (APL) has opened a new 60 million cubic feet per day cryogenic facility at Velma in Oklahoma, US, following an expansion programme....
Heritage Oil starts drilling appraisal programme in Iraq
Heritage Oil has commenced drilling the Miran West-4 appraisal well on the Miran Block in the Kurdistan region of Iraq....
ADX Energy reveals negative test results in Tunisian oil well
ADX Energy said its Sidi Dhaher-1 well in Chorbane licence in onshore Tunisia failed to show hydrocarbons in well test...
Mart Resources to develop second pipeline Nigerian oilfield
Mart Resources and its co-venturers, Midwestern Oil and Gas Company and SunTrust Oil Company, have inked a deal to develop a second export pipeline for the onshore Umusadege oil field in...
OMV in first upstream pact with Wintershall to appraise Abu Dhabi gas play
Wintershall Middle East, a Wintershall Holding unit, and Austrian energy group OMV have signed an agreement with the Abu Dhabi National Oil Company (ADNOC) to appraise the sour gas and...
Neon Energy proves oil and gas resource at California acreage
Neon Energy has proven the presence of producible oil, gas and condensate during production testing at its Paloma Deep-1 well, in California,...
ENOC secures $100m fund for petroleum terminal in Dubai
Horizon Terminals, a subsidiary of Emirates National Oil Company (ENOC), has secured a $100m loan to partly finance the development of a new bulk liquid petroleum terminal in Dubai,...
CenterPoint Energy to purchase natural gas assets in Texas
CenterPoint Energy has announced that its subsidiary, CenterPoint Energy Field Services (CEFS), has entered into two deals to purchase gathering and processing assets in a liquids-rich area...
US Bureau of Land Management approves Gasco Energy’s Uinta basin project
The US Bureau of Land Management (BLM) has approved a natural gas project in the Uinta Basin field in Utah that would allow Gasco Energy to drill nearly 1,300 new oil and gas wells for a period...
Ambassador to commence first drill programme at Australia’s Cooper basin
Ambassador Oil and Gas has unveiled plans to drill two wells with a recoverable oil potential of 630,000 barrels in South Australia’s Cooper basin, marking the company’s first ever oil...
DMT secures deal for 3D-seismic exploration in Austrian Alps
Germany-based DMT's exploration and geosurvey division has won a contract for a 3D-seismic project to explore for oil in the Austrian...
Po Valley inks farm-in agreement with Petrorep for Italian gas prospects
Po Valley Energy (PVE) has executed a farm-in agreement with Petrorep Italiana for two onshore gas exploration licences located in the Po Valley in northern Italy....
Canacol Energy begins drilling in Colombian Caguan
Canacol Energy has started its heavy oil exploration drilling programme on its Portofino and Cedrela exploration and production (E&P) contracts located in the onshore Caguan – Putumayo basin...
New World Oil and Gas amends Blue Creek farm-out deal in Belize
New World Oil and Gas has unveiled amendments to the Blue Creek farm-out agreement (FOA) entered in 2011 with its joint venture partner, Blue Creek Exploration...
Egypt secures $3.7bn fund for Mostorod oil refinery project
Egyptian Refining Company (ERC) has secured $3.7bn for the redevelopment of a refinery at Mostorod, near...
Advance Energy to acquire Ukraine oil and gas prospect
Australia's Advance Energy has agreed to acquire an operating stake in the Ortynytska subsoil license in Western...
Buru Energy reports exploration update at Western Australia's Canning basin
Buru Energy has reported an update on deepening operations at its Paradise-1 well in Western Australia's Canning...
New World Oil and Gas unveils positive assessment of Danish project
New World Oil and Gas said a latest assessment of its Danica Jutland Project in the Jutland onshore area in south western Denmark has surpassed...
Magellan Midstream and Occidental launch open season for BridgeTex pipeline
Magellan Midstream Partners and Occidental Petroleum Corporation have launched an open season to seek potential customers for their proposed BridgeTex Pipeline project from Colorado City, Texas...
Rangeland Energy's crude oil loading terminal enters service in the US
Rangeland Energy has completed and opened the company’s COLT terminal in Bakken Shale, North Dakota,...
Golden Valley Mines confirms drill ready targets in Canada
Golden Valley Mines has said it has identified several drill ready prospects in the Abitibi Greenstone Belt located in Quebec and Ontario, Canada....
Kea Petroleum strikes light oil at Puka-1 well in New Zealand
Kea Petroleum has completed swabbing operations at its 100% owned Puka-1 well in New Zealand's Taranaki...
Jupiter Energy wins exploration extension for Kazakh block
Jupiter Energy has been awarded the first two-year extention for the Block 31 exploration licence located in...
Chesapeake Energy to sell midstream assets for $4bn
Chesapeake Energy Corporation has announced the sale of its midstream assets in three separate transactions totaling more than $4bn....
SAFT begins second phase of construction on oil products terminal, Fujairah
SOCAR Aurora Fujairah Terminal (SAFT) has commenced construction work on the second phase of an oil products terminal in Fujairah,...
Acer Energy identifies potential pay zones in Australian prospect
Acer Energy has discovered additional potential pay zones at its 100% owned Flax field in Australia’s Cooper...
Amerisur Resources strikes oil in Colombian oilfield
Amerisur Resources has encountered oil on the Platanillo-3 well in the onshore Platanillo field in...
Shell selects TransCanada to build natural gas pipeline in Canada
TransCanada has been selected by Shell Canada and its partners to build and operate an estimated $4bn natural gas pipeline in British...
MarkWest Utica finalises agreements to develop natural gas infrastructure in US
MarkWest Utica, a joint venture between MarkWest Energy Partners and The Energy and Minerals Group (EMG), has finalised agreements to construct and operate midstream infrastructure related...
Senex Energy strikes gas flows at South Australian Cooper Basin permit
Senex Energy has revealed that formation gas was recorded at surface during initial flowback at Sasanof-1 well from its 100% operated PEL 516 in South Australian Cooper Basin...
BP to sell stake in Russia's TNK-BP
BP has revealed plans to sell its 50% stake in Russian oil company TNK-BP and has received unsolicited indications of interest for the...
Senex Energy fracking at Australian well
Senex Energy has announced that it has completed a multi-zone hydraulic fracture stimulation programme at the Sasanof-1 unconventional gas exploration well in the Cooper Basin, South...
May 2012
Top
Armour Energy secures tenderer status for Queensland oil and gas exploration
Armour Energy said it has been awarded preferred tenderer status for the exploration permit ATP 1107 in Queensland,...
Cenovus Energy wins approval for oil sands project
Cenovus Energy has received approval from the Alberta Energy Resources Conservation Board (ERCB) to proceed with its proposed Narrows Lake oil sands project near Christina Lake in northern...
Jubilant Energy wins exploration block in Myanmar
UK-listed explorer Jubilant Energy has won an onshore exploration block in the Republic of The Union of Myanmar, South East...
Oil Basins makes oil discovery in Canning basin
Oil Basins (OBL) has identified oil within the Gumhole formation during production testing of the Backreef-1 well in the onshore Canning basin, Western...
Senex Energy commences seismic survey on Australian oil and gas prospect
Senex Energy has announced that a 3D seismic survey for three conventional oil and gas prospects has commenced in the onshore Cooper Basin, South...
Horizon Terminals begins work on petroleum terminal in Dubai
Horizon Terminals, a subsidiary of Emirates National Oil Company (ENOC), has begun work on its new $142m bulk liquid petroleum terminal in Jebel Ali Free Zone, Dubai,...
Tullow Oil makes another oil discovery in Kenya
Tullow Oil has announced that it has made another oil discovery at its Ngamia-1 exploration well in...
Gulf Keystone Petroleum begins at Iraqi prospect
Gulf Keystone Petroleum has announced that it has begun drilling of the Sheikh Adi-2 exploration well on the Sheikh Adi block in the Kurdistan region of Iraq....
Australia Pacific LNG secures $8.5bn in project funding
Australia Pacific LNG, a joint venture company between Origin Energy, ConocoPhillips and China Petrochemical Corp, has recieved $8.5bn in project finance from domestic and international...
India, Pakistan sign $7.6bn pipeline pact with Turkmenistan
GAIL (India) and Pakistan's Inter State Gas System have signed Gas Sales and Purchase Agreements with Turkmenistan's state gas company Turkmengaz for a proposed $7.6bn pipeline which will...
Pacific Rubiales, InterOil encounter gas flows in Papua New Guinea licence
Pacific Rubiales Energy Corporation and its partner InterOil Corporation have completed a drill stem test (DST) on the Triceratops-2 appraisal well in the Petroleum Prospective License...
Austria's RAG inks farm-in deal for Romanian oil and gas permit
Austria's Rohoelaufsuchungsgesellschaft (RAG) has inked a farm in deal with Australia-based ADX Energy for its Parta licence in the onshore southern Pannonian basin area of western...
PetroSA and Sinopec join forces for refinery project in South Africa
PetroSA, South Africa’s National Oil Company, has entered into a joint study agreement (JSA) with the China Petrochemical Corporation, known as Sinopec Group, for the new Mthombo...
Spectra Energy wins approval for natural gas pipeline expansion in New York
Spectra Energy Corporation has received approval from the Federal Energy Regulatory Commission (FERC) for its proposed New Jersey-New York (NJ-NY) expansion project, which will transport...
Leni Gas & Oil mobilises rig for redevelopment of Trinidad oilfield
Leni Gas & Oil (LGO) has mobilised a workover rig to commence the re-development of the onshore Goudron oilfield in south-eastern Trinidad....
MDU Resources unit acquires stake in midstream assets
Bitter Creek Pipelines, a subsidiary of MDU Resources Group, has acquired a 50% stake in natural gas and oil midstream assets near Belfield in North Dakota,...
Heritage Oil confirms gas flows at Iraq well
Heritage Oil said it has successfully tested the Miran West-3 well in the Kurdistan Region of Iraq and encountered wet gas at a flow rate of 22 million cubic feet per day....
Beach Energy makes coal seams discovery at South Australian prospect
Beach Energy has announced the discovery of 110m of net coal at the Davenport 1 unconventional evaluation well in the Cooper Basin, South...
Inpex begins construction work on Ichthys LNG project in Australia
Japan’s Inpex Corporation has started preliminary construction work on the Ichthys liquefied natural gas (LNG) Project at Blaydin Point in Darwin, Australia....
Enbridge unveils $3.2bn pipeline expansion plan in US and Canada
Enbridge has unveiled plans for a $3.2bn expansion programme of its pipeline system in the US and Canada after recieving commercial...
UK University discovers new method to measure gas bubbles in pipelines
The University of Southampton in the UK has discovered a new method to measure gas bubbles in pipelines, a technique crucial to preventing a major oil...
Shell partners with Asian energy firms for Canadian LNG project
Shell Canada has formed a partnership with three Asian global energy firms to develop a proposed liquefied natural gas (LNG) export facility near Kitimat in British Columbia,...
Kuokuang to invest in Malaysia's $120bn oil refinery and petrochemical project
Taiwan’s Kuokuang Petrochemical Technology is in discussions with the government to take part in the $120bn oil refinery and petrochemical project proposed by Malaysia’s state oil...
Oleoducto Bicentenario secures loan for $4.2bn Colombian oil pipeline
Petrominerales, Ecopetrol and Pacific Rubiales Energy Corporation have rannounced that their joint venture company Oleoducto Bicentenario has secured loan worth about $1.2bn for the...
Oman Gas awards engineering study contract to Isolux Corsan unit
Oman Gas Company (OGC) has awarded a contract to TECNA, an engineering unit of the Isolux Corsán Group, to develop the conceptual engineering for the extraction of liquified petroleum gas...
InterOil encounters natural gas and condensate in Papua New Guinea
InterOil Corporation has encountered natural gas and condensate at a flow rate of 17.6 million cubic feet of gas per day in the Triceratops-2 well in Papua New...
Lakes Oil strikes gas at Australian prospect
Lakes Oil has made a gas at its Moreys-1 well in the Otway Basin in Victoria,...
Concho Resources to acquire US oil and gas properties for $1bn
Concho Resources said it has agreed to acquire all the oil and natural gas assets of Three Rivers Operating Company and certain affiliated entities for $1bn in cash....
US approves Anadarko’s $10bn Utah natural gas project
The US Department of the Interior has given the go-ahead to Anadarko Petroleum to begin work on its $10bn natural gas project in the Uinta Basin in the state of...
Siemens signs service pact for $16bn Santos LNG project in Australia
Siemens Energy has signed a deal to provide long-term maintenance services for the $16bn Santos Gladstone LNG (GLNG) project in Queensland,...
M Squared debuts hydrocarbon leak detection technology
Scottish technology firm M Squared has launched a laser-based hydrocarbon detection and imaging system which helps in spotting leaks on production platforms, pipelines and processing plants from...
Crosstex Energy companies to acquire Clearfield Energy
US-based Crosstex Energy LP and Crosstex Energy Inc, have agreed to acquire privately-held Clearfield Energy for $210m in...
Drillsearch Energy encounters wet gas in Australian prospect
Drillsearch Energy has discovered gas at the Southend-1 exploration well in Australia's onshore Cooper Basin, marking the completion of the Western Wet Gas Fairway exploration campaign....
SemGroup, Chesapeake and Gavilon to build oil pipeline in the US
A subsidiary of SemGroup Corporation, an affiliate of Chesapeake Energy Corporation and commodity management firm Gavilon have formed a joint venture to build the 210 mile crude oil Glass...
MarkWest Energy Partners to acquire Keystone Midstream Services
MarkWest Energy Partners has said it will acquire 100% of the ownership interests of Keystone Midstream Services for...
UGI Energy Services launches open season for $1bn natural gas pipeline
UGI Energy Services and Capitol Energy Ventures Corporation have launched an open season seeking non-binding contracts from shippers to carry natural gas volumes on the proposed $1bn...
US proposes new rules for hydraulic fracturing on public lands
The US Interior Department has proposed new draft rules for hydraulic fracturing operations on public and Indian lands in order to address concerns related to groundwater...
GDF SUEZ inks deal to develop $6bn liquefaction facility in US
GDF SUEZ has inked a commercial development agreement with Cameron LNG, a unit of Sempra Energy, to develop the third liquefaction train planned at the site of the latter’s existing import...
Petronet LNG to build Gangavaram Port terminal in India
Petronet LNG has inked a deal to develop a land-based liquefied natural gas (LNG) terminal at Gangavaram Port in Andhra Pradesh,...
Abu Dhabi gets approval for gas storage development in the Netherlands
Abu Dhabi National Energy Company (TAQA) has won approval from the Dutch Council of State for the development of the Bergermeer Gas Storage facility in the...
Origin to deliver gas for Australian joint venture project
Origin Energy has agreed to deliver gas to the Santos-led joint venture for the planned Gladstone Liquified Natural Gas (GLNG) plant in Queensland,...
Energy Transfer Partners to acquire Sunoco for $5.3bn
Energy Transfer Partners (ETP) has announced that it will acquire Sunoco, a US-based manufacturer of petroleum and petrochemical products, for...
Gujarat State Petronet executes $2.4bn deal for pipeline projects in India
India’s natural gas transmission company Gujarat State Petronet (GSPL) and three oil companies, have inked a joint venture deal to build three cross-country natural gas transmission pipeline...
Gulf Keystone reports oil finds in Iraqi prospect
Gulf Keystone has announced exploration updates from its ongoing exploration and appraisal programme in the Kurdistan Region of...
Woodside begins LNG production in Australia
Woodside Petroleum has begun production from its A$14.9bn ($15.56bn) Pluto LNG project near Karratha, in Western...
April 2012
Top
HPCL-Mittal Energy opens $4bn oil refinery in India
HPCL-Mittal Energy (HMEL), a joint venture of Hindustan Petroleum Corporation (HPCL) and Singapore's Mittal Energy, has opened the $4bn Guru Gobind Singh Refinery (GGSR) at Bathinda in Punjab,...
Beach Energy announces gas discovery in South Australian Cooper Basin
Beach Energy has announced that gas is flowing from the Encounter-1 well in the South Australian Cooper Basin, at a rate in excess of 500,000 cubic feet a...
New Zealand oil refinery expansion approved
Refining New Zealand shareholders have voted in favour of the $365m expansion of Marsden Point oil refinery near Whangarei in Northland, New...
New Standard Energy decides on drilling locations for Goldwyer phase one
New Standard Energy and ConocoPhillips have agreed on three drilling locations for phase one of the Goldwyer project in Western Australia's onshore Canning...
Kinder Morgan to buy midstream assets from Kohlberg Kravis Roberts
Kinder Morgan Energy Partners (KMP) has agreed to acquire a 50% stake in midstream developments held by investment firm Kohlberg Kravis Roberts & Co....
Constitution Pipeline Co executes precedent agreements for interstate pipeline
Constitution Pipeline Company, a joint development between Williams Partners and Cabot Oil & Gas Corporation, has executed precedent agreements for a proposed 121-mile pipeline designed to...
Report suggests safe fracking method
New research led by UK-based Durham University suggests that a minimum distance of 0.6km from sensitive rock strata is required to undertake safe fracking...
Tap Oil expands focus on unconventional plays with Australian deal
Tap Oil has entered into a deal with Rusa Resources to participate in the exploration of a large acreage position in the onshore Carnarvon Basin, Western...
Gulf Keystone discovers oil at Iraqi prospect
Gulf Keystone Petroleum has achieved 24,000 barrels of oil per day (bopd) of aggregate flow rates from the Shaikan-4 deep appraisal well, in a testing programme completed at the prospect in...
Kinder Morgan seeks shipper to carry light condensate to Alberta
Kinder Morgan Energy Partners (KMP) has launched an open season seeking binding contracts from shippers to carry light condensate from Kankakee County in Illinois, US, to existing...
Egypt cancels natural gas deal with Israel
Egypt's state-run gas companies have cancelled a 20-year deal to deliver natural gas to Israel, after the cross-border pipeline suffered numerous clashes throughout 2011 and 2012, cutting...
Theiss wins contract for Chevron’s Wheatstone project
Thiess, a Leighton Holdings subsidiary, and Bechtel Oil & Gas Chemicals have received a A$450m ($465.8m) contract to deliver site preparation works at the Chevron-operated Wheatstone project...
TransCanada submits alternative routes for Keystone XL pipeline
TransCanada has submitted a report to the Nebraska Department of Environmental Quality (NDEQ) to assess alternative routing corridors for the proposed $7bn Keystone XL oil...
Kvaerner wins $1bn onshore services contract from Shell
Norwegian firm Kvaerner has secured a contract worth 6bn NOK ($1bn) from Royal Dutch Shell to provide engineering, procurement, construction and management (EPCM) services at Ormen Lange /...
New World completes farm-out deal in Denmark
New World Oil and Gas has completed its farm-out agreement with Danica Resources to acquire an 80% interest in an oil and gas concession in...
US issues first air pollution rules for natural gas fracking
The US Environmental Protection Agency (EPA) has released new standards to address air pollution from the fracking technique used to drill natural...
UK government backs shale gas fracking under strict measures
The UK Government has given the green light for shale gas fracking to resume in the UK, under a firm set of...
Cheniere secures US approval for $10bn LNG export terminal
Cheniere Energy Partners has won authorisation from the Federal Energy Regulatory Commission to construct and operate facilities for the liquefaction and export of natural gas, at the Sabine...
Japanese firms to supply line pipe for Chevron’s gas project
Japan's JFE Steel Corporation and Marubeni-Itochu Steel have secured an order to supply 150,000 tons of line pipes for Chevron's Wheatstone Project, in Western...
PetroMagdalena expects rise in oil reserves at Columbian prospect
Canada-based PetroMagdalena Energy Corporation said that it expects to see an increase in oil shows at the Copa field in the Llanos Basin, located in...
DNO International and Genel to test Kurdistan well
Genel Energy and its joint venture partner DNO International are preparing to test observed oil shows at the Peshkabir-1 exploration well, located on the Tawke license in the Kurdistan Region of...
Lakes Oil and Armour Energy to drill Australian gas well
Lakes Oil (LKO) and its new partner Armour Energy are set to commence drilling at the Moreys 1 gas well in PEP 169, in the Otway Basin, onshore Victoria,...
Singapore's Trafigura to invest in Indian refinery
Singapore-based oil trader Trafigura said that it will buy a 24% stake in Nagarjuna Oil Corporation's new oil refinery, planned to be built in the Indian state of Tamil Nadu for...
Kinder Morgan to proceed with $5bn Trans Mountain pipeline expansion
Kinder Morgan Energy Partners said it will proceed with proposed plans for a $5bn expansion of its existing 1,150km Trans Mountain pipeline system in the...
Senex Energy discovers gas pay at Australian permit
Senex Energy has confirmed the presence of liquid-rich gas during drilling and coring of the Sasanof-1 exploration well in South Australian permit PEL...
Penn Virginia Resource acquires Chief Gathering for $1bn
Penn Virginia Resource (PVR) Partners said it will acquire Chief Gathering, a Chief E&D Holdings subsidiary, for...
Vitol bags $3.4bn LNG supply contract with Korea Midland Power
Switzerland's Vitol has inked a long-term $3.4bn deal with Korea Midland Power of South Korea (KOMIPO) for the annual supply of 400,000 tonnes of liquefied natural gas...
ONEOK Partners to build crude oil pipeline for $1.8bn
ONEOK Partners has unveiled plans to invest up to $1.8bn to build the Bakken Crude Express Pipeline between the Bakken Shale in North Dakota, US to Cushing,...
Phase 1 of Fujairah oil terminal to commence operations in October
The first phase of the Gulf Petrochem Group’s oil storage terminal project in Fujairah, the UAE is close to completion and set to begin operations in October this year....
Redline moves to next phase of Omani wireless oil field project
Redline Communications Group, a broadband wireless solutions provider, has launched the second phase of a major wireless oil field project for Shell Oil joint venture Petroleum Development Oman...
Feasibility study for $6bn Oman refinery expected in two months
Oman Oil Company and the International Petroleum Investment Company (IPIC) of Abu Dhabi are finalising a feasibility study to determine the capacity of their planned refinery and...
Oneok to build natural gas gathering system in Bakken Shale
Oneok Partners has unveiled plans to spend $140m to $160m to develop a 270-mile natural gas gathering system and related infrastructure in North Dakota, US....
KKR Natural Resources acquires US shale assets from WPX Energy
KKR Natural Resources (KNR) has agreed to acquire holdings in Texas’ Barnett Shale and Arkoma Basin in Oklahoma, US from WPX Energy for $306m. ...
LINN Energy partners with Anadarko for Salt Creek oilfield development
LINN Energy has signed a joint-venture deal with an affiliate of Anadarko Petroleum Corporation for the CO2 enhanced oil recovery development of the Salt Creek field in the Powder River Basin...
Philippine National Oil Company eyes $2.1bn Batangas pipeline project
State-owned Philippine National Oil Company (PNOC) plans to establish a new subsidiary, PNOC Pipeline Corporation (PNOC-PC) to undertake development works at the $2.1bn Batangas-Manila (BatMan...
Petron subsidiary acquires Malaysian downstream oil units
Petron Corporation's Malaysian subsidiary, Petron Oil and Gas International (POGI) has completed the acquisition of a 65% stake in Esso Malaysia, and shares in two downstream oil subsidiaries...
Venezuela-Colombia oil pipeline requires $8bn investment
Petroleos de Venezuela (PdVSA) has revealed that a proposed pipeline between Venezuela and Colombia to handle 600,000 barrels of oil a day would require an investment of about $8bn....
Ukraine to build LNG terminal at Port Yuzhnyi
Ukraine plans to build a €846m liquefied natural gas (LNG) terminal at the port of Yuzhnyi in Odesa...
March 2012
Top
Coastal Energy encounters hydrocarbons shows at Thai prospect
Coastal Energy Company has reported exploration results from its Bua Ban South wells in Thailand....
LNG Energy completes seismic programme on Papua New Guinea licence
LNG Energy has completed the 2011 "Sling" 2D seismic programme on the entire western section of PPL 319 licence, onshore Papua New Guinea, and identified the Tuyuwopi...
Pacific Rubiales signs deal for Colombian floating LNG vessel
Pacific Rubiales Energy through its subsidiary Pacific Stratus Energy Colombia Corporation (PSE) has entered into deal with Belgium-based Exmar to build, operate and maintain a...
Kinder Morgan expands storage at Canadian Edmonton terminal
Kinder Morgan Canada Terminals has inked a deal to add an additional 1.2 million barrels of merchant oil storage capacity at Trans Mountain pipeline's Edmonton terminal in Strathcona County,...
VTT Vasiliko and J&P Group ink deal for Cyprus oil terminal project
VTT Vasiliko and J&P Group have entered into an agreement to construct a €220m oil storage terminal in Vasilikos Port,...
Tullow makes first oil discovery in Kenya
Tullow Oil has become the first company to discover oil in Kenya, President Mwai Kibaki has...
Crestwood JV acquires Antero’s US shale gathering assets
Crestwood Marcellus Midstream has completed the acquisition of Antero Resources Appalachian Corporation’s Marcellus Shale gathering system assets in West Virginia, US for...
Apache Corporation tests for shale at Argentinean prospect
Apache Corportation has begun testing for shale in the western region of Argentina's Neuquén...
India to complete first phase of Kochi-Mangalore pipeline
The Gas Authority of India (GAIL) said it will commission the first phase of the INR37bn ($722.6m) Kochi-Mangalore pipeline project by next month....
Mitsubishi lands order for Ichthys LNG project in Australia
Mitsubishi Heavy Industries Compressor Corporation (MCO) has secured an order to supply nine compressors and seven motors for the $34bn Ichthys LNG Project located in Browse Basin,...
MENA Hydrocarbons begins operations in Egypt prospect
MENA Hydrocarbons has formed a joint venture company with the Egyptian Petroleum Company (EGPC) to assume operations in the Lagia oil field development in Egypt. ...
Tethys Petroleum posts increase in Kazakhstan oil and gas reserves
Tethys Petroleum has unveiled a major increase in its proved and probable reserves in...
DNO International confirms oil at Iraq well
DNO International has completed drilling at the Tawke-16 well in the Kurdistan Region of Iraq which tested 25,000 barrels of oil per day....
Korea National joins consortium to buy EP Energy for $7.15bn
South Korean state-run Korea National Oil Corporation (KNOC) has joined a consortium led by Apollo Global Management to buy exploration-and-production business, EP Energy from Kinder Morgan...
AWE plans gas fracking programme in West Australia
Australian oil and gas firm AWE will commence a hydraulic fracture stimulation programme at shale wells in the onshore North Perth Basin in Western Australia in June, this...
Roxi Petroleum sells BNG project stake to Korean firm
Kazakhstan-based Roxi Petroleum has agreed to sell a 35% interest in the BNG Contract Area license to Bakmura, a subsidiary of the Korean National Oil...
Valero Energy to close refining operations in Aruba
Valero Energy Corporation has said it will suspend refining operations at its 235,000 barrel-per-day oil refinery in...
Williams Partners to acquire Caiman Energy unit for $2.5bn
US-based gas company Williams Partners has unveiled plans to acquire Caiman Energy's subsidiary, Caiman Eastern Midstream for a total consideration of...
GE acquires stake in Texas natural gas pipeline operator
GE Energy Financial Services has acquired a 30.6% stake in Howard Energy Partners, the owner of 280 miles of natural gas pipelines in the Eagle Ford Shale of South Texas, for an undisclosed amount....
Iraq unveils contingency plan to deal with Hormuz strait crisis
The Iraqi government has unveiled a contingency plan that aims to build a pipeline to ship oil from southern fields to Ceyhan in Turkey and add capacity from its northern oil...
RusPetro announces operational updates at West Siberian basin
UK-based RusPetro has announced that its latest exploration well, located in Krasnoleninsk oilfield in the Khanty-Mansyisk region of the West Siberian basin in Russia, is expected to reach...
Magellan Midstream to expand Texas crude oil pipeline
Magellan Midstream Partners has unveiled plans to expand the capacity of its crude oil pipeline from Crane, Texas to its East Houston, Texas terminal in the US to 225,000 barrels per day....
AusTex Oil begins drilling Mississippi Lime prospect
AusTex Oil (AOK) has commenced drilling operations at the Balder #1-30N horizontal development well located in Northern Oklahoma,...
Australian construction JV wins onshore work for Ichthys gas project
Australian construction companies Macmahon Holdings and John Holland have received a $340m contract to build onshore facilities for the proposed Ichthys LNG project in Darwin,...
Senex Energy encounters gas pay at Queensland prospect
Senex Energy has encountered gas flows at its Kato-2 coal seam gas (CSG) exploration well located in Queensland Surat Basin in Australia....
Beach Energy begins first oil production from North Shadwan concession
Australia's Beach Energy has confirmed first oil production from the NS377 oilfield in its North Shadwan concession in the Gulf of Suez,...
Petsec spuds initial well at Canadian shale oil project
Petsec Energy has spudded the initial commitment well at a shale oil project in Alberta, Canada to determine the site's...
Sundance Energy discovers oil and gas shows at Saskatchewan Lands
Sundance Energy Corporation has found oil and gas shows at two wells within its 100% owned southeast Saskatchewan Lands in Canada and confirmed hydrocarbons have migrated further north...
Thailand exploration company discovers oil and gas at Algerian prospect
Thailand's PTT Exploration and Production Public Company (PTTEP), in association with association with Algerian National Oil and Gas Company Sonatrach and China National Offshore Corporation,...
Titan Energy to acquire ownership stake in Illinois oil project
Australian oil and gas company Titan Energy has inked an agreement to earn up to an 81% interest in a ready-to-drill hydrocarbon producing prospect in Illinois, the US. ...
Heritage Oil begins drilling at Iraqi Kurdistan well
Heritage Oil has begun drilling at the Miran East-1 exploration well in the Kurdistan Region of...
ExxonMobil, Oil Search acquire New Guinea petroleum licence
Esso PNG Exploration, a subsidiary of ExxonMobil Corporation, and Oil Search (OSH) has inked a deal with New Guinea Energy (NGE) to acquire interest in petroleum prospecting licence 277 in...
TAG allocates funds to expand drilling operations in New Zealand
Canada-based TAG Oil has unveiled a $66m capital expenditure programme at its Cheal and Sidewinder fields in the Taranaki Basin, New Zealand....
Strata-Xwins permit to explore Canning Basin assets in Western Australia
US-based Strata-X has secured the provincial government’s approval to explore 1.4 million acres of the onshore Canning Basin in Western...
Forent Energy completes Canadian well drilling programme
Forent Energy has completed the drilling and logging of its exploration well Alton #1 near the town of Stewiacke in Nova Scotia,...
Enbridge and Anadarko get 15-year commitments from shippers
Enterprise Products Partners (EPP) and its joint venture partners Enbridge Energy Partners, and Anadarko Petroleum Corporation have announced that shippers have entered into long-term contracts...
Heritage Oil drilling programme behind schedule in Iraq
Heritage Oil has revealed that the drilling programme of the Miran West-3 well in the Kurdistan region of Iraq is taking longer than expected and is behind...
TAG Oil encounters oil and gas at NZ Taranaki Basin well
Canada-based production and exploration company TAG Oil has flow tested the Cheal-B7 discovery well located in the Taranaki Basin of New...
Kuwait Energy strikes oil in Egypt’s Western Desert
Kuwait Energy and its partner, the Egyptian General Petroleum Corporation (EGPC), have made a new oil discovery in the Abu Sennan concession in the Western Desert, Egypt.
...
TransCanada launches open season for Keystone oil terminal
TransCanada Corporation has launched an open season to gain bidding commitments from interested firms for the proposed Keystone Hardisty Terminal to be located in Alberta, Canada....
Capitol Energy Ventures, UGI Energy partner for new $1bn natural gas pipeline
WGL Holdings subsidiary, Capitol Energy Ventures Corporation has partnered with UGI Energy Services and Inergy Midstream to jointly build and market a 200-mile interstate pipeline in the US...
ADX Energy to test Sidi Dhaher oil discovery in Tunisia
ADX Energy is set to test its Sidi Dhaher-1 well in the Chorbane Exploration Permit onshore central Tunisia....
Indian consortium to bid for Cove Energy
A consortium consisting of India based Oil and Natural Gas Corporation (ONGC) and GAIL are preparing to place a bid for UK-based Cove...
Jubilant Energy spuds sixth well at Kharsang oil field in India
Jubilant Energy has completed the spudding of KPL-E, the sixth of seven development wells of the Phase-III drilling programme in the Kharsang Field, Arunachal Pradesh,...
February 2012
Top
Enbridge launches open season for Bakken, Sanish pipelines
Enbridge Energy Partners (EEP) and Enbridge Income Fund have launched a second open season for the Bakken expansion programme in conjunction with an open season for its Sanish Pipeline in...
Aminex, Solo Oil discover gas pay at Tanzania Ruvuma well
Joint venture partners Aminex and Solo Oil have made a gas discovery at the Ntorya-1 exploration well in the Ruvuma Basin, onshore...
Gazprom picks Petrofac for first phase of Badra project in Iraq
Gazprom Neft has awarded a $329m engineering, procurement and construction (EPC) contract to Petrofac for the first phase of the Badra oilfield development project in the Wasit province of...
TransCanada to reapply for Keystone XL pipeline permit
TransCanada Corporation has submitted its plans to the US Department of State to file a presidential permit application for the Keystone XL project on the US/Canada...
Salamander reports successful appraisal in Thailand
UK-based oil and gas exploration company Salamander Energy has reported the successful appraisal of Block L27/43 at the Dong Mun discovery in Northeast...
TransCanada to extend Tamazunchale pipeline in Mexico
TransCanada Corporation said it will invest $500m to extend the Tamazunchale Pipeline in...
Petronas extends gas supply deal with Gas Malaysia for $26.4bn
Malaysian national petroleum corporation Petroliam National (Petronas) has entered into a deal worth over $26.4bn to supply 492 million standard cubic feet per day (MMScfd) of natural gas to...
Talisman Energy, Mitsubishi form natural gas JV in Papua New Guinea
Talisman Energy and Mitsubishi Corporation have entered into a joint venture deal to aggregate natural gas in Papua New...
The UK and Australia cooperate on LNG projects
The UK and Australia are collaborating to encourage more UK companies to do business in Australia's rapidly expanding liquid natural gas industry through the Northern Australia Gas High...
TEAK Midstream to develop 200-mile natural gas pipeline in the US
TEAK Midstream has unveiled plans to build a 200-mile natural gas gathering and residue delivery pipeline in south Texas, the...
NZRC to invest in NZ refinery upgrade
The New Zealand Refining Company (NZRC) has unveiled plans to invest NZ$425m ($357m) to expand and update its ageing petroleum processing unit at Marsden Point near Whangarei, New...
Shell extends gas contract with Wood Group PSN
Royal Dutch Shell has extended its contract with UK oil services company Wood Group PSN to deliver midstream engineering and construction...
Mitsubishi and Encana Corp to invest in Canadian gas development project
Japan's Mitsubishi Corporation has signed a deal with Encana Corporation to invest approximately C$2.9bn ($2.92bn) in a natural gas development project in British Columbia,...
Oman to award new onshore blocks in 2012
Oman is set to award at least three new hydrocarbon blocks to international oil companies later this...
Magnum Hunter unit acquires Utica Shale assets in the US
Triad Hunter, a unit of Magnum Hunter Resources, has acquired leasehold mineral interests in the Utica Shale in Ohio, US, for...
Forest Oil acquires Permian Basin acreage in the US
US based Forest Oil Corporation has acquired 68,500 gross acres in the Permian Basin, prospective for the Wolfbone oil play in Pecos and Reeves Counties,...
Energy Transfer to expand Eagle Ford shale infrastructure
Energy Transfer Partners will spend $210m to further expand its Rich Eagle Ford Mainline (REM) pipeline, serving the Eagle Ford shale region, and will build another new cryogenic...
DCP Midstream to build new gas processing plant in the US
DCP Midstream, a joint venture between Spectra Energy and ConocoPhillips, will build a new natural gas processing plant and associated low-pressure gathering system in Texas,...
Magnolia Petroleum acquires Oklahoma acreage
Oil and gas explorer and producer Magnolia Petroleum has acquired 480 gross acres in the oil-producing Mississippi Lime formation in Oklahoma,...
Skolkovo Foundation approves UNIHEAT project in Russia
The Skolkovo Foundation in Russia has approved the establishment of a Center of Applied Research on Energy Efficient Heat Exchange and Catalysis (UNIHEAT) aimed at making oil refining in...
GeoPark acquires two Colombian exploration companies
Oil and natural gas company GeoPark Holdings has made its entry into Colombia by acquiring two exploration and production companies operating in the country for $30m in...
San Leon discovers potential unconventional gas play in Poland
Oil and gas explorer San Leon Energy has discovered a new potential unconventional gas play while drilling its Siciny-2 well in the SW Carboniferous basin of...
Enterprise to expand storage capacity at US crude oil terminal
Enterprise Products Partners, a provider of midstream energy services, will increase storage capacity at a crude oil terminal currently under construction in the US state of...
Circle Oil commissions new pipeline in Morocco
UK-based oil and gas explorer and producer Circle Oil has pressure tested, certified and commissioned a new pipeline and associated infrastructure for its Rharb Basin permits in...
Petromanas signs farm-out deal for Albanian blocks
Oil and gas company Petromanas Energy has entered into a definitive farm-out deal with a wholly-owned subsidiary of Royal Dutch Shell for two onshore exploration blocks in...
Energen to acquire Permian Basin properties in the US
Energen Resources, the oil and gas exploration and production subsidiary of Energen Corporation, has entered into an agreement to buy properties in the Permian Basin's Wolfberry play in the US...
BG Group reports 19% rise in 2011 operating profits
BG Group has reported a 19% rise in its full-year operating profits to $8.2bn in 2011 and said it is well set to deliver its global growth...
Copano Energy to extend Eagle Ford shale pipeline
US-based Copano Energy will spend around $120m on the extension of its wholly-owned 96-mile DK Pipeline in the Eagle Ford shale...
Transcorp and partners agree on revised terms of Nigerian licence farm-in
Transnational Corporation of Nigeria (Transcorp), upstream oil and gas company SacOil and Energy Equity Resources have agreed on revised terms for their partnership in the oil processing...
Total to sell stake in Colombian assets to Sinochem
French oil company Total has entered into an agreement with Chinese state-run Sinochem to sell interests in oil field and pipeline assets in...
Southcross expands capacity to serve Eagle Ford shale producers
Southcross Energy has commenced construction of a fractionator and natural gas liquids (NGLs) and residue pipeline outlets in South Texas to better serve producers operating in the Eagle Ford...
Indian Oil Corporation to invest $1.5bn to expand pipeline network
Indian Oil Corporation (IOC) has unveiled plans to invest $1.57bn by 2015 to expand its pipeline...
Senex Energy discovers new oil at Cooper Basin well
Senex Energy has announced the discovery of new oil on the western flank of the South Australian Cooper...
EnerJex begins well drilling programme in Kansas
US-based domestic onshore oil company EnerJex Resources has started drilling the first well on its recently-acquired acreage in its Mississippian Project located in Southeast...
Wentworth starts drilling at fifth well in Mnazi Bay, Tanzania
Independent oil and gas company Wentworth Resources has started drilling at the onshore Ziwani-1 exploration well in the Mnazi Bay concession area, Ruvuma Basin,...
Petroceltic divests stake in Algerian production sharing contract
Upstream oil and gas explorer and producer Petroceltic International has completed a deal to sell an 18.375% stake in the Isarene production sharing contract (PSC) in Algeria to Enel...
Shell targets aggressive long-term growth
Royal Dutch Shell has set out a strategic plan to deliver sustainable growth in the coming years with higher exploration investments and start-up of new...
Rosneft to acquire 35.3% stake in Taas-Yuryakh Neftegazodobycha
Russian state-controlled oil company Rosneft has entered into a tentative agreement with Sberbank to acquire a 35.3% interest in Taas-Yuryakh Neftegazodobycha for...
ERG sells 20% stake in Italian refinery to Lukoil
Italy-based refiner ERG has announced it will sell a 20% stake in the ISAB refinery in Sicily to Russian oil company Lukoil in a deal worth...
New World Oil and Gas to increase stake in Belize project
New World Oil and Gas has entered into an agreement with Blue Creek Exploration to amend the terms of a farm-out deal to increase its working interest in the Blue Creek project in northwest...
MarkWest Energy to expand natural gas and liquids processing
MarkWest Energy Partners has unveiled plans for the expansion of its capacity to process natural gas and liquids produced in the Utica and Marcellus shale plays in the...
Cheniere Energy signs 20-year LNG sale deal with KOGAS
Cheniere Energy Partners has signed a deal with Korea Gas (KOGAS) for the sale of 3.5 million tonnes of liquefied natural gas (LNG) from the Sabine Pass terminal in Louisiana, US, a unit of...
January 2012
Top
Plains Gas Solutions to build gas processing plant in North Dakota
Plains Gas Solutions (PGS), a unit of Plains All American Pipeline, plans to build a cryogenic gas processing plant at its multi-product Ross Complex near Ross in the US state of North...
Tethys Petroleum opens oil terminal in Kazakhstan
Tethys Petroleum has officially opened its Aral Oil Terminal, a new oil storage and rail loading terminal in Kazakhstan for oil shipments from the company's Doris oil field into the Kazakh...
BG Group increases LNG volumes in the US
UK-based energy company BG Group has entered into an agreement to buy an additional two million tonnes of liquefied natural gas (LNG) per year, over a 20-year period from the Sabine Pass...
Motherwell Bridge and PROjEN form tank servicing alliance
UK-based tank storage provider Motherwell Bridge has teamed up with project management company PROjEN to offer a complete suite of tank storage services from concept to...
Range Resources and Leni to jointly develop onshore fields in Trinidad
Range Resources and Leni Gas & Oil have entered into a partnership to jointly develop the Goudron and Beach Marcelle oil fields in the Eastern Fields Area of southern...
UOP to provide process technology for refinery project in Pakistan
UOP, a wholly owned subsidiary of Honeywell International, has been selected by National Refinery Limited (NRL) to provide process technology for a refinery expansion in...
Sonangol Starfish starts drilling Reconcavo Basin
Sonangol Starfish Oil & Gas, a unit of Angola's state-owned oil company Sonangol, has started drilling operations on an exploration well in the Reconcavo Basin in...
ADB approves $400m for Uzbek petrochemical plant
The Asian Development Bank (ADB) has approved a $400m loan and political risk guarantee for the construction of a petrochemical plant in the Karakalpakstan region of...
Bulgaria bans shale fracking
The Bulgarian Government has banned exploratory drilling for shale gas using the hydraulic fracturing extraction technique because of concerns over environmental...
Vermilion Energy acquires French oil-producing assets
Canada-based Vermilion Energy has completed its acquisition of working interests in six French oil-producing fields from Total E&P...
PEDCO signs merger deal with Blast Energy Services
Oil and natural gas company Pacific Energy Development Corp (PEDCO) has entered an agreement to merge with a wholly owned subsidiary of US-based Blast Energy...
Petrobras deploys AGR drilling system in Brazil
Petrobras has completed the drilling of two wells in the Rio Grande do Norte region of Brazil using AGR's Enhanced Drilling...
Sinopec to increase interest in Australian LNG project
China Petrochemical Corporation (Sinopec) has entered an agreement to acquire an additional 10% interest in the Australia Pacific LNG project on Curtis Island, near Gladstone, in...
Europa to relinquish stake in Romanian concession
Europa Oil & Gas is to relinquish its 28.75% working interest in the EIII-1 Brodina concession in northern...
Strike Oil to embark on Cooper Basin drilling programme
Strike Oil is to go ahead with its Cooper Basin drilling programme in Australia to evaluate unconventional potential oil and gas in two of the area's...
Halliburton to build new sand terminal in the US
Oilfield services provider Halliburton is to build a major sand terminal for the oil and gas industry within the Great Western Industrial Park, in the US state of...
ADNOC to tender UAE onshore oilfield concessions
The United Arab Emirates' state-owned oil company Abu Dhabi National Oil Company is preparing to open a tender for onshore oilfield...
Obama rejects TransCanada plan to build Keystone XL pipeline
TransCanada's plan to build and operate the Keystone XL pipeline has been rejected by US President Barrack Obama's administration, one month before a decision on the project was...
Foster Wheeler wins Philippines refinery upgrade contract
Switzerland-based Foster Wheeler has secured an engineering and procurement contract from Petron Corporation for a refinery upgrade project in the...
Essar Oil commissions hydrogen manufacturing unit at Indian refinery
Essar Oil, a unit of Essar Energy, has commissioned a hydrogen manufacturing unit at its Vadinar refinery in the Indian state of...
Longford Energy to divest stake in Kurdistan block
Oil and gas explorer and producer Longford Energy has entered an agreement to sell its 40% stake in the Chia Surkh exploration block in the Kurdistan region of Iraq to Genel Energy for...
Sinopec, Saudi Aramco to build oil refinery
China-based Sinopec Group and Saudi Arabian state-owned oil company Saudi Aramco have entered into an agreement to build an oil refinery on the west coast of Saudi...
Pembina Pipeline to acquire Provident Energy
Pembina Pipeline Corporation has agreed to acquire Canada-based Provident Energy, which owns an NGL infrastructure and logistics...
Japan to reduce oil dependency on Iran
The Japanese Government is to gradually cut its dependency on oil imports from Iran....
Denbury Resources to sell non-core assets for $155m
Oil and natural gas firm Denbury Resources has entered a definitive agreement to sell non-core assets in the US to Petro Harvester Oil and Gas for $155m....
Hoover Energy Partners acquires US midstream assets
Hoover Energy Partners has bought midstream assets from Eagle Oil & Gas in Reeves County in the US state of Texas....
Ivanhoe unit to sell stake in Chinese natural gas block
Sunwing Zitong Energy, a subsidiary of Ivanhoe Energy, has signed a binding memorandum of understanding to sell its stake in the Zitong natural gas block in China to a unit of Royal Dutch...
Marathon Oil plans accelerated drilling programme for Eagle Ford field
Marathon Oil Corporation is to start an accelerated drilling programme for the Sugarloaf project, an Eagle Ford shale liquids-rich producing field in Texas,...
ONEOK completes North Dakota natural gas processing facility
ONEOK Partners has begun operations at its new Garden Creek natural gas processing facility in the US state of North...
Essar Energy commissions Indian refinery amine regeneration unit
Essar Oil, a subsidiary of Essar Energy, has commissioned an amine regeneration unit at its Vadinar refinery in the Indian state of...
Circle Oil completes construction of new pipeline in Morocco
Oil and natural gas explorer and producer Circle Oil has completed the construction of a new gas pipeline and associated infrastructure in...
Energy Solutions sells gas gathering and processing assets for $200m
Energy Solutions Holdings, a portfolio company of Prospect Capital Corporation, has sold its gas gathering and processing assets for...
Honeywell unit to provide technology for US petrochemical plant
UOP, a subsidiary of Honeywell International, has been selected by The Dow Chemical Company to provide technology to convert shale gas-derived propane into propylene at a petrochemical facility...
Saudi Aramco, Sinopec to sign deal to build refinery in Saudi Arabia
Saudi Arabian state-owned oil company Saudi Aramco is to sign an agreement with China-based Sinopec Group to build an oil refinery in Yanbu, Saudi...
KBR to provide construction services for ExxonMobil facility
KBR has secured a contract from Technip USA to provide construction services for a new synthetics lubricant base stock facility in the US state of...
Changfeng gets green light for Chinese natural gas utilisation project
Changfeng Energy has obtained approval from the Xiangtan Municipal Development and Reform Commission of China for a proposed gas utilisation project in the Hunan province of...
Aurelian secures two new Polish licences
Aurelian Oil & Gas, a UK-based exploration and production company, has been awarded two new licences by Poland's Ministry of...
HollyFrontier to expand capacity at Woods Cross refinery
Petroleum refiner and marketer HollyFrontier Corporation is to spend approximately $225m on expanding the capacity of its Woods Cross refinery in the US state of...
Enterprise Products Partners to build ethane pipeline in the US
Enterprise Products Partners is to move ahead with the construction of the planned 1,230-mile Appalachia to Texas pipeline (ATEX Express) in the...
Total E&P USA completes $2.32bn Utica shale joint venture deal
Total E&P USA, a unit of French oil company Total, has completed a $2.32bn deal to enter into a joint venture with Chesapeake Exploration and affiliates of EnerVest in the Utica shale,...
Petroplus to shut down three European refineries
Oil refiner Petroplus Holdings will suspend operations at three of its refineries over the coming weeks due to limited credit availability and the economic climate in...
December 2011
Top
STWA inks LOI to commercialise oil pipeline technology in China
STWA has signed a letter of intent with the Beijing Heng He Xing Ye Technology Development (Beijing TDC) to license STWA's Applied Oil Technology (AOT) for the Chinese...
Crimson Exploration begins production at Eagle Ford shale wells
Crimson Exploration has begun production from two wells located in Texas, US, following completion of drilling...
New World Oil is operator of Danica project
New World Oil and Gas has been named as the operator of licences 1/09 and 2/09 located in the productive Jutland onshore area in South Western...
Gulf Keystone spuds Shaikan-6 appraisal well
Gulf Keystone has spudded the Shaikan-6 appraisal well in the Kurdistan Region of...
APICORP awards loan to build oil terminal in the UAE
The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, has signed an agreement to provide a $61m loan to fund the construction of the Socar Aurora Fujairah...
Europa Oil & Gas suspends production at UK prospect
Europa Oil & Gas has temporarily suspended production at the West Firsby 7 well in Lincolnshire,...
Exoma Energy confirms shale oil play at Australian block
Exoma Energy has received independent laboratory analyses for the Bessies-1 well, located in central Queensland,...
Blugrass Energy signs letters of intent to buy US assets
Blugrass Energy has signed letters of intent with multiple parties to buy oil and gas-producing properties in the Mississippian play in Oklahoma,...
Tethys discovers oil on Omani block
Tethys Oil has discovered another oil-bearing fault block after drilling the Farha South-17 (FS-17) well, onshore block 3 in the Sultanate of...
Western Gas Partners to acquire Anadarko US midstream assets
Western Gas Partners has entered an agreement to purchase midstream energy assets from Anadarko Petroleum for...
Kinder Morgan to build new US condensate processing facility
Kinder Morgan Energy Partners has approximately $130m to build, own and operate a new petroleum condensate processing facility in Houston, Texas,...
Kazakhstan to acquire 10% stake in Karachaganak project
The Republic of Kazakhstan has entered an agreement to acquire a 10% stake in the Karachaganak gas-condensate field in north-west...
Shaw to conduct feasibility study for Iraqi refinery
The Shaw Group has received a contract from the South Refineries Company to conduct a feasibility study for the rehabilitation of a refinery in...
Magnum Hunter, Stone Energy sign joint exploration deal
Magnum Hunter Resources has entered into a joint development and joint operating deal with Stone Energy, covering an existing mineral leasehold position owned by both companies in the US state...
Crestwood to build natural gas gathering system in the US
Crestwood Midstream Partners has signed a memorandum of understanding with Mountaineer Keystone to build a natural gas gathering system in West Virginia in the...
MarkWest to buy EMG stake in midstream joint venture
MarkWest Energy Partners has signed a letter of intent (LOI) to acquire Energy & Minerals Group's (EMG's) 49% stake in MarkWest Liberty Midstream & Resources, a joint venture engaged in the...
Cheniere unit signs LNG supply deal with GAIL (India)
Sabine Pass Liquefaction, a unit of US-based Cheniere Energy Partners, has signed an agreemant with GAIL (India) to supply liquefied natural gas for 20...
Direct Energy to acquire natural gas assets in Canada
Direct Energy, a subsidiary of UK-based energy company Centrica, has signed a deal with the Encana Corporation to buy natural gas assets in the Carrot Creek region of west central Alberta,...
Vedanta acquires majority stake in Cairn India
Mining company Vedanta Resources has completed the acquisition of a majority stake in Indian oil and gas explorer Cairn India for...
Fortress Energy to acquire Alvorada Petroleo
Canada-based Fortress Energy has signed a letter of intent to buy Brazilian oil and gas company Alvorada Petroleo for...
Encana to sell Canadian natural gas processing plants
Encana Corporation will sell two natural gas processing plants in Canada to energy infrastructure company Veresen for C$920m...
Enbridge to expand North Dakota crude oil system
Enbridge Energy Partners will spend $145m on expanding the capacity of its Berthold crude oil system in North Dakota,...
Roxi Petroleum to begin pilot production at Kazakh field
Oil and gas company Roxi Petroleum has obtained final regulatory approval to start pilot production at its South Yelemes field in...
Comstock Resources to acquire Eagle acreage in Texas
Comstock Resources has signed a deal to buy acreage in Texas, US, from Eagle Oil & Gas and other parties for...
Centrica, Qatar Petroleum to pursue energy investments
UK-based energy company Centrica has signed a memorandum of understanding with a unit of Qatar Petroleum to pursue joint investments in oil and gas...
FMC Technologies, Anadarko sign global alliance deal
FMC Technologies has entered a global alliance agreement with Anadarko Petroleum to provide subsea systems and...
Shell sells stake in Nigerian oil mining leases
Royal Dutch Shell has sold its 30% interest in two oil mining leases and related facilities in the Niger Delta for...
BP to sell Canadian natural gas liquids business for $1.67bn
BP has agreed to sell its Canadian natural gas liquids business to a unit of US-based Plains All American Pipeline for...
IREN secures EIB loan for Italian regasification plant
IREN has obtained a €240m loan from the European Investment Bank for the completion of a regasification plant in Livorno,...
ExxonMobil introduces online industrial lubricant selector
ExxonMobil Lubricants & Specialties has launched a new online industrial lubricant...
Kinder Morgan to expand storage capacity at Canadian terminal
Kinder Morgan Energy Partners will build seven storage tanks for crude oil and condensate at its Edmonton terminal in Strathcona County in the Canadian province of...
TAG Oil receives drilling approval for New Zealand oil and gas field
TAG Oil has received approval to drill 18 new wells in its Cheal oil and gas field in Taranaki, New...
Nexen, Inpex to develop British Columbia assets
Nexen is to enter a strategic partnership with a consortium led by Japanese firm Inpex to develop shale gas assets in Horn River and the Cordova and Liard basins in north-east British...
November 2011
Top
Drillsearch signs gas sale agreement with SACB
Drillsearch Energy has signed a gas sale agreement with the South Australian Cooper Basin (SACB) Joint Venture for the commercialisation of the Middleton and Brownlow gas discoveries in...
CNOOC completes acquisition of OPTI Canada for $2.1bn
CNOOC subsidiary CNOOC Luxembourg has finalised the acquisition of Canadian firm OPTI Canada for a total value of...
Mitsubishi, Shell, SGC, form Iraq natural gas joint venture
Mitsubishi, Shell and South Gas (SGC) have signed a joint venture agreement with Iraq's Ministry of Oil to capture associated gas in the southern region of the...
Ascent Resources encounters high gas flows at Slovenian well
Ascent Resources has encountered high gas flows from the fracture stimulation completed on the Pg-10 well, which is located at the Petišovci project,...
Max Petroleum discovers oil at Kazakh well
Max Petroleum has discovered oil at well ZMA-A19 in the Zhana Makat field,...
PetroMagdalena acquires additional stake in Colombian block
PetroMagdalena Energy has executed a conditional assignment agreement with Pacific Stratus Energy Colombia to acquire an additional stake in the Arrendajo block in the Llanos Basin,...
Foster Wheeler wins US gas storage facility contract
Peregrine Midstream Partners subsidiary Ryckman Creek Resources has awarded a project management contract to Foster Wheeler for the Ryckman Creek natural gas capacity storage project in Wyoming,...
Lucas Energy completes acquisition of Texas oil and gas leases
Lucas Energy has completed the acquisition of Nordic Oil USA's interest in oil and gas leases in the Wilson, Gonzales and Karnes counties of Texas, US, for...
Mogul Energy completes Stafford well drilling
Mogul Energy International has completed the drilling and testing of Stafford Well #2, which is located in the La Ward NE field area of Jackson County, Texas,...
Porto Energy to evaluate Portugal’s tight oil potential
Porto Energy has signed a memorandum of understanding (MoU) with the Netherland's Sorgenia International and Austria's Rohöl-Aufsuchungs Aktiengesellschaft to evaluate Portugal's tight oil...
SAIC wins contract for US refineries
Science Applications International Corporation (SAIC) has received a $38m contract from Holly Refining & Marketing -...
ACOR to acquire onshore assets in Australia
Australian-Canadian Oil Royalties (ACOR) has signed agreements with two private Australian companies and a private Canadian company to acquire onshore assets in the Surat Basin in...
Solimar Energy confirms oil reserves at California project
Solimar Energy has confirmed large oil reserves through an independent evaluation of its Kreyenhagen project in the San Joaquin Basin in California,...
Guinea to build $2bn oil refinery
The Guinea Government has approved a plan for the construction of a $2bn oil...
Alamo, Northdown to develop UK onshore licences
Alamo Energy has entered an agreement with Northdown Energy for the development of its UK onshore...
Enbridge to acquire SCPS for $1.15bn
Enbridge has entered an agreement with ConocoPhillips to acquire a 50% interest in the Seaway Crude pipeline system (SCPS) for...
BHP to invest $4.5bn on US shale gas operations
BHP Billiton is to spend $4.5bn next year on developing shale gas in the...
Atlas Pipeline to build cryogenic processing plant at Texas facilities
Atlas Pipeline Partners is to build a new 200 million cubic feet per day (mmcfd) cryogenic processing plant at its West Texas facility for...
USI to acquire Bossier-Haynesville Shale natural gas gathering system
US Infrastructure Holdings (USI) is to purchase the Wildcat Sabine natural gas gathering system in the Bossier-Haynesville Shale, which is located along the Texas-Louisiana border,...
Legacy Reserves completes acquisition of Permian Basin assets
Legacy Reserves LP has bought Permian Basin properties located in the Lea, Eddy and Chaves counties of New Mexico for $18m in cash and 278,396 Legacy...
Kodiak to acquire additional acreages in Williston Basin
Kodiak Oil & Gas has entered definitive purchase and sale agreements with a private oil and gas firm and its financial partners to acquire additional acreages in Williston Basin in North...
Oil & Gas Development discovers hydrocarbons at Nashpa well
Pakistan-based Oil & Gas Development has discovered hydrocarbons at the Nashpa 02 appraisal well in the Karak District of...
San Leon begins drilling Polish well
San Leon Energy has started drilling the Siciny-2 well, which is located in the south-west Carboniferous Basin,...
HRT discovers oil and gas at Brazilian well
HRT Participações em Petróleo has discovered oil and gas in the 1-HRT-4-AM well, located in the SOL-T-194 block, Solimões Basin,...
Pembina to expand Canadian NGL capacity
Pembina Pipeline is to increase the throughput capacity on its Peace and Northern pipelines in Canada by 55,000 barrels per day, as part of its natural gas liquids...
Sound Oil acquires Italian oil and gas permits
Sound Oil has acquired Celtique Energie's 50% interest in three Italian oil and gas permits for...
Austin Exploration starts drilling at Eagle Ford Shale project
Austin Exploration has commenced drilling on the Krueger #1 well located on the Eagle Ford Shale project at the Birch Prospect in Burleson County,...
Holly Energy completes acquisition of HollyFrontier's assets
Holly Energy Partners has completed acquisition of HollyFrontier's assets for...
Gulf Keystone increases Shaikan oil reserves estimates
Gulf Keystone Petroleum has upgraded the oil-in-place volumes of the Shaikan discovery in the Kurdistan Region of...
Victory Energy commences drilling at Jones County prospect
Victory Energy has begun drilling the Rosenquist #1 well, which is located in the Jones County prospect in north-central Texas,...
BNK subsidiary acquires Spanish oil and gas concessions
BNK Petroleum subsidiary Trofagas Hidrocarburos has won the Sedano oil and gas concession in...
Petro-Hunter starts North Oklahoma Mississippi Lime production
US E&P firm Petro-Hunter has started oil and gas production from its second horizontal well, NOW-2H, at the North Oklahoma Mississippi Lime project in the...
CHK to divest Utica Shale assets for $3.4bn
Chesapeake Energy (CHK) has entered two transactions to divest a portion of its 6,070km² area in the Utica Shale play in eastern Ohio, US, for...
LINN to acquire Plains oil and gas assets
LINN Energy has signed a definitive purchase agreement to acquire the oil and gas assets of Plains Exploration & Production for...
3P to acquire stake in KUB-Gas
3P International Energy has entered a letter of intent with Gastek and its shareholder Parma to acquire Gastek's indirect 30% interest in...
Encana to divest North Texas natural gas assets
Encana Oil & Gas is to divest its North Texas natural gas-producing properties to partnerships managed by EnerVest for...
Enbridge to acquire additional stake in Canadian gas plant
Enbridge has made an agreement with Encana to acquire an additional 13.3% stake in the Cabin Gas plant development in British Columbia,...
Origin, Sasol to develop Botswana CSG licences
Origin Energy and Sasol have formed a joint venture to explore coal seam gas (CSG) in...
Legacy Reserves to acquire Permian Basin and Wyoming assets
Legacy Reserves has entered two agreements to acquire oil and natural gas properties in the Permian Basin and Wyoming, US, for a total value of...
Enterprise Products to expand Texan NGL infrastructure
Enterprise Products Partners is to expand its natural gas and natural gas liquids infrastructure in South Texas, US, to accommodate production growth from the Eagle Ford Shale...
Antares to receive debt facility Permian Basin assets
Antares Energy has executed a committed letter of offer for a debt facility of A$188.5m ($200m) from Macquarie Bank for the development of oil and gas assets in the Permian Basin, West Texas,...
Eagle Rock to build gas processing plant in Texas
Eagle Rock Energy is planning to invest $100m for a new 125 MMcf/d high efficiency cryogenic processing plant in Wheeler County, Texas,...
Kodiak completes acquisition of Williston Basin assets
Kodiak Oil & Gas has completed its acquisition of oil and gas producing properties and an undeveloped leasehold in Williston Basin, North Dakota,...
Pemex to start Salamanca refinery upgrade in 2012
Mexican oil firm Pemex is to start upgrading its Salamanca refinery in 2012 to cut Mexico's petrol...
October 2011
Top
Arsenal Energy to acquire oil assets in Alberta
Arsenal Energy has entered into an agreement to acquire certain oil-producing properties in eastern Alberta, Canada, for...
Kenya selects IBM software for refinery operations
Kenya Petroleum Refineries has selected IBM’s new solution to increase the productivity and efficiency of its refinery operations in East...
Americas Petrogas discovers oil in Argentina
Americas Petrogas has made three conventional oil discoveries on the Rinconada Norte block located in La Pampa Province in the Neuquén Basin of...
WGPC completes Texan gas processing facility expansion
Martin Midstream Partners joint venture Waskom Gas Processing (WGPC) has completed an expansion project at the Waskom gas processing and natural gas liquids fractionation facility in Texas, US....
Kinder Morgan to acquire SouthTex Treaters
Kinder Morgan Energy has signed a purchase and sale agreement to acquire SouthTex Treaters for...
PetroMagdalena discovers light oil at Colombian well
PetroMagdalena Energy has made a new light oilfield discovery at the Copa A Sur-1 exploration well located in the Cubiro block of the Llanos Basin,...
Blacksands Pacific, OGTF to develop US oil and gas leases
The Blacksands Pacific Group has entered a joint venture agreement with Oil and Gas Technology Fund for the development of oil and gas leases in California and Nevada,...
Key Petroleum to acquire Gulliver Productions
Key Petroleum has signed an agreement with Empire Oil & Gas to acquire 100% of Gulliver Productions, a subsidiary of Empire Oil &...
Golden Gate discovers oil and gas in Texas well
Golden Gate Petroleum has discovered significant oil and gas at the SRH-C # 6H well located in Reagan County, Texas,...
UGIES to expand Auburn gathering system in Pennsylvania
UGI subsidiary UGI Energy Services (UGIES) is to spend $150m on extending its Auburn gathering system in Pennsylvania,...
ETP to build gas gathering pipeline and processing plant
Energy Transfer partners (ETP) has entered an agreement with ExxonMobil subsidiary XTO Energy to provide natural gas gathering, processing and transportation services from the Woodford and...
Primary Petroleum to sell stake in Western Montana oil assets
Primary Petroleum has signed sale and joint venture agreement with a US-based industry partner to sell its 32.5% interest in a 1,177km² area in Western Montana, US, for...
SMOE wins contract for Australian LNG facility
SMOE, a subsidiary of Sembcorp Marine, has received a contract from Bechtel Overseas for the module assembly of Australia Pacific LNG's liquefied natural gas plant on Curtis Island,...
Spectra to provide natural gas services to Progress Energy
Spectra Energy and Progress Energy Resources have executed multi-year agreements to provide 370MMcf/d of natural gas gathering and processing...
Aurelian discovers gas at Polish gas field
UK-based Aurelian Oil & Gas has discovered gas at the Krzesinki-1 exploration well in block 207 on the Siekierki tight gas field in...
ETP to sell propane operations to AmeriGas for $2.9bn
Energy Transfer Partners (ETP) has entered an agreement to sell its propane operations, which include Heritage Operating and Titan Energy, to AmeriGas Partners for...
Statoil to acquire Brigham Exploration for $4.4bn
Statoil is to acquire all issued and outstanding shares of Brigham Exploration for $36.50 per share for a total value of...
Kinder Morgan to acquire El Paso for $38bn
Kinder Morgan (KMI) has entered a definitive agreement to acquire all of the outstanding shares of El Paso, including the assumption of debt outstanding at El Paso and El Paso Pipeline...
Repsol-YPF to invest $3bn in Peruvian operations
Spain-based oil firm Repsol-YPF is to invest up to $3bn in its Peru operations over the next five...
Encana to expand capacity of Canadian gas processing plant
Encana and Pembina Pipeline have entered an agreement to expand the processing and liquids extraction capacity of the Resthaven natural gas processing plant in west-central Alberta, Canada,...
Gulfmark Energy to co-develop Eagleford Shale assets
Gulfmark Energy Group has signed a non-binding $55m letter of intent with Notre-Dame Capital to assist with the development of the Eagleford Shale assets in Texas,...
PRE, GE to acquire US oil and gas assets
PRE Resources is to form a partnership with GE Energy Financial Services to acquire over 100 producing wells and undeveloped acreage across 29 fields in the US states of Wyoming and...
Ramboll awarded $11m contract for German gas terminal
Danish firm Ramboll Oil & Gas has received a pre-engineering update contract from Norway-based Gassco to upgrade the Norsea gas terminal in northern...
First Reserve, Energy Corporation form joint venture
First Reserve has entered an agreement with Energy Corporation of America to form a joint venture for gas gathering...
Summit Midstream to acquire Encana's Piceance Basin assets
Summit Midstream Partners has entered a purchase and sale agreement with Encana Oil & Gas to acquire natural gas midstream assets in the Piceance Basin, Colorado, US, for...
Jacobs Engineering awarded $1.4bn contracts for Alberta Oil Sands projects
Jacobs Engineering Group has won new contracts worth over $1.4bn from seven clients operating in the Alberta Oil Sands to support their steam-assisted gravity drainage and bitumen...
Sinopec to acquire Daylight Energy for $2.1bn
Sinopec International Petroleum Exploration and Production has entered an agreement to acquire all the shares of Daylight Energy for C$2.2bn...
Maurel & Prom discovers oil at Colombian licence
Maurel & Prom has discovered oil at its stratigraphic well Sab-Strat 1A, which was drilled on the Sabanero licence in...
Enbridge to acquire stake in Encana's Canadian gas plant
Encana has reached an agreement with Enbridge to sell its interest in the Cabin gas plant in the Horn River Basin, British Columbia, Canada, for C$220m...
AER Energy to form joint venture with Eric Johnson and Riverton Energy
AER Energy Resources has signed an agreement with Eric Johnson and Riverton Energy to form a joint venture to acquire oil and gas leases in South Central Louisiana,...
East West Petroleum acquires Moroccan block
East West Petroleum has signed a petroleum agreement with Office National des Hydrocarbures et des Mines (ONHM) to acquire the Doukkala exploration block,...
Flour wins FEED contract for Canadian refinery
Fluor has received a front-end engineering and design (FEED) services contract from North West Redwater Partnership for its new refinery project in Alberta,...
Baron Energy acquires stake in Texas oil assets
Baron Energy has bought a 20% interest in an oil-producing property located in Texas, US, for an undisclosed...
Eureka Hunter, Triad Hunter sign deal with Mark West Liberty
Eureka Hunter Pipeline and Triad Hunter have signed definitive services agreements with MarkWest Liberty Midstream & Resources for long-term midstream processing and related services in the...
Panhandle to acquire gas assets in Fayetteville Shale
Panhandle Oil and Gas has agreed to buy interests in 193 non-operated natural gas wells and a 6km² area in Arkansas, US, for $17.5m from a private...
American Energy Development begins drilling at Dansville prospect
American Energy Development (AED) has started drilling at the Brown #2-12 well in the Dansville prospect in Michigan, US, targeting Niagaran oil...
Heritage Oil buys 51% stake in Sahara Oil Services
UK-based oil and gas exploration and production company Heritage Oil has acquired a 51% interest in Libya-based Sahara Oil Services for...
Enbridge, EEP to expand crude oil pipelines
Enbridge and Enbridge Energy Partners (EEP) are to spend $120m expanding two pipelines in order to provide increased access to refineries in the US and...
New Standard Energy, ConocoPhillips to develop Australian project
New Standard Energy has signed a binding farm-out agreement with ConocoPhillips to explore and evaluate the shale gas potential of the Goldwyer project in Canning Basin, Western...
Carrizo, Avista to develop Utica Shale acreage
Carrizo Oil & Gas and Avista Capital Partners have entered a joint venture agreement to acquire and develop acreage in the Utica Shale unit of the Appalachian...
EnerJex to acquire additional acreage in Mississippian oil play
EnerJex Resources has been granted an option to acquire a 90% working interest in 1,920 oil-producing acres adjacent to its Black Oaks project in Mississippi,...
Enterprise Products, Enbridge to build US crude oil pipeline
Enterprise Products Partners will work in collaboration with Enbridge to design, construct and operate a new pipeline to transport crude oil from Cushing, Oklahoma, to the Texas Gulf Coast...
September 2011
Top
Kodiak Oil to acquire Williston Basin assets
Kodiak Oil & Gas has entered a definitive purchase and sale agreement with a private oil and gas firm to acquire additional producing properties and an undeveloped leasehold in the Williston...
Flint Energy awarded $430m contract for SAGD oil sands project
Flint Energy Services has won a construction contract for a steam-assisted gravity drainage (SAGD) oil sands project in the Wood Buffalo region in Alberta,...
ConocoPhillips to sell Trainer refinery
ConocoPhillips is to sell its refinery in Trainer, Pennsylvania, US, along with associated pipelines and...
SandRidge to sell East Texas gas assets to NFR
SandRidge Energy has signed a purchase and sales agreement with NFR Energy to sell its East Texas natural gas properties in Gregg, Harrison, Rusk and Panola counties for $231m.....
PDCM to acquire Seneca-Upshur assets
PDC Mountaineer (PDCM) has executed a definitive agreement to acquire the interests of Seneca-Upshur for $152.5m....
Consol Energy to sell Marcellus Shale assets to Antero Resources
Consol Energy will sell part of its overriding royalty interests (ORI) in Marcellus Shale assets, to Antero Resources Appalachian for...
Fluxys G to acquire Eni gas pipeline assets
Fluxys G has signed a purchase agreement to acquire a stake in Eni's gas pipeline assets in Switzerland and Germany for more than...
PAA begins US terminal expansion
Plains All American Pipeline (PAA) has started its phase IV expansion of the St James terminal facility in Louisiana,...
Caudrilla Resources discovers huge shale gas reserves in the UK
Cuadrilla Resources has discovered huge shale gas reserves in Lancashire, north-west...
L&T wins $140m contract for Oman gas field development project
Indian firm L&T Hydrocarbon has been awarded a Rs.7bn ($140m) contract from Petroleum Development Oman to set up a greenfield project to treat three million cubic metres of gas per...
Equitrans gets FERC go-ahead to build US gas pipeline system
EQT Corporation subsidiary Equitrans has received approval from the Federal Energy Regulatory Commission for the construction of a new natural gas pipeline in Pennsylvania and West, US, as part...
Saipem wins EPC contract for Canadian oil sands project
Saipem has won a new engineering, procurement and construction contract from Canadian Natural Resources for its Horizon oil sands project in...
American Energy to purchase Reservoir Resources
American Energy Development has entered into an agreement to acquire Ireland-based Reservoir Resources, a company focused on the exploration of oil and gas basins in the...
Sundance Energy completes drilling at Canadian property
Sundance Energy has completed drilling of the first in its S.E. Saskatchewan drilling...
IGas Energy to acquire Star Energy Group
IGas Energy has signed a sale and purchase agreement to acquire Star Energy Group from Petronas International for...
Sasol signs agreement for Uzbekistan GTL project
Sasol and its partners Uzbekneftegaz and Petronas have signed an investment agreement with the Government of Uzbekistan for the development and implementation of a gas-to-liquids (GTL) project...
Aker Solutions to relocate pipeline operations to Norway
Aker Solutions is moving its process and pipeline business operations from Aberdeen, Scotland, to a new 10,000ft² location in Stavanger, Norway. The company will provide its...
Chevron to supply LNG to Japanese firm
Chevron's Australian subsidiaries have signed a sales and purchase agreement with Japan-based Kyushu Electric Power for the delivery of liquefied natural gas (LNG) from the Wheatstone project...
CDJV wins contract for Australian GLNG project
Fluor has awarded Clough Downer Joint Venture a $600m contract for the construction of pipelines, compression facilities and associated infrastructure relating to the Fairview component of...
TAP submits INGS application to Greek Authority
The Trans Adriatic Pipeline (TAP) has submitted its application for the construction of an independent natural gas system (INGS) to the Greek Regulatory Authority for Energy. The Greek...
KMP to build new pipeline in the US
Kinder Morgan Energy Partners (KMP) is to build and operate a new 136 mile, 16 inch pipeline for the transportation of petroleum products in the US. KMP will partner Valero Energy in a...
UOP, Foster win contract to expand Oman refinery
Oman Refineries and Petrochemicals has awarded a contract to Foster Wheeler and Honeywell's UOP for the expansion of the Sohar refinery in Oman. Under the contract, UOP and Foster Wheeler...
Enbridge to invest $1.2bn in new line for Athabasca pipeline
Enbridge is to add a new line to the southern section of its Athabasca pipeline from Kirby Lake to the Hardisty crude oil hub in Alberta, Canada, at an estimated cost of $1.2bn. The new...
Sasol to build GTL facility in Louisiana
South African firm Sasol is to build a gas-to-liquids (GTL) facility in the south-western region of Louisiana, US, to produce GTL transportation fuel and other products. Sasol will carry out...
Americas Petrogas discovers oil in Argentinean block
Americas Petrogas and its co-venturer Gran Tierra Energy have made a significant new oil discovery at the RN x-1004 well on the Rinconada Norte block in Neuquen Basin, Argentina. The well...
EGPI, Paradigm to form joint venture for T-EOR technology
EGPI Firecreek and Paradigm Oil and Gas have signed a letter of intent to form a joint venture partnership to recover oil using Paradigm's transportable enhanced oil recovery (T-EOR)...
BIS to acquire 100% interest in Alpha
The Bilfinger Berger Industrial Services Group (BIS Group) will acquire a 100% interest in German firm Alpha Mess-Steuer-Regeltechnik from Funkwerk for an undisclosed amount. Alpha...
Kenyan pipeline explosion kills 75 people
At least 75 people were killed and more than 100 injured in a pipeline explosion in Kenya yesterday. The blast took place in Kenyan capital Nairobi, in an industrial area between Jomo...
HPCL to build $9.5bn refinery in India
Indian firm Hindustan Petroleum (HPCL) is to set up an 18 million tonnes per year refinery in Maharashtra, India, with expected costs of $9.5bn. The firm will construct the refinery in...
TAP submits authorisation application for gas pipeline in Italy
Trans Adriatic Pipeline (TAP) has submitted a single authorisation application to the Ministry of Economic Development in Italy. TAP submitted the application to obtain the final permits...
Encana to sell Colorado natural gas midstream assets
Encana Oil & Gas has agreed to sell a portion of its Piceance natural gas midstream assets in Colorado, US, to a private midstream firm for $590m. The Piceance basin midstream assets...
CONSOL, Hess to explore and develop Utica Shale in Ohio
CONSOL Energy has entered an agreement with Hess Corporation for the joint exploration and development of CONSOL Energy's 809km² Utica Shale play in Ohio, US. Hess will pay a...
Sunoco to exit refining business
Sunoco has unveiled plans to sell its oil refineries in Philadelphia and Marcus Hook in Pennsylvania, US. The firm is conducting a comprehensive strategic review and plans to focus on its...
Enterprise, Enbridge and Anadarko to build NGL pipeline in Texas
Enterprise Products Partners, Enbridge Energy Partners and Anadarko Petroleum have entered an agreement to design and construct a new natural gas liquids (NGL) pipeline in Texas, US. The...
DNO International to merge with RAK Petroleum
DNO International and RAK Petroleum have signed definitive documents to merge RAK Petroleum's oil and gas operating companies into DNO International in exchange for DNO International...
Circle Oil receives exploration extension for Oman oil and gas block
Circle Oil has obtained an extension of the exploration period from Oman's Ministry of Oil and Gas for onshore Block 49, Oman. Block 49 covers an area of 15,438km² and lies 700km...
Foster Wheeler wins design contract for Kazakhstan refinery
Foster Wheeler is to provide a basic engineering design for a new hydrogen production unit to be built at the KazMunayGas Atyrau refinery in Kazakhstan. Foster Wheeler received the contract...
Apache to develop TAG Oil's New Zealand oil and gas permits
TAG Oil has entered a farm-out agreement with Apache Corporation to explore and develop oil and natural gas resources in the East Coast Basin of New Zealand. Under the terms of the...
Murphy Oil to sell US refinery to Valero Energy
Murphy Oil Corporation has agreed to sell its oil refinery and related assets in Louisiana, US, to a subsidiary of Valero Energy Corporation. The deal has a total consideration of...
Williams Partners receives approval for gas pipeline expansion in US
Williams Partners has received approval from the Federal Energy Regulatory Commission to expand its 10,000 mile Transco natural gas pipeline in the US. The expansion is estimated to cost...
HPCL-Mittal Energy begins crude oil processing at Indian refinery
The HPCL-Mittal Energy joint venture has started processing crude oil at its Rs160bn ($3.4bn) Guru Gobind Singh refinery in Punjab, India. The joint venture received the first consignment...
Foster Wheeler wins contract for gas processing plants in Norway
Foster Wheeler, through a subsidiary of its Global Engineering and Construction Group, has received a contract from Aibel for the provision of detailed design engineering services for its...
Beach Energy secures drill rigs for Cooper Basin exploration
Beach Energy has contracted two drill rigs from Ensign Australia for its unconventional shale gas appraisal programme, which will begin in Cooper Basin, Australia. Beach Energy will use...
DCP to buy Atlas's Mid-Continent NGL
DCP Midstream subsidiary DCP NGL Services has signed agreements to purchase natural gas liquid (NGL) production from Atlas Pipeline Partners (APP)'s processing facilities in Oklahoma and Texas,...
August 2011
Top
Maersk Oil buys interest in HKN Energy
Maersk Oil has acquired a 20% stake in Hillwood International Energy's subsidiary HKN Energy. HKN Energy holds a 75% interest in and operatorship of the Sarsang licence area in...
San Miguel to upgrade Malaysian oil refinery
Philippines-based San Miguel is to invest $1bn in upgrading the Port Dickson refinery in Malaysia. The investment will be used to increase the refinery's production capacity from 50,000...
PetroMagdelana to sell stake in Colombian oil block
PetroMagdalena Energy has signed a letter of intent to farm out 30% of the Santa Cruz block in Colombia, in which it holds a 100% interest. Under the contract, the company will carry 60% of...
Transfield Services awarded Cooper, Eromanga contract from Santos
Transfield Services has received a A$100m ($106m) contract from Santos to provide construction and maintenance services at its operations in the Cooper and Eromanga basins in central Australia. ...
Ascent Resources completes drilling at Slovenian prospect
Ascent Resources has completed the drilling of the Pg-10 well at the Petisovci project in Slovenia. The company drilled the well to a total depth of 3,545m and confirmed the presence of 123m...
Foster Wheeler wins EPCM contract for South African refinery
Foster Wheeler has received an engineering, procurement and construction management services (EPCM) contract from Engen Petroleum for its refinery in South Africa. Under the contract,...
Exoma Energy starts drilling Australia's Katherine well
Exoma Energy has begun drilling the Katherine-1 well, which is located in the Eromanga Basin, Queensland, Australia. This is the fifth well to be drilled under the 2011 exploration...
Encore Energy makes oil and gas deals in the US
Encore Energy has completed the acquisition of producing oil and natural gas assets in the Permian Basin of West Texas, US, for $14.8m from a private seller. The assets have estimated total...
Petro Matad discovers hydrocarbons at Mongolian well
Petro Matad has encountered hydrocarbons at the Davsan Tolgoi-9 (DT-9) well, which is located on block XX in Mongolia. The well was drilled to a total depth of 1,766m and penetrated the top...
KBR Wins pre-FEED contract for Mozambique LNG plant
Anadarko has awarded a contract to KBR to perform a pre-front end engineering and design (pre-FEED) study for an LNG plant in Mozambique. KBR received the contract following recent natural...
Sunridge Energy expands Canadian oil acreage
Sunridge Energy has acquired a 2.5km² area at its oil prospect in North Central Alberta, Canada, increasing its land ownership to 5.8km². The firm will conduct an exploration...
Petrofac wins contract to develop Mexican oil blocks
Petrofac has received two integrated services contracts from Petroleos Mexicanos (PEMEX) to develop the Magallanes and Santuario blocks in Tabasco, central Mexico. Under a 25-year...
Noble Energy to invest $3.4bn in Marcellus Shale development
Noble Energy has signed definitive agreements with Consol Energy to create a joint venture for the development of Marcellus Shale properties in south-west Pennsylvania and north-west West...
American Petro-Hunter starts drilling second well in US project
American Petro-Hunter has started drilling operations for the second horizontal oil well at the North Oklahoma Mississippi project in the US. The NOW-2H well is a direct offset to the...
Sintana Energy to acquire stake in Colombian oil block
Sintana Energy, a subsidiary of Drift Lake Resources, has entered an agreement with Petrodorado Energy to farm-in for an undivided 30% interest in the Talora block, which is located in...
Origin Energy farms into Empire's Australian exploration permits
Empire Oil & Gas has executed a conditional farm-in letter agreement with Origin Energy Developments, which will aid in progressing assessment of the North Erregulla prospect. Under...
Plains Midstream Gets Approval to Restart Pipeline Operations
The Energy Resources Conservation Board (ERCB) has given conditional approval to Plains Midstream Canada to resume operations of the NPS 20 Rainbow Pipeline in Alberta, Canada. The...
Ivanhoe, Sunwing Begin Drilling Mongolian Well
Ivanhoe Energy and Sunwing Energy have started drilling the N16-1E-1A exploration well in Nyalga block XVI in Mongolia. The well, which is located on a 32km² structure, will be drilled to...
Invensys to Provide Refinery Solution to Saudi Aramco
Invensys Operations Management has signed a contract to implement a refinery information system for Saudi Aramco Total Refining & Petrochemical Company. Invensys will work in...
CB&I Joint Venture Secures Australian LNG Plant Contract
Engineering and construction firm CB&I , through its joint venture with Japan's Chiyoda and Italy's oil and gas company Saipem, has been awarded the preparation and supply of the...
Beach Energy Discovers Oil at Elliston Well
Beach Energy has made an oil discovery at the Elliston-1 well in Cooper Basin, Australia. The firm encountered an oil column with a 3m net pay in the Namur Sandstone section of the well,...
Next Generation Energy to Acquire Oil and Gas Assets in Kentucky
Next Generation Energy has agreed to acquire a 31km² area of natural gas and oil in the prolific Devonian Shale region of Southeast Kentucky, US. The assets include 39 tracks located...
TAG Oil Completes Tests on Tarankai Basin Wells
TAG Oil has completed testing of the new oil and gas discoveries at the Sidewinder-2 well and the Cheal-C1 well, located in the Taranaki Basin, New Zealand. At Sidewinder-2, TAG...
Loreto, Eagleford Energy to Develop Texas Oil Leases
Loreto Resources has signed a non-binding letter of intent with Eagleford Energy to jointly develop Loreto's formations in Zavala County, Texas, US. Under the terms of the agreement,...
UOP / Foster Wheeler Technology to be Used in Orpic Refinery Expansion
Oman Oil Refineries and Petroleum Industries (Orpic) has selected Honeywell's UOP / Foster Wheeler Solvent Deasphalting (SDA) process technology to convert heavy crude to...
Parnon Gathering to Build Crude Oil Pipeline in US
Parnon Gathering is to construct a pipeline to transport crude oil from central and western Oklahoma, US, and interconnect with Parnon's crude oil tanks at Cushing. The Great Salt...
Foster Wheeler Wins Colombian Oil Refinery Upgrade Contract
Ecopetrol has awarded a contract to Foster Wheeler for the second phase of the modernisation of the Barrancabermeja oil refinery in Santander, Colombia. The scope of work includes...
Tethys Opens Kazakhstani Oil Production Facilities
Tethys Petroleum has begun operations of its Doris oil production facilities in Kazakhstan. Oil from the location, which is being transported at a rate of 1,500 barrels per day, will...
Baker Hughes Wins Contract for Iraqi Oilfields
US-based Baker Hughes has received a contract from Lukoil to provide full drilling and completion services for its 23 wells in the West Qurna field in south-east Iraq. Under the...
Enbridge Energy to Build Texan Gas Processing Plant
Enbridge Energy Partners is to construct a cryogenic natural gas processing plant to support its Anadarko gas gathering system in Texas, US, with an investment of $230m. The plant will have...
SandRidge Energy to Form Joint Venture with Atinum Partners
SandRidge Energy has entered an agreement with an Atinum Partners affiliate to form a joint venture. Under the terms of agreement, SandRidge will transfer its 13.2% working interest...
Dominion to Build US Gas Processing Plant
US-based energy company Dominion is to start construction of a new natural gas processing and fractionation plant along the Ohio River in Natrium, West Virginia, US. Under the first phase...
Kulczyk Begins Drilling Ukraine Gas Field
Kulczyk Oil Ventures has started drilling the O-12 well, which is located on the Olgovskoye licence in the Ukraine. Kulczyk will drill the well to a depth of 2,650m to test...
Couch Oil Acquires Texan Oil Assets
Couch Oil and Gas has acquired undeveloped productive oil zones within existing oilfields located in West Texas, US. The firm will drill the nine new horizontal oil and gas wells using...
Petronas Acquires Stake in Canadian Gas Assets
Petronas has acquired a 50% working interest in Progress Energy's Altares, Lily and Kahta gas properties, known collectively as the North Montney joint venture, in Canada for C$1.07bn...
PetroFrontier Begins Drilling Georgina Basin
PetroFrontier has started drilling the Baldwin-2 well at block EP 103, which is located in the Southern Georgina Basin, Northern Territory, Australia. The firm will drill the Baldwin-2 well...
Brenham Acquires Permian Basin Oilfield
Brenham Oil & Gas, a subsidiary of American International Industries, has bought an oilfield with 20 wells located in the Permian Basin in Texas, US, for $20m. The field contains...
InterOil, Pacific LNG Sign Heads of Agreement for LNG Sale
InterOil Corporation and Pacific LNG Operations have signed an agreement with Noble Clean Fuels to supply LNG from the Gulf LNG project in Papua New Guinea. Under the terms of the agreement,...
Essar Energy Acquires Oil Refinery from Shell UK
Essar Energy has completed the acquisition of the Stanlow oil refinery and other associated assets from Shell UK for $350m. The Stanlow refinery is located near Ellesmere Port in the...
Beach Energy Discovers Oil at Bauer-1 well
Beach Energy has discovered new oil at Bauer-1 well in PEL 91, and at Rincon-1 well in PEL 92, located in the Cooper Basin, Australia. The Bauer-1 well has encountered a gross oil column of...
Archer to Acquire Great White Energy
Oilfield services company Archer has signed a definitive purchase and sale agreement to acquire all the operating companies of Great White Energy Services for $742m. The transaction, which...
Formosa Halts Crude Oil Export from Taipei Refinery
Formosa Petrochemical has stopped exports of oil products from its refineries at the Mailiao petrochemical complex in Taipei following a fire. The complex, which was shut down for...
ConocoPhillips to Acquire Lario Oil Assets
ConocoPhillips has entered an agreement with Lario Oil & Gas to acquire oil assets in the Niobrara exploration and development play in the US. The assets cover a 186km² area in...
Hess, Petroceltic Sign PSC for Iraqi Exploration Blocks
Hess Corporation and Petroceltic International have signed production sharing contracts (PSCs) with the Kurdistan Regional Government of Iraq for the Dinarta and Shakrok exploration blocks. ...
July 2011
Top
Gevo to Build Hydrocarbon Processing Plant in Texas
Biofuels firm Gevo will work in collaboration with Arabian American Development's subsidiary South Hampton Resources to build a hydrocarbon processing demonstration plant in Texas, US. The...
BreitBurn Energy to Acquire Wyoming Oil and Gas Assets
BreitBurn Energy Partners has signed a definitive agreement with an undisclosed seller to acquire natural gas and oil assets in Wyoming, US, for $285m in cash. The assets are located in...
Chevron to Supply LNG to TEPCO
Chevron's Australian subsidiaries have signed binding sales and purchase agreements with Tokyo Electric Power Company (TEPCO) to supply liquefied natural gas (LNG) from the Wheatstone natural...
Saipem Wins Onshore South America, West Africa Contracts
Saipem has secured onshore engineering and construction contracts worth $800m in South America and West Africa. The company will expand the Tout Lui Faut refinery located in Suriname,...
Drillsearch Energy Begins Drilling Fourth PEL91 Well
Drillsearch Energy has started drilling the Bauer-1 oil well, the fourth well under the five well programme in PEL 91 in Cooper Basin, Southern Australia. The Bauer-1 well is located 5km...
Calumet to Acquire US Refinery from Murphy Oil
Calumet Specialty Products Partners has signed a definitive agreement with Murphy Oil to acquire the Superior refinery in Wisconsin, US, and its associated operating assets and inventories...
RKC to Build $6.5bn Oil Refinery in Iraq
Refinery of Karbala (RKC) has signed an agreement with the Iraq Ministry of Oil for the construction of a $6.5bn refinery in Karbala, Iraq. The refinery will have a daily capacity of...
Qatargas to Supply LNG to Malaysia
Qatargas has signed a heads of agreement with Petronas subsidiary Petronas LNG to supply liquefied natural gas to Malaysia. According to the agreement, Qatargas will deliver one and half...
Petro-Hunter to Acquire Stake in South Oklahoma Project
American Petro-Hunter has executed a purchase and sale agreement to acquire a 40% working interest in a minimum 12.14km² of land in Oklahoma, US. American Petro-Hunter identified five...
Pembina Shuts Down Canadian Pipeline
Pembina Pipeline Corporation has shut down its Moosehorn gathering pipeline, which lies 3km north of its Swan Hills Terminal and Pump Station in Canada, due to an oil spill. According to...
Ensign to Acquire Rowan's Land Drilling Division
Ensign Energy Services has entered a definitive agreement to acquire the land drilling division of Rowan Companies for $510m. Currently, Rowan Land Drilling owns and operates 30 deeper...
CNOOC to Acquire OPTI Canada for $2.1bn
CNOOC Luxembourg is to acquire all the outstanding shares of OPTI Canada for $2.1bn. OPTI's primary assets consist of a 35% working interest in the Long Lake project and three projects in...
TNK-BP to Take Stake in Brazilian Oil and Gas Blocks
TNK-BP has signed a farm-out agreement with Petra Energia to acquire a 45% stake in 21 blocks of the Solimoes Basin in Brazil. Most of the oil and gas blocks, which cover a 194km²...
Endeavour to Acquire Marcellus Shale Assets in Pennsylvania
Endeavour International is to buy Marcellus Shale assets in north-central Pennsylvania, US, along with a pipeline and related facilities owned by SM Energy and its partners for $110m. ...
Santos to Acquire Eastern Star Gas
Santos is to buy all of the remaining issued and outstanding ordinary shares of Eastern Star Gas (ESG) that are not already held by Santos and TRUenergy Holdings. Santos will...
Tesoro to Supply Crude Oil to Washington Refinery
Tesoro Corporation is to supply crude oil from the Bakken Shale / Williston Basin area in North Dakota to its refinery in Washington, US. The project will consist of loading and...
Foster Wheeler, SOCAR to Form Joint Venture in Azerbaijan
Foster Wheeler has signed a memorandum of understanding with the State Oil Company of Azerbaijan Republic (SOCAR) to form a joint venture. The companies will prepare a joint action plan for...
BHP Billiton to Acquire Petrohawk Energy for $12.5bn
BHP Billiton has agreed to buy Petrohawk Energy for a total value of $12.5bn. Under the terms of the agreement, BHP will acquire all issued and outstanding shares of Petrohawk for $38.75...
Halliburton Wins Polish Shale Gas Exploration Contract
Halliburton has been awarded a contract from Chevron to provide integrated services for shale natural gas exploration in Poland. Under the three-year contract, Halliburton's contract...
Meritage to Build Rich Gas Pipeline in Texas
Meritage Midstream Services is to build a new rich gas gathering system in Webb County, Texas, US. The Cuervo Creek Pipeline will be built from Encinal to Laredo, and will include...
Bill Barrett to Acquire Denver-Julesburg Basin Oil Assets
Bill Barrett Corporation has signed a sale and purchase agreement with a Texas American Resources subsidiary to acquire oil assets in the Denver-Julesburg Basin in Colorado, US, for a total...
CB&I to Build $300m Gas Processing Plant
CB&I has won a $300m contract for a new natural gas processing plant in Florida, US. The scope of work will include the engineering, procurement and construction of a 200 million cubic...
William Partners Receives FERC Approval for Pipeline Expansion
Williams Partners has received Federal Energy Regulatory Commission (FERC) approval to expand its Transco natural gas pipeline, which extends from South Texas to New York, US. The...
GL Noble to Provide Verification Services for Australian LNG Project
GL Noble Denton has been selected by QGC to provide verification services for the development of the Queensland Curtis liquefied natural gas (LNG) project in Australia. The company will...
Westmont to Acquire Pennsylvanian Oil and Gas Assets
Westmont Resources has signed a memorandum of understanding to acquire oil and gas assets located in the south-west tier of Pennsylvania, US, for an undisclosed sum. The assets cover...
Enka to Build Production Facilities at Iraqi Oilfield
Turkey-based Enka has won a $60m contract from Iraq, Royal Dutch Shell and Petronas to install and operate two production facilities at the Majnoon oilfield, Iraq. The production facilities...
Petrom Makes Romanian Gas Discovery
Petrom has made a significant onshore gas discovery at exploration well 4539 Totea, which is located in the Oltenia region of south-west Romania. The firm drilled the well to a depth of...
Primoris Subsidiaries Awarded US Pipeline Contracts
Primoris Services subsidiaries Rockford Corporation and Alaska Continental Pipeline have received contracts worth $50m for the construction of pipelines in the US states of Pennsylvania,...
IGas Energy to Begin Drilling at Doe Green
IGas Energy has started construction of a third well at Doe Green (DG-3), near Warrington, UK, as part of the firm's accelerated programme to convert its resources into reserves and...
ERHC Signs PSC for Chad Oil Blocks
ERHC Energy has signed a production sharing contract on three oil blocks near the Doba Basin oilfield awarded by the Republic of Chad. ERHC owns a 100% interest in the BDS 2008 and Manga...
Saudi Aramco Awards FEED Contract to Foster Wheeler SOFCON
Saudi Arabian Oil (Saudi Aramco) has awarded a front-end engineering design (FEED) and project management services contract to Foster Wheeler SOFCON for a clean transportation fuels project at...
ETE to Acquire Southern Union for $8.9bn
Energy Transfer Equity (ETE) has entered an amended merger agreement to acquire Southern Union for $8.9bn, including $5.1bn in cash and ETE common units. ETE secured $3.3bn from Credit...
Western Gas to Buy Anadarko's Powder River Basin Assets
Western Gas Partners will acquire the Bison gas treating facility and all related assets in the Powder River Basin from Anadarko Petroleum Corporation for $130m. Western Gas will acquire a...
Foster Wheeler Wins FEED Contract for Venezuelan Oil Refinery
Petroleos de Venezuela (PDVSA) has awarded Foster Wheeler a process design and front-end engineering design (FEED) contract for the Batalla Santa Ines Refinery Phase I Hydroskimming section to...
Advantage Oil to Expand Glacier Gas Plant in Canada
The board of Advantage Oil and Gas has approved a capital and operating budget of $216m for a 12-month period ending June 2012. The firm allocated $200m for phase IV of the...
PetroChina Invests $1bn for Joint Ventures with INEOS
PetroChina International and INEOS Investments have completed a deal to form trading and refining joint ventures for its operations in Europe. PetroChina paid $1bn cash for its shares of...
SPC Approves $14.5bn Kuwait Refinery
Kuwait's Supreme Petroleum Council has given approval for the construction of the 615,000bpd Al-Zour refinery in Kuwait. The refinery will be developed in two phases, processing...
Eagle Ford Gathering Signs Service Agreements for Texas Project
Eagle Ford Gathering has executed two long-term agreements with Petrohawk Energy and Rosetta Resources to provide transportation, processing and fractionation services in the Eagle Ford Shale...
SM Energy Sells Non-Operated Eagle Ford Assets
SM Energy has entered an agreement to sell a 12.5% working interest in its non-operated Eagle Ford shale position to a Mitsui subsidiary for $680m. On completion of the transaction, SM...
Beach Energy Discovers Oil at Parsons Well
Beach Energy has discovered a 6m oil column at the Parsons-5 well, located in the Parsons field at PEL 92, Cooper Basin, Australia. The oil was encountered in Parsons-5 well's Namur...
Samsung Engineering Wins HDPE Plant Contract
South Korean firm Samsung Engineering has a received contract from ONGC Petro Additions, a subsidiary of India-based Oil & Natural Gas Corporation, for a high-density polyethylene plant...
Petrofac, CPECC Receive Iraqi Oilfield Contract
BP Iraq NV has awarded an inspection, maintenance and repair contract worth $90m to Petrofac and its joint venture partner China Petroleum Engineering & Construction (CPECC), for the...
June 2011
Top
Salamander, Persero Sign Gas Sale Agreement
Salamander Energy has signed a purchase agreement with Indonesia's Persero for the sale of gas from its Kerendan gas field Bangkanai PSC, onshore Kalimantan, Indonesia. Under the terms of...
Denbury to Acquire Working Interests in Riley Ridge Federal Unit
Denbury Resources is to acquire stakes in mineral leases in Wyoming, US, for a total value of $191m. The company will acquire the 57.5% working interest it does not own in the Riley...
ITT to Provide Oil and Gas Services to Saudi Aramco
ITT Corporation has signed a seven-year strategic partnership agreement with Saudi Arabian Oil (Saudi Aramco) to provide products and services for oil, gas and petrochemical...
NuStar, Velocity to Build Oil Pipeline for Eagle Ford Shale Transportation
NuStar Logistics and Velocity Midstream Partners are to develop a joint oil pipeline solution to transport Eagle Ford Shale condensate from Velocity's Gardendale Hub to NuStar's terminal...
Samson to Acquire US Oil and Gas Leases
Samson Oil & Gas will acquire up to 364 square kilometres of oil and gas leases in the Fort Peck Indian Reservation in Montana, US, from Fort Peck Energy for an undisclosed sum. Samson...
President Petroleum Acquires Stake in Argentina Licence
President Petroleum has entered a farm-in agreement to acquire a 50% working interest in the CNO-8 Puesto Guardian licence in Salta Province, Argentina. The acquisition will increase the...
Praxair to Supply Hydrogen to US Refinery
Industrial gases company Praxair has signed an agreement with Motiva Enterprises to supply hydrogen to Motiva's refinery in Louisiana, US. The company will extend its existing...
Inpex to Sell Ichthys LNG Output
Inpex Corp will sell the entire LNG output of its 8.4 million tonnes per year from the $20bn Ichthys project in Australia. The Ichthys project is a joint venture between Inpex, which owns a...
Next Generation Energy Buys Stake in Louisiana Natural Gas Well
Next Generation Energy has acquired a royalty interest in a natural gas well in Louisiana, US, for an undisclosed sum. The prolific natural gas well, known as the Hainesville Shale...
Alliance Pipeline Plans Natural Gas Pipeline in US
Natural gas transmission system Alliance Pipeline is to develop a pipeline and associated facilities in North Dakota, US. The pipeline, which is expected to transport liquids-rich natural...
Aden Refinery Commences Trial Production
Yemen's Aden refinery has begun its trial production after receiving 600,000 barrels of crude from Saudi Arabia. The 150,000bpd refinery was shut for nearly two months following a blast...
Petrominerales to Acquire Stake in Colombian Pipeline
Petrominerales has entered an agreement to acquire a 5% stake in the Oleoducto Central (Ocensa) crude oil pipeline from Total E&P for $281m. The 830km Ocensa pipeline begins onshore at...
TransCanada Completes Guadalajara Pipeline
TransCanada has completed the construction of the $360m Guadalajara Pipeline in Mexico. The 192 mile, 30in-diameter pipeline connects to an LNG regasification facility located near...
Qatargas, Gasal Sign Gas Supply Deal
Qatargas and Gasal have signed an agreement for the supply of gaseous nitrogen through Gasal's pipeline in Ras Laffan Industrial City, Qatar. The gas will be pass through a 5km pipeline...
Dodsal Awarded 73km Iraq Oil Pipeline Contract
South Oil Company of Iraq, Royal Dutch Shell and Malaysia's Petronas have awarded a $106m contract to Dubai-based Dodsal Group to build a pipeline in Iraq. The 73km pipeline will be connected...
Sinopec Plans $15.4bn Refining Facility in China
China Petroleum & Chemical Corp (Sinopec) plans to build a refining complex with an annual capacity to process 32 million tons in Jiangsu, China. The project, with an investment of...
Eagle Ford Gathering to Process Gas at Texas Plant
Kinder Morgan Energy and Copano Energy's joint venture, Eagle Ford Gathering, has entered into a long-term agreement with Williams Partners to process Eagle Ford Shale production at the...
ETE to Acquire Southern Union for $7.9bn
Energy Transfer Equity (ETE) has entered into a definitive merger agreement to acquire Southern Union (SUG) for total value of $7.9bn, including about $3.7bn of existing SUG debt. The...
Foster Wheeler Bags Swedish Oil Refinery Contract
Preem AB has awarded a contract to Foster Wheeler to provide the basic engineering design and front-end engineering design (FEED) at its Preemraff Lysekil oil refinery, located north of...
Southcross to Build Gas Processing Plant in US
Southcross Energy is planning to construct a new natural gas processing plant with a capacity of 200MMcf/d in Refugio County, Texas, US, to expand its capability to process liquids-rich natural...
JX Holdings to Restart Sendai Refinery in 2012
Japanese firm JX Holdings is planning to restart its Sendai oil refinery in Japan, which produces 145,000 barrels of oil a day, by May 2012. The Sendai refinery is the only facility that has...
Senex Discovers New Oil Field at Copper Basin Permit
Senex Energy has discovered a new oil field at the Vintage Crop-1 exploration well in Copper Basin permit PEL 516 in South Australia. Senex has encountered a gross oil column of 10m with a 3m...
Kinder Morgan Acquires Petcoke Terminal in Texas
Kinder Morgan Energy Partners has acquired a newly constructed petroleum coke (petcoke) terminal in Port Arthur, Texas, from TGS Development Group for about $67m. The facility handles...
SM Energy to Sell Eagle Ford Assets in Texas
SM Energy has entered into an agreement with undisclosed buyers to sell a portion of its Eagle Ford shale assets in Texas, US, for $225m. The assets, which cover a total area of...
Vietnam Refinery Capacity to Reach 10mtpa by 2017
Binh Son Refining and Petrochemical will expand the capacity of its $2.2bn Dung Quat oil refinery in Vietnam from 6.5 million tonnes per year to 10 million tonnes per year by 2017. Binh...
Egypt-Israel Pipeline Resumes Gas Supply
The gas pipeline between Egypt and Israel that was shut down for six weeks has resumed the commercial supply of gas following two days of testing. The gas supplies were halted in April after...
Exxon Acquires Phillips Resources and TWP for $1.69bn
Exxon Mobil has acquired Phillips Resources and TWP for $1.69bn, gaining access to 317,000 acres in the Marcellus Shale that stretches to New York, Pennsylvania and West Virginia states of the US....
Russia and China to Maintain Oil Price for ESPO Pipeline
Russia and China have decided to maintain the oil price formula for Russian crude oil supplies to China through the East Siberia-Pacific Ocean (ESPO) oil pipeline, which has been built...
Petrobras and PDVSA Finance Joint Refinery in Brazil
Petroleos de Venezuela (PDVSA) and Petrobras have agreed to finance a joint refinery project in Brazil. The state-controlled companies will build a 230,000bpd refinery at Abreu e Lima in the...
Pertamina to Build $200m Gas Pipeline in Jakarta
Pertamina Gas, a subsidiary of PT Pertamina plans to build a 140km gas pipeline between Cirebon and Muara Karang in Jakarta, India. The pipeline network will be divided into two sections — a...
Iraq to Expand Oil Production Capacity by 2017
Iraq plans to expand its export facilities by increasing oil production to 12 million barrels a day (bpd) by 2017 and has signed deals with major foreign oil companies to achieve this goal. ...
Indian Petroleum Firm to Expand Domestic Refining Capacities
Bharat Petroleum Corporation plans to add 170,000bpd refining capacity by expanding its Kochi and Bina plants in India. The refining capacity at Kochi in southern India will be expanded...
Statoil to Divest 24.1% Stake in Gassled to Solveig
Statoil will sell a 24.1% stake in Gassled joint venture for $3.2bn to Solveig Gas Norway. Post transaction is expected to streamline Statoil's portfolio and increase capital...
Iraq to Build Oil Refinery by 2015
Iraq hopes to build a new 140,000bpd oil refinery in Kerbala, with construction expected to begin this year, the country's Deputy Prime Minister Hussain Al-Shahristani has said. The refinery...
TransCanada Restoring Keystone Pipeline Operations
TransCanada has started restoring operations along the Keystone crude oil pipeline, following a one-week shutdown caused by a leak at the Kansas Pumping Station in the US. The...
China to Expand $6bn Cuban Refinery
China has signed a letter of intent to expand a refinery at Cienfuegos, Cuba, which is estimated to cost $6bn. The letter of intent was signed by Cuvenpetrol, a joint venture between Cuba...
Gazprom and Petronet Sign LNG Supply Deal
Gazprom has signed a 25-year memorandum of understanding with India's Petronet LNG to supply to 2.5 million tonnes of liquefied natural gas (LNG) a year to India. The contract, estimated to...
Naftohaz Ukrainy and Statoil to Sign Black Sea Exploration Agreement
State-owned Naftohaz Ukrainy is to sign a cooperation agreement with Statoil to explore and mine hydrocarbons on the Black Sea shelf. The agreement, which also calls for the development...
UK Refinery Explosion Kills Four
Four contractors have been killed and another seriously injured in an explosion at Chevron's Pembrokeshire oil refinery in South Wales, UK. The explosion occurred in a 730m³ storage...
Central Valley Begins Construction of Gas Storage Facility
Central Valley Gas Storage has started building its natural gas storage facilities in California, US. Under the construction phase, the firm will install compressor units and build 15 miles of...
Adelaide Energy Discovers Hydrocarbons at Killanoola Well
Adelaide Energy will case and suspend the Killanoola South East 1 well in PRL 13 onshore tenement in the Otway Basin of South Australia, following the discovery of producible hydrocarbons. ...
Los Alamos to Acquire Californian Oil Leases
Australian Oil subsidiary Los Alamos Oil (LOA) has entered into a farm-in agreement for a leased area measuring 12.5km² in California, US. Under the terms of agreement, LOA will pay 75%...
International Petroleum Discovers Oil in Siberian Wells
International Petroleum has discovered oil at Well No.2 in the Krasnoleninskiy Project, Western Siberia. The preliminary investigations taken from the well so far have indicated that 23m of...
Exoma Energy Spuds Saltern Well in Galilee Basin
Exoma Energy has spudded Saltern-1, the first well of 12 in its Australian exploration programme. Using the Atlas No.1 rig, the firm spudded the well in its ATP 1008P permit in the...
Beach Energy Discovers New Cooper Basin Oilfield
Beach Energy has discovered a new oilfield at the Hanson-1 exploration well in PEL 91 on the Cooper Basin Western Flank, Australia. The firm encountered a gross oil column of 7m, with 5m of...
May 2011
Top
Explortex Energy, Mesa Resources to Develop Bridges Lease
Explortex Energy has entered into an agreement with Mesa Resources to participate in the development of the Mesa Resources Bridges lease in Texas, US. The Bridges lease located in Palo...
EWP, NIS to Explore Romanian Onshore Blocks
East West Petroleum (EWP) and Naftna Industrija Srbije (NIS) have entered into an agreement for the development of four onshore blocks - EX-2, EX-3, EX-7 and EX-8 - in Romania. The...
Mustang to Expand Hess Tioga Gas Plant
Hess Corporation has awarded a detailed design and procurement services contract to Mustang for the expansion of its Tioga natural gas plant in the Bakken oil play in North Dakota, US. The...
Momentum to Acquire Fashing Oil and Gas Assets
Momentum Oil & Gas has entered into a purchase and sale agreement with Newfield Exploration to acquire oil and gas assets in Fashing Field, Texas, US, for an undisclosed amount. ...
Hitachi, Mayekawa to Form Joint Venture in Brazil
Hitachi Plant Technologies and Mayekawa Manufacturing have agreed to form a joint venture to cooperate in the field of compressors for oil, gas and chemical plants. The joint venture will set...
Kodiak to Acquire Oil Assets in Williston Basin
Kodiak Oil & Gas has entered into a definitive purchase and sale agreement with a private oil and gas firm to acquire the Bakken / Three Forks oil leasehold and producing properties in...
Drillsearch Energy Commences Drilling at Hanson Well
Drillsearch Energy has spudded the Hanson-1 well, which is located in the PEL 91 block, Cooper Basin, Australia, under the Western Flank Oil Fairway drilling programme. The well will target...
LG International to Acquire Stake in Chilean Oil Blocks
LG International and Geopark have agreed to exchange a stake in their respective oil blocks in Chile. Under the agreement, LG International will acquire 10% stake in all oil blocks owned...
Beach Energy to Begin Flow Stimulation of Cooper Basin Wells
Beach Energy will start flow stimulation of its Holdfast-1 shale well located in PEL 218, Cooper Basin, South Australia, in early June, followed by flow stimulation of the Encounter-1 shale well. ...
XnE to Start Phase I of Doshier Project
XnE and PEMCO have approved the work plan for phase I of the Doshier project, which is located in Nowata County, Oklahoma, US. The scope of work under phase I will...
Velocity Signs Shell Western Services Agreement
Velocity Midstream Partners has entered a long-term agreement with Shell Western E&P for transportation and terminal services for Shell's light oil and condensate production from the...
Eternal Energy Spuds First Bakken Well
Eternal Energy has spudded its first horizontal Bakken development well in the Hardy field, which is located in south-east Saskatchewan, Canada. The new well, which is located near the...
PAAP to Construct Texan Crude Oil Pipeline
Plains All American Pipeline (PAAP) is to construct a new 130-mile crude oil and condensate pipeline, a marine terminal facility and 1.5 million barrels of storage capacity to service growing...
BP to Sell UK Oil Assets to Perenco for $610m
BP has agreed to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge fields, which are located in the UK, to Perenco for $610m cash. As part of the transaction, BP...
Foster Wheeler Wins FEED Contract for Thailand Refinery
Foster Wheeler has received a front end engineering design (FEED) contract from Star Petroleum Refining (SPRC) for the residue fluidised catalytic cracking unit (RFCCU) revamp turnaround...
Ecopetrol Discovers Crude Oil in Colombia
Ecopetrol has discovered crude oil in the Mito-1 exploratory well, in the Meta province of Colombia. The well, which is located in the Cano Sur block, was drilled vertically to a depth...
Eni Starts Slurry Technology Project at Italian Refinery
Eni has started works for the industrial application of the Eni Slurry Technology at its refining plant of Sannazzaro de' Burgondi, near Pavia, Italy. Eni has provided over...
Total, ExxonMobil to Develop Polish Gas Concessions
Total has entered into agreement with ExxonMobil to form a partnership operated by ExxonMobil to develop the Chelm and Werbkowice gas exploration concessions. According to the agreement,...
Petronas to Build Oil Refinery in Malaysia
Petronas is to build a new oil refinery and petrochemicals complex known as the Refinery and Petrochemicals Integrated Development (RAPID) in Southern Johor, Malaysia, with an estimated...
Total Discovers Gas at Bolivian Aquio Block
Total subsidiary Total E&P Bolivie (TEPBo) has encountered gas and condensate at its AQI-X1001 exploration well in the Aquio block in Bolivia. The well has confirmed the northern...
W&T Offshore Completes $366m Permian Basin Acquisition
W&T Offshore has completed the acquisition of 1,500 net acres in the Permian Basin located in West Texas, US, from private sellers for $366m. The company estimates the area has...
Spectra Energy to Acquire Big Sandy Pipeline for $390m
Spectra Energy Partners has entered into a definitive agreement with EQT Corporation to acquire all of the ownership interests of the Big Sandy Pipeline for $390m in cash. The 70 miles-long...
Foster Wheeler to Provide EPCM Services to Thai Oil Refinery
Foster Wheeler has received a contract from Thai Oil for the basic design engineering package and engineering, procurement and construction management (EPCM) services for its refinery in...
DCP to Build $270m Gas Plant in the US
DCP Midstream is to build a new 110 million cubic feet per day natural gas processing plant and high-pressure gathering system in Colorado, US. The new $270m LaSalle plant will increase...
ExxonMobil Begins Drilling at Texas Fields
ExxonMobil Production has commenced drilling and construction on an enhanced oil recovery project at the Means Field in Andrews County, Texas, US. The new project will apply technology...
Chevron Australia to Supply LNG to JX Nippon
Chevron Corporation's Australian subsidiary has signed a sales and purchase agreement with JX Nippon Oil and Energy for a portion of Chevron's offtake of liquefied natural gas (LNG) from the...
Cooper Energy Abandons Parham-1 Well
Cooper Energy has plugged and abandoned the Parham-1 well, which is located in PEL 92, Butlers oilfield, Australia, due to the absence of hydrocarbons. The firm spudded the Parham-1 well...
American Eagle to Explore Bakken Play
American Eagle Energy and partner Big Sky Operating have entered into joint participation agreement with FX Energy to expand and exploit the Bakken source system play in the Southern Alberta...
LINN Energy to Acquire Texas Oil and Gas Assets
LINN Energy has signed a definitive purchase agreement with Panther Energy and Red Willow Mid-Continent to acquire 40% of their oil and natural gas properties located in Texas and Ellis County,...
TAG Makes Oil and Gas Discovery in New Zealand
TAG Oil has discovered light oil and gas in the Sidewinder-4 exploration well, which is located in exploration permit 38748, Taranaki Basin, New Zealand. The well indicated that the...
Dejour Acquires Oil and Gas Leases in British Columbia
Dejour Energy has purchased three additional sections of oil and gas leases in north-east British Columbia, Canada. The acquisition covers about10km² adjacent to its current...
Kinder Morgan Acquires Petrohawk Energy Assets
Kinder Morgan Energy Partners has entered into a definitive agreement to pay about $855m to Petrohawk Energy Corporation for Petrohawk's 50% interest in KinderHawk Field Services. The...
Chevron to Acquire Marcellus Shale Assets in Pennsylvania
Chevron Corporation will acquire oil and gas assets in the Marcellus Shale in Pennsylvania, US, from Chief Oil & Gas and Tug Hill. The 228,000 net leasehold acres, located in...
Cooper Energy Starts Drilling at Parham Well
Cooper Energy has started drilling on the Parham-1 exploration well in PEL92 in Butlers oil field in Australia, as part of its current drilling programme. The firm has drilled the surface...
Enterprise to Extend Crude Oil Pipeline System
Enterprise Products is planning to extend the Eagle Ford Shale crude oil pipeline system in Texas, US, as part of a long-term transportation agreement with Chesapeake Energy. As part of...
Eagle Oil to Restart Oil Wells in Texas field
Eagle Oil Holding has executed a second 'farm out' agreement with Natural Springs Resources to provide funding for additional operations on its Woodbine oil field in East Texas, US. According...
Northwest to Acquire Stake in Encana's US Assets
Encana Oil & Gas has completed an upstream joint-venture development agreement with Portland-based Northwest Natural Gas. Under the terms of agreement, Northwest Natural will spend $250m...
Falcon Signs Beetaloo Deal with Hess Australia
Falcon Oil & Gas Australia, a subsidiary of Falcon Oil & Gas, has signed a participation agreement with Hess Australia to acquire an interest in onshore exploration permits 76, 98 and...
Central Valley Begins Construction of Gas Storage Facility
Central Valley Gas Storage has begun the construction phase of its planned natural gas storage facilities in California, US. Under the construction phase, the firm will install compressor...
Adelaide Energy Discovers Hydrocarbons at Killanoola Well
Adelaide Energy will case and suspend the Killanoola South East 1 well in the PRL 13 onshore tenement in the Otway Basin of South Australia following the discovery of producible...
April 2011
Top
HRT Spuds Well in Solimoes Basin
HRT Participacoes em Petroleo's subsidiary HRT O&G has spudded its first exploration well, located in the north-east portion of block SOL-T-170 in the Solimoes Basin, Brazil. The firm...
Enterprise Products, Energy Transfer to Build Crude Oil Pipeline
Enterprise Products Partners and Energy Transfer Partners are to form a 50 / 50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma, to Houston, Texas, US. ...
Ecopetrol Finds Hydrocarbons in Angola
Ecopetrol has discovered the presence of hydrocarbons in the Nunda-1 well, which is located in the municipality of Tello in Huila, Angola. Preliminary testing on the Honda formation showed...
Energy Transfer to Expand Eagle Ford Shale Assets
Energy Transfer Partners (ETP) has entered into long-term, fee-based agreements to provide natural gas gathering, processing and liquids services from the prolific Eagle Ford Shale in South...
Gas Natural Acquires US Pipeline Assets
Gas Natural subsidiary Spelman Pipeline Holdings has acquired pipeline assets in Ohio and Kentucky, US, from Marathon Petroleum. The Ohio assets include more than 140 miles of pipeline from...
Fidelity to Invest $2.1bn to Develop its Assets
Fidelity Exploration & Production is planning to invest $2.1bn over the next five years, including $306m in 2011, to develop its existing reserves in the US. Fidelity has moved the...
Technip Receives EPC Contract for Brazilian Refinery
A consortium of Technip and Tome Engenharia has been awarded a turnkey engineering, procurement and construction (EPC) for five of Petrobas's new units at the Presidente Bernardes Refinery...
Otto Energy Begins Drilling Onshore the Philippines
Otto Energy has begun drilling on the Duhat-1 well located in Service Contract 51, San Isidro, the Philippines. The company will drill to a target depth of 100m in about 27 days with the...
Heritage Oil to Drill Miran Block in Iraq
Heritage Oil has signed a contract with DaQing International to supply the DQ037 2000HP rig to start a multi-well exploration and appraisal drilling programme on the Miran block in the...
LUKOIL, ANK Banshneft to Develop Russian Oilfields
LUKOIL and ANK Bashneft have signed an agreement to establish a joint venture and develop the Roman Trebs and Anatoly Titov oilfields in Russia. Under the terms of the agreement, LUKOIL...
Salamander Suspends Dao Ruang-2 Well Onshore Thailand
Salamander Energy has temporarily suspended the Dao Ruang-2 well in block L15/50, onshore north-east Thailand. The company has taken this step as the well failed to achieve flows at...
Chesapeake to Acquire Bronco for $315m
Chesapeake Energy has entered into a definitive agreement with Bronco Drilling to acquire all the outstanding shares of Bronco, including debt, net working capital and outstanding warrants, for...
Statoil Awards Pre-FEED Contract to Foster Wheeler
Statoil Petroleum has awarded a contract to Foster Wheeler to perform pre-front end engineering for the Snohvit future development project at Statoil's LNG facility on Melkoya Island,...
EGPI and Whitt to Develop Texan Wells
EGPI Firecreek has formed a joint venture with Whitt Oil and Gas to conduct a series of rehabilitations on three oil and gas wells in Texas, US, which are jointly owned by EGPI Firecreek Whitt. ...
Foster Wheeler to Conduct Feasibility Study on Bahrain LPG Facilities
Bahrain National Gas Company has awarded a contract to Foster Wheeler to conduct a feasibility study for its liquefied petroleum gas projects, which are set for expansion. The expansion...
Blackstone, Alta Partner for North American Assets
Blackstone Capital and Alta Resources have entered into partnership to invest up to $1bn in acquiring and developing unconventional oil and gas assets in North America. Both firms have...
Statoil, BP, Sonatrach Sign $1bn EPC Contract with Petrofac
Statoil, BP and Sonatrach have signed a $1.15bn engineering, procurement and construction (EPC) contract with Petrofac International for the execution of the In Salah Southern Fields...
Transerv Begins Drilling Warro Gas Field
Transerv Energy has commenced drilling the Warro-4 well at the onshore Warro gas field, located 200km north of Perth in the Perth Basin, Australia. The firm expects to drill to an...
ETC Signs Gas Service Agreement with SM Energy
ETC Texas Pipeline has entered into long-term gas service agreement with SM Energy to gather, transport and process production of gas from SM Energy's Eagle Ford shale assets in South Texas, US. ...
Crimson Completes Drilling at Texas Wells
Crimson Exploration has completed drilling at the Littlepage McBride #1 well, which is located in Karnes County, Texas, US. The company drilled the well to a total depth of...
KMG EP to Acquire Four Hydrocarbon Blocks
KazMunaiGas Exploration Production (KMG EP) has signed an agreement with national company KazMunayGas to acquire four hydrocarbon exploration blocks worth $40m. KMG EP will buy the Temir...
Cooper Energy Begins Drilling at Butlers Field
Cooper Energy has commenced drilling at the Butlers-2 well, which is located in the Butlers oilfield in PEL92, Cooper Basin, Australia. Bulters-2 is the first appraisal / development well...
Beach Energy Completes Holdfast-1 Well Drilling
Beach Energy has completed drilling the Holdfast-1 well in the PEL 218 area of Cooper Basin, Australia, and has intersected the target zone at 353m. The firm conducted extensive coring...
Norwest Energy to Conduct Survey of Northern Perth Basin
Norwest Energy has received a Special Prospecting Authority (SPA) to conduct an FTG survey in the Northern Perth Basin, West Australia, to assess the hydrocarbon potential of over 21...
Legacy to Acquire Permian Basin Natural Gas Properties
Legacy Reserves is to buy Permian Basin natural gas properties for $67m in cash. The assets include 126 wells located in Eddy and Chaves Counties, in New Mexico, US, 100 of which are operated....
Tethys Completes Drilling at SE-7 Well
Tethys Oil has completed work on the SE-7 well, located onshore Oman, and encountered several intervals of heavy oil, but no flows were established. The well reached a total depth of...
Marubeni to Acquire Stake in Marathon Oil Asset
Marubeni Denver Julesburg is to acquire an interest in Marathon Oil's Niobrara shale play within the DJ Basin of south-east Wyoming and northern Colorado, US. According to the...
TAG Discovers Light Oil, Gas in New Zealand Permits
TAG Oil has discovered light oil and gas in the Sidewinder-3 exploration well at the Petroleum Exploration Permit 38748 at the onshore Taranaki Basin, North Island, New Zealand. ...
ExxonMobil Resumes Operation at US Refinery
ExxonMobil has resumed normal operations at its Baton Rouge refinery in Louisiana, US, after completing a turnaround. The successful turnaround means that the plant can now process...
Royal Dutch Shell, Total Halt Gabon Oil Production
Royal Dutch Shell and Total have stopped oil production in Gabon following an indefinite strike by Gabon's National Organization of Oil Workers. The strike action was called on 31 March...
Petrofac to Develop Iraq Oil Field
Shell Iraq Petroleum Development has awarded a $240m contract to Petrofac to develop the Majnoon Field in Southern Iraq. Under the contract, Petrofac will provide engineering,...
BP Oil Awards EPCm Contract to AMEC
BP Oil UK has appointed AMEC to carry out the engineering, procurement and construction management of capital investment projects for existing facilities at its UK oil storage terminals in 2011. ...
Hyundai Receives EPC Contract from OOCEP
Hyundai Engineering has received a $480m engineering, procurement and construction (EPC) contract from Oman Oil Company Exploration and Production (OOCEP) for a gas-processing plant in...
Tullow Oil Signs $2.9bn Deal with CNOOC, Total
Tullow Oil is to sell two-thirds of its interest in Exploration Areas 1, 2 and 3A in Uganda to CNOOC and Total for a total value of $2.9bn. Tullow will retain a one third interest in...
American Eagle Acquires Knapp US Oil Asset
American Eagle Energy is to acquire a 2km² leasehold position owned by Knapp in Montana, US. The firm plans to conduct a 3D seismic survey on the prospect to define the prospect...
Metso Signs Service Contract with Petrobras
Metso has signed a service contract with Petrobras to supply spare parts and maintenance services for Metso's valves, actuators and positioners in 11 refineries in Brazil. Under the...
March 2011
Top
Corrib Gas Partners Receive Gas Pipeline Licence in Ireland
Corrib Gas Partners have received a Foreshore Licence from the Department of Environment, Heritage and Local Government in Ireland for the Corrib Onshore Gas Pipeline. Corrib Gas...
C&C Energia to Acquire Colombian Oil and Gas Assets
C&C Energia has signed a purchase and sale agreement with Ramshorn International to acquire Ramshorn's oil and gas properties in Colombia for $89m. C&C will acquire a 70%...
American Petro-Hunter Acquires Additional Land in US
American Petro-Hunter has acquired a major working interest in an additional 8km² of land in Payne County, Oklahoma, US. The newly acquired 'Ripley Prospect' is located in a key area of...
Siemens to Supply Compressor Trains to APLNG
Siemens Energy will supply up to ten compressor trains to Australia Pacific LNG (APLNG) in Queensland, Australia. The APLNG project includes the development of coal seam gas fields...
Gulf Keystone Begins Drilling in Iraq
Gulf Keystone's Bekhme-1 Exploration Well has spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq. The firm plans to drill the Bekhme-1 well to a depth of 300m and will...
Aurelian Begins Flow Rate Test on Polish Well
Aurelian Oil & Gas has begun stabilised flow rate testing on the Trzek-2 well on the Siekierki project in Poland, after a two-week delay. The delay was thought to have been caused by...
San Leon Energy Venture to Develop Iraqi Oilfields
San Leon Energy and Al Meinaa Oil Services, its joint venture partner in Iraq, have signed a joint participation agreement with the Governorate Council of Karbala in Central Iraq. Under...
ETP, Regency to Acquire LDH Energy for $1.9bn
Energy Transfer Partners (ETP) and Regency Energy Partners have formed a joint venture to buy LDH Energy Asset Holdings from Louis Dreyfus Highbridge Energy for $1.9bn in cash. LDH owns...
Enterprise Signs Texas Crude Oil Transportation Agreement
Enterprise Products Partners is to provide firm crude oil transportation and marketing services to two producers in the Eagle Ford Shale play of South Texas, US. Under a ten-year agreement,...
MarkWest to Deliver Ethane to Canadian Markets
MarkWest Liberty Midstream & Resources is developing a pipeline project to deliver Marcellus shale ethane from its processing and fractionation facilities in Houston and Pennsylvania, US,...
UK Oil Production Tax to Increase by 32%
The supplementary charge for North Sea oil and gas will increase by 32% from midnight tonight, a move that could cost oil giants £2bn, according to the UK Government. Speaking on Budget...
Yamal LNG Selects CBI for FEED Services
Yamal LNG has selected Chicago Bridge & Iron (CBI) to provide front-end engineering and design (FEED) services for the Yamal LNG project in Russia. The Yamal LNG project involves...
Buckeye to Acquire BP Assets for $225m
Buckeye Partners has made an agreement with BP Products North America to buy some of BP's US fuel storage and pipeline assets for a total cash value of $225m. Under the terms of agreement,...
Encana to Acquire Stake in Kitimat LNG Export Terminal
Encana Corporation will acquire a 30% interest in the planned Kitimat liquefied natural gas (LNG) export terminal and the associated natural gas pipeline on the west coast of central...
Capstone Turbine Sells Microturbines to Natural Gas Producer
Capstone Turbine Corporation has sold six C65 microturbines to a natural gas producer. The six new C65s, to be installed in June 2011, will expand the producer's minigrid system in New...
EGPI Discovers New Oil and Gas Reserves in Texas
EGPI Firecreek has discovered significant oil and gas reserves at its recently acquired Tubb Leasehold Estate in the AMOCO / CRAWAR Field in Ward County, Texas, US. The firm is planning...
Samsung Signs EPC Contract for Saudi Aramco Projects
Samsung Engineering will perform the engineering, procurement and construction (EPC) work for Saudi Aramco’s Shaybah natural gas liquids (NGL) programme. Work under four lump sum turnkey...
Valero Energy to Expand McKee Refinery
Valero Energy is to expand the crude unit capacity of its McKee refinery in Texas by 25,000 barrels per day over the next three years. To increase the charge rate, the refinery will...
Salamander Reaches Total Depth at Thailand Well
Salamander Energy has drilled the Dao Ruang-2 well to a total vertical depth of 1,915m in block L15 / 50 onshore north-east Thailand. While drilling, Dao Ruang-2 well penetrated a number...
Cooper Energy Begins Production at Indonesian Project
Cooper Energy has begun its first international production of oil from the Bunian-1 well in the Sukananti Production Area in South Sumatra, Indonesia. Bunian-1's production increased to...
South Korea to Develop Oilfields in UAE
South Korea has signed a deal with Abu Dhabi to develop oilfields in the United Arab Emirates. According to the deal with Abu Dhabi National Oil Company, Korean National Oil Corp will...
ExxonMobil to Restart Japan Oil Refineries
ExxonMobil's Japan refineries, which were shut down following the earthquake of 11 March 2011, are to restart as soon as possible. The firm will restart its 335,000bpd Kawasaki refining...
TAG Oil Discovers Hydrocarbons in New Zealand
TAG Oil has made a multizone, light oil and gas discovery at the Sidewinder-2 well within the Mt Messenger Formation on petroleum exploration permit 38748 onshore Taranaki Basin in New...
Strategic American Completes Initial Well Drilling at Fisher's Reef
Strategic American Oil Corporation (SGCA) has recompleted and put into production its initial Fisher's Reef G2-3A well in Chambers County, Texas, US. The Fisher's Reef G2-3A well is...
Japan Closes Its Oil Refineries
Oil refineries in Japan were shut down following the massive earthquake that occurred near the city of Sendai on 11 March 2011. Cosmo Oil shut its refinery in the city of Chiba after a...
Clough AMEC Forms Joint Venture with Beca
Clough and AMEC's joint venture Clough AMEC has formed a strategic joint venture with New Zealand-based engineering company Beca to provide integrated engineering, operations and...
Glen Rose to Drill Deeper in Texas Wells
Glen Rose Petroleum is to drill and deepen five wells on the Wardlaw and Adamson leases in Edwards County, Texas, over the next three weeks. The firm will drill three new wells to a depth...
Cooper Energy Sells Worrior Assets to GB Energy
Cooper Energy has sold all of its shares in Worrior (PPL 207) to GB Energy (GBX) for A$16m ($16.07m) and A$500,000 ($500,000) in GBX shares. The Worrior assets include 30% of the...
Sasol Acquires Stake in Talisman Energy's Cypress Asset
South African alternative fuels and chemicals company Sasol is to acquire a 50% stake in Talisman Energy's Cypress A shale gas asset in the Montney basin of British Columbia, Canada, for...
MarkWest to Provide Midstream Services to Statoil
MarkWest Liberty Midstream & Resources will provide additional natural gas midstream services for Statoil Natural Gas's Marcellus acreage in northern West Virginia, US. MarkWest...
Southcross Energy to Provide Support Services to Swift Energy
Southcross Energy will provide natural gas-gathering, transportation and processing services to Swift Energy for production at its acreage in McMullen County, Texas, US. As part of...
KBR Awarded FEED Contract for Kitimat LNG
KBR has received a front end engineering and design (FEED) contract for a new natural gas liquefaction and export facility near Kitimat, British Columbia, Canada. Apache Canada and...
Beach Energy Begins Drilling at Cooper Basin
Beach Energy has initiated a major oil drilling programme for up to 26 wells located on the western flank of Cooper Basin, Australia. The firm will conduct exploration and development for...
TAG Discovers Light Oil in New Zealand
TAG Oil has discovered multizone light oil in the Cheal-B4ST well in Petroleum Mining Permit 38156 (PMP 38156) in the Taranaki Basin, New Zealand. The well, which was drilled to a total...
Legend Natural to Acquire $1bn Oil, Gas Assets
Legend Natural Gas IV has signed two definitive purchase agreements to acquire oil and gas-producing assets in the US for a total combined value of about $1bn. Legend Natural will...
Total Signs Agreements with Novatek
Total has signed two memorandums of cooperation with Russian independent natural gas producer Novatek for a total value of $4bn. According to the memorandums, Total will acquire a 20%...
Foster Wheeler to Conduct Study for ZADCO Processing Unit
Foster Wheeler will perform an availability and reliability study for expanding the Zirku oil processing facilities in Abu Dhabi, UAE, for Zakum Development Company (ZADCO). ZADCO is...
Caspian to Commence Drilling in Central Asia
Caspian Oil & Gas is to drill the West Mailisu #2 well in the West Mailisu licence in the Kyrgyz Republic, Central Asia, between May and June 2011. The firm has completed...
Range Resources to Sell Barnett Shale Properties
Range Resources has signed a definitive agreement with a private firm to sell its Barnett Shale properties in the Fort Worth Basin, US, for $900m. The properties include 390 producing...
Camcon Oil Selects Ultra CEMS to Develop New Gas Lifting System
Camcon Oil has selected Ultra Electronics, Manufacturing & Card Systems (Ultra CEMS) to manufacture a new artificial gas lifting system. Designed by Camcon, the new Apollo system...
Enterprise Acquires Trinity's Texas Pipeline
Enterprise Products Partners has bought a 39-mile CO2 pipeline from Trinity Pipeline, which will be converted to crude oil service in order to expand the firm's gathering system in the...
Kinder Morgan Forms Joint Venture with Deeprock and Mercuria
Kinder Morgan Energy Partners (KMP) has formed a crude oil joint venture with Deeprock Energy Resources and Mercuria Energy. KMP will invest $25m to acquire a 50% stake in an existing crude...
PPG and Gastar to Develop Marcellus Shale Gas in US
PPG Industries and Gastar Exploration have signed an agreement to develop Marcellus shale natural gas resources at PPG's Natrium chemicals site in West Virginia, US. As part of the...
NW Natural and Encana to Develop Gas Reserves in US
NW Natural will invest in a joint venture to develop gas reserves from the Jonah Field in Wyoming, US, under a 30-year agreement with Encana Oil and Gas. NW Natural will pay $250m for...
Mogul Energy Begins Drilling at Stafford Lease in the US
Mogul Energy International has begun drilling at Stafford Well #1 at the Stafford lease in Jackson County, Texas, US. The well is permitted to a total depth of 7,400ft will test...
Murphy Oil Begins Operations at Canadian Gas Plant
Murphy Oil has begun operations at the Tupper West natural gas processing facility in north-eastern British Columbia, in Canada. The Tupper West gas plant is located 39km from the Tupper...
Australia Pacific to Supply LNG to Sinopec
Australia Pacific LNG will supply up to 4.3 million tons of LNG per annum to Sinopec, under a new heads of agreement deal that will last 20 years. Under the terms of agreement, Sinopec...
February 2011
Top
BHP Acquires Chesapeake US Assets
BHP Billiton has agreed to acquire all of Chesapeake Energy's interests in the Fayetteville Shale, US, including the midstream pipeline system, for $4.75bn. The assets include...
American Eagle Energy to Merge with Eternal Energy
Eternal Energy will form a wholly owned subsidiary into which American Eagle Energy will merge, under a new letter of intent with the firm. Eternal Energy expects the merger to reduce...
Clough Joint Venture Wins Papua New Guinea LNG Project Orders
The Clough Curtain Joint Venture (CCJV) has received work orders worth A$209m ($210.5m) for the PNG LNG upstream infrastructure contract in Papua New Guinea. The contract includes...
Shell to Divest Stakes in African Downstream Businesses
Shell has signed agreements with Vitol Group and Helios Investment Partners to divest its majority stakes in its African downstream businesses for $1bn. Shell will continue to hold equity in...
BP to Suspend Libyan Operations
BP is suspending its operations in Libya as violence continues to increase in the country, pushing oil prices to a two-year high. The firm is evacuating 40 of its personnel and their...
Kirby Acquires United Holdings for $270m
Kirby Corporation has signed an agreement to purchase United Holdings for $270m, including a three-year earnout provision for an additional payment of up to $50m payable in 2014. ...
Essar Makes $1.3bn Offer for Shell Refinery
Essar Energy has made a $1.3bn offer to buy Shell's 272,000bpd Stanlow refinery and associated local marketing businesses in the UK. Based on the offer, the two firms signed an...
Iran Discovers New Gas Field
A new natural gas field has been discovered near Assaluyeh in the Iranian province of Bushehr, with reserves worth at least $50bn, according to Iranian oil minister Masoud Mir Kazemi. ...
Emerald to Acquire New Frontier Energy's Green River Basin Assets
Emerald Oil and Gas will acquire New Frontier Energy's 45% interest in the Green River Basin joint venture in the US under a new Memorandum of Understanding (MoU). Emerald will pay...
PVR Begins Operation of Gas Gathering System
Penn Virginia Resource (PVR) has commenced commercial operations of the first section of its new natural gas gathering system in Lycoming County, Pennsylvania, US. The Lycoming pipeline...
Cooper Energy to Begin Drilling at Cooper Basin
Cooper Energy is to commence drilling at PEL92, which is located in the Cooper Basin, Australia, within the next week, with 11 wells planned for drilling. As part of the drilling programme,...
CNOOC Acquires Stake in Chesapeake's US assets
CNOOC International has acquired a 33.3% undivided interest in Chesapeake Energy's 800,000 net oil and natural gas leasehold acres, which are located in the Denver-Julesburg and Powder...
American Standard Energy Acquires 36 Wells in US
American Standard Energy has signed an agreement with Geronimo Holding Corporation for the acquisition of 36 gross wells in the US states of Texas, Oklahoma and Arkansas. The acquisition...
Repsol to Supply LNG to South Korea
Repsol has signed an agreement with South Korea's state-owned Korea Gas Corporation to supply liquefied natural gas (LNG) to the country. Under the 15-month agreement, Repsol will ship...
Total’s Bolivian Gas Field Starts Production
Total E&P Bolivie has started production from the Itau gas and condensate field located on block XX (Tarija Oeste), 400km south of Santa Cruz, Bolivia. The company's the first phase...
Rosneft Unveils Siberian Oil and Gas Fields
Rosneft has discovered two new oil and gas fields at the Sanarsky and Preobrazhensky licence areas located in the Katangsky district of Irkutsk in Eastern Siberia. The company said that...
Po Valley Begins Seismic Campaigns on Italian Gas Projects
Po Valley Energy has begun new seismic campaigns on two of its gas projects to progress exploration and development near Bologna, Italy. The firm has begun acquisition of a 2D land...
IOG Gets Approval to Drill New Californian Well
Incremental Oil and Gas (IOG) has been granted approval to drill a new well on its Round Mountain lease in California, US, from the state's Division of Oil, Gas and Geothermal Resources. ...
Wood Group Sells Well Support Division
Wood Group has entered into a conditional agreement to sell its Well Support Division to GE Oil & Gas for a cash consideration of $2.8bn. Following the disposal, Wood Group will return...
Bashneft Receives Licence to Develop Russian Oilfields
Sistema's oil subsidiary ANK Bashneft has received a licence to develop the Trebs and Titov oilfields in Russia. Russian Prime Minister Vladimir Putin signed Decree No 152-r, granting...
Tri-Valley to Expand US Operations
Tri-Valley Corporation is to expand oil production at its Claflin project in the Edison Oil Field, near Bakersfield, California, US. The first phase of the expansion includes the acquisition...
PetroChina to Acquire Share of Encana's Canadian Assets
PetroChina has signed a cooperation agreement with Encana Corporation to acquire a 50% interest in Encana's Cutbank Ridge business assets in British Columbia and Alberta, Canada, for...
Kulczyk Oil to Begin Phase II Exploration at Brunei Block M
Kulczyk Oil Ventures and its joint-venture partners will commence a phase II exploration programme on block M in Brunei Darussalam. Under phase II, the company will acquire and process no...
Plains to Construct Shafter Expansion Project
Plains All American Pipeline is to construct its Shafter Expansion project in the US for $50m, under a five-year transportation agreement with a subsidiary of Occidental Petroleum. The...
Pacific Northern to Sell Stake in PTP
Pacific Northern Gas (PNG) is to sell its 50% stake in the Pacific Trail Pipelines Limited Partnership (PTP) to Apache Canada and EOG Resources for a total of $50m. PTP is developer of...
Ecopetrol Discovers Hydrocarbons in Colombian Project
Ecopetrol has discovered the presence of hydrocarbons at exploratory well Tinkhana-1, which is located in the Western Area block in Putumayo, Colombia. The well is part of exploratory...
Exillon Makes Siberian Oil Discovery
Exillon Energy has discovered oil in two of its wells, EWS-16 and EWS-391, located in West Siberia. EWS-16, drilled on a northern extension of the EWS I field, flowed water-free oil at a...
Circle Oil Discovers Moroccan Gas Reserves
Circle Oil has discovered gas in the Base Guebbas target at the DRJ-6 exploration well located in the Sebou Permit of Rharb Basin, Morocco, at a sustained rate of 5.363mmscf per day on a 26 /...
Range Resources to Augment Production of Texan Wells
Australia's Range Resources is to conduct fracture stimulation to augment hydrocarbon flow rates on the Russell Bevly well at the North Chapman Ranch project in Texas, US. The operation will...
Marion's Clear Creek Project Begins Natural Gas Production
Marion Energy's Utah Fuels #2 well, located at the Clear Creek project, has commenced natural gas production. The well has responded to the electrical submersible pump installed a few...
Tag Oil to Begin Drilling at Second Taranaki Basin Well
Tag Oil will commence drilling operations this month at the Sidewinder-2 well, which is located in Taranaki Basin, New Zealand. Sidewinder-2 is the first of several appraisal and...
Gazprom to Begin Badra Oilfield FEED Development
Gazprom Neft has awarded the front-end engineering and design (FEED) contract for the Badra oilfield in Iraq to Technip. Under the framework, Arabian Gulf Mine Action Company will perform...
Marathon Oil Sets $5.2bn Budget for 2011
Marathon Oil Corporation has announced its $5.26bn capital, investment and exploration budget for 2011. From the total capital, $3.7bn will be spent on upstream segments and $1.2bn...
EWC, InterOil to Construct LNG Plant in Papua New Guinea
Energy World Corporation (EWC) has signed a project funding and construction agreement and shareholders agreement with InterOil Corporation and Liquid Niugini Gas to construct a three...
Green Star, Petrolia to Develop California Creek Oilfield
Green Star Energies has made an agreement with Petrolia Group to develop the California Creek Oilfield in Oklahoma, US. Under the agreement, Petrolia Group will provide development costs...
Chevron to Construct $1.4bn US Lubricant Plant
Chevron Lubricants is to build a lubricants manufacturing facility worth $1.4bn at its Pascagoula Base Oil Project located in Mississippi, US. The facility, which will manufacture...
ADX Receives Exploration Rights in Romania
ADX Energy of Australia has signed a concession agreement with Agentia Nationala Pentru Resurse Minerale (NAMR) for exploration block EX-10 PARTA in Romania. The PARTA block, which covers...
Molopo Energy Upgrades Queensland Acreage Reserves
Molopo Energy has upgraded its major reserves for its Queensland, Australia, acreage held under ATPs 564P and 602P. These permits include the Mungi, Harcourt, Harcourt North, Lilyvale and...
Egdon Resources to Acquire UK Oil and Gas Assets
Egdon Resources will acquire the entire interest of Valhalla Oil and Gas in two onshore UK petroleum exploration and development licences (PEDLs). Both firms signed an agreement for...
Caza Commences Drilling Texas Prospect
Caza Oil & Gas has begun development drilling at the Caza 158 #2 well, located in the Windham prospect of Upton County, Texas, US. The 158 #2 well, which will be drilled to a...
January 2011
Top
Statoil Produces First Oil from Leismer Demonstration Project
Statoil has announced first oil production from its Leismer Demonstration Project (LDP) in Canada, ahead of schedule after initiating steam injection in September 2010. The LDP is the...
Heritage Oil Discovers Major Gas in Iraq
Heritage Oil has announced a major gas discovery at the Miran West-2 well in the Kurdistan Region of Iraq, following completion of its deepening and testing phase. Heritage estimates that...
Caiman Completes West Virginia Gas-Processing Plant
Caiman Energy has completed construction of the Fort Beeler Processing Plant I, a cryogenic processing facility in the Marcellus Shale Formation, West Virginia, US. The plant will have...
Halliburton to Provide Services for Samson's Hawk Springs Project
Halliburton Energy Services and its partner will evaluate and develop the Niobrara Formation and other conventional targets as part of Samson Oil & Gas' Hawk Springs project in Wyoming, US. ...
Ecopetrol, Talisman Acquire BP Unit for $1.75bn
Ecopetrol and Talisman Colombia Holdco have completed the acquisition of BP Exploration (Colombia) for $1.75bn. Ecopetrol will have a 51% share and Talisman will hold the remaining...
Africa Oil JV Becomes Operator of Kenyan Project
Africa Oil Corp and its joint venture partner Lion Energy have entered into the First Additional Exploration Phase under the Block 9 Production Sharing Contract Agreement (PSC) in Kenya. ...
Chevron Signs LNG Agreement with Kyushu
Chevron Corporation's Australian subsidiary is to supply part of its offtake of liquefied natural gas (LNG) from the Gorgon Project, Australia, to Kyushu Electric Power. Under the sales...
Black Hawk Expands US Oil and Gas Leases
Black Hawk Exploration has expanded its oil and gas lease holdings in Cowley County, Kansas, US, with the acquisition of an additional 1.7km². The Layton zone previously produced over...
Imperial to Develop Land in Texan County
Imperial Resources subsidiary Imperial Oil & Gas has entered into an oil and gas lease agreement with the mineral owner of 35 acres and an existing wellbore in Montague County, Texas,...
Oneok to Invest in Williston Basin Projects
Oneok Partners is to invest between $260m and $305m by the end of 2014 for additional projects in the Bakken Shale in Williston Basin, US. The investments include $135m-$150m for building...
Fluor Wins $3.5bn EPC Contract for GLNG Project
Fluor Corporation will provide engineering, procurement and construction (EPC) services for Santos' Gladstone Liquefied Natural Gas (GLNG) project in Queensland, Australia. The EPC...
Strategic American Oil to Acquire Texas Assets
Strategic American Oil is to acquire an unnamed private Texas oil and gas company, which owns and operates producing oil and natural gas properties and related facilities in Galveston Bay,...
Western Gas to Acquire Encana's Colorado Assets
Western Gas Partners has announced that it will acquire midstream assets located in the DJ Basin of north-eastern Colorado, US, from Encana Oil & Gas for $303m. As part of the...
Petrofac to Develop In Salah Gas Fields
Petrofac is to develop the southern fields of Algeria's In Salah development for In Salah Gas (ISG) under a $1.2bn contract. The fields to be developed include Garet el Befinat, Hassi...
Sunwing Energy Discovers Further Gas Reserves in China
Ivanhoe Energy subsidiary Sunwing Energy has made another natural gas discovery in the Zitong exploration block in China's Sichuan province. The find is Sunwing's second deep discovery...
Eaglewood to Reach Ubuntu-1 Total Depth in February
Eaglewood Energy will reach a total depth of 3,600m in the Ubuntu-1 well in Papua New Guinea by next month, with drilling going ahead in an 8.5in hole at 2,600m. Ubuntu-1 is located...
Saipem Wins $1bn EPC Contract for GLNG Project
Italian oil and gas contractor Saipem has received an engineering, procurement and construction contract worth $1bn from Gladstone LNG Operations. Saipem will engineer, procure and construct...
Gran Tierra to Acquire Petrolifera Petroleum
Gran Tierra Energy is to acquire Petrolifera Petroleum for $195m. Under the terms of the agreement, Petrolifera shareholders will receive a 0.12 Gran Tierra Energy share for every...
GLNG Partners Approve $16bn Queensland Project
Santos, Petronas, Total and Kogas have taken the final investment decision for developing the $16bn Gladstone LNG (GLNG) project near Gladstone in Queensland, Australia. The approval paves...
Baytex to Acquire Canadian Heavy Oil Assets
Baytex Energy is to acquire heavy oil assets in the Seal area of northern Alberta and the Lloydminster area of western Saskatchewan, Canada, for $156m. The firm will acquire a 100%...
Solimar Energy Secures US Suspended Well
Australia's Solimar Energy has secured access to and ownership of the suspended Jack Hamar 1-24 well in the San Joaquin Basin, California, US. The well was drilled to 3,630ft in 2007 within...
ADX to Drill Tunisia's Sidi Dhaher Well
ADX Energy will provide drilling rig services for Challenger on the Sidi Dhaher well in the Chorbane Exploration Permit, Tunisia. The Sidi Dhaher prospect, which is located in the 2.5...
Osyka Completes Una West Field Acquisition
Osyka Permain, a subsidiary of Osyka Corporation, has completed its acquisition of the Una West field in Victoria County, Texas, US. Osyka founder and CEO Michael Harness said that the...
ROO Increases Production in Iraq Field
Rumaila Operating Organisation (ROO) has increased its oil production by 10% to the 1.066 million barrels a day initial production rate agreed in December 2009 at the Rumaila oilfield...
Range Acquires Stake in Cotton Valley Project
Range Resources has acquired an additional 8.2% working interest in its East Texas Cotton Valley project. The company's participating interest in the shallow oil project now...
LNG Energy Spuds Polish Shale Gas Well
LNG Energy subsidiary Saponis Investments has spudded its first shale gas exploration well, Wytowno S-1, in Poland. Intermediate casing was landed at 1,205mKB with drilling operations about...
Burleson Energy Drills Heintschel #2 Well to Total Depth
Burleson Energy has drilled the Heintschel #2 well in the Heintschel field, Texas, US, to a total depth of 11,900ft (3,627m). Gas shows were recorded in the primary reservoir section...
Red Emperor to Acquire Georgia Oil and Gas Blocks
Red Emperor Resources will acquire a 20% interest in two oil and gas blocks in Georgia from Range Resources and Strait Oil & Gas. The two blocks, VIa and VIb, cover a contiguous area...
Otto Energy Signs Rig Contract with DESCO
Australia's Otto Energy subsidiary Norasian Energy Phils has signed a land rig contract with DESCO for exploration drilling in Service Contract 51 (SC51) in the Philippines. DESCO's Rig-1...
Salamander Energy to Begin Drilling in Thailand
Salamander Energy will begin drilling at block L15 / 50 at the Dao Ruang Prospect in Western Khorat, onshore Thailand. The first of the two back-to-back appraisal wells is expected to spud...
Eaglewood to Reach Ubuntu-1 Well Total Depth by February
Canada's Eaglewood Energy is drilling the Ubuntu-1 well in Papua New Guinea at 1,920m and expects to reach a total depth of 3,600m in early February 2011. The Ubuntu-1 well is located...
AWE Plans Drill Stem Test at Al Meashar-2 Well
AWE has set tools into the hole at the Al Meashar-2 appraisal well in block 7, Yemen, in order to perform a drill stem test. The firm completed a clean-up of the well and made preparations...
Sure Energy Tests 11-2 Redwater North Horizontal Well
Sure Energy has tested the Viking formation in its 11-2 Redwater North horizontal well. The test continued for 50 hours and flowed a total of 569 barrels of clean light oil and 442mcf...
Groundstar Spuds First Well in West Kom Ombo Block
Groundstar Resources, in concert with Energean Oil & Gas, has spudded the West Kom Ombo-1 exploration well on the West Kom Ombo block in Upper Egypt. West Kom Ombo-1 is the...
Petroamerica to Acquire Interests in Colombian Assets
Petroamerica Oil is to acquire participating interests in four exploration blocks in the Llanos Basin of Colombia from Talisman (Colombia) Oil & Gas. As per the agreements...
Transeuro Energy Begins Drilling in Ukraine
Transeuro Energy has commenced drilling on the Karl-101 well at the Karlavskoye field, Western Crimea, Ukraine. The Karlavskoye field has nine wells that all produce gas and...
ONGC, GAIL in Three-Year Natural Gas Deal
ONGC and GAIL have partnered for business growth in the sectors of natural gas and petrochemicals. The firms will work together during the next three years for the exclusive sale of natural...
Mainland Reaches Total Depth at Burkley-Phillips Well
Mainland Resources' drilling of its Burkley-Phillips#1 well in Jefferson County, Mississippi, US, has reached a total depth of 22,000ft. The well is being logged and interpreted by the...
Nordic Oil Confirms Hydrocarbon Presence in Saskatchewan
Nordic Oil and Gas has completed the laboratory analysis of samples taken from the drilling of the firm's 4-11-35-4 W2 site in Endeavour, Saskatchewan, Canada. The analysis showed the...
Connacher to Sell Battrum Properties to Hyak Energy
Connacher Oil is to sell its Battrum properties in south-west Saskatchewan, Canada, to Gas Hyak Energy for $57.5m under a purchase and sale agreement. At an approximate current production...
December 2010
Top
Season's Greetings
hydrocarbons-technology.com will be taking a short break over the holiday season. Our full daily news service will return on 4 January 2011. Thank you for your support in 2010 and we wish you...
Williams Partners Acquires Cabot's Midstream Assets
Williams Partners has acquired the midstream assets of Cabot Oil & Gas Corporation in Susquehanna County, Pennsylvania, US, for $150m. The assets include 75 miles of gathering pipelines...
Ivanhoe Energy Discovers Gas in Zitong Block
Ivanhoe Energy subsidiary Sunwing Energy has discovered a large amount of gas at Sunwing's Yixin-2 well on the Zitong block in Sichuan, China. Gas from the well flowed at rates of up to...
Gastar Acquires Marcellus Property
Gastar Exploration has completed the acquisition of a Marcellus property in the Marcellus Shale, West Virginia, US. The $29m assets consist of around 250 million square metres of leasehold...
Sasol to Acquire 50% of Talisman Energy's Farrek Creek Asset
Sasol has signed an agreement with Talisman Energy to acquire a 50% stake in its Farrell Creek shale gas assets in the Montney basin, British Columbia, Canada. Under the $1bn agreement,...
Total, Suncor Form $1.7bn Alliance for Canada Oil Sands
Total E&P Canada and Suncor have formed a $1.7bn strategic oil sands alliance covering three assets in Alberta, Canada. Total will acquire 19.2% of Suncor's interest in the Fort...
Saipem Awarded $1.2bn Kuwaiti Oil and Gas Contracts
Saipem has won onshore oil and gas contracts worth over $1.2bn from Kharafi National and Dijla Petroleum. Kharafi National awarded Saipem the engineering, procurement and construction...
Total Acquires Interest in GLNG
Total has signed an agreement to acquire an additional 7.5% interest in Santos's Gladstone LNG (GLNG) project in Australia for $281m. The integrated LNG project consists of extracting...
Alberta Star Drills Second Canadian Well
Alberta Star Development has successfully drilled and cased a second well in its phase II drilling programme in Landrose, Saskatchewan, Canada. Phase II comprises three in-fill wells, with...
Unit Corporation Installs Gas Processing Plant in Texas, US
Unit Corporation subsidiary Superior Pipeline Company has completed the installation and start-up of the Lone Tree Gas Processing Plant in Texas, US. The Lone Tree Plant is a turbo...
Range Resources Marcellus Shale Exceeds Target
Range Resources Corporation's net production from the Marcellus Shale has exceeded its 2010 exit rate target of 200Mmcfe to 210Mmcfe a day. The firm said that production had averaged 212Mmcfe...
Strategic American Oil to Drill Well in Texas
Strategic American Oil Corporation has begun preparations for drilling at Koliba No 3 well in Texas, US, in which the company retained a 12.5% working interest. The combined leased acreage...
Repsol to Sell REFAP Stakes to Petrobras
Repsol is to sell its 30% stake in the Alberto Pasqualini Refinery (REFAP) in the state of Rio Grande do Sul, Brazil, to Petrobras. Under the terms of the agreement, Repsol will receive...
Shell to Sell South Texas Gas Fields to OXY
Shell is to sell a group of gas fields in South Texas, US, to Occidental Petroleum subsidiary OXY USA for $1.8bn. The fields include all Shell's gas-producing properties and related assets...
Valero Aruba to Restart LNG Refinery Units
Valero's Aruba Refinery has completed a plant-wide programme to restart refinery units within the next few days, following its July 2009 shutdown. To date the firm has spent over $90m for...
Milagro Buys North Texas Assets from RWG Energy
Milagro has purchased North Texas assets from RWG Energy, a wholly owned subsidiary of RAM Energy Resources for $43m. The assets acquired include 118 producing wells in Jack and Wise...
Gran Tierra to Acquire Block 95 in Peru
Gran Tierra Energy will acquire a 60% working interest in Global Energy Development's block 95 in Peru's Marañon Basin along with operatorship rights. Under the agreement, Gran Tierra...
Tethys Oil Tests Omani FS-5 Well
Tethys Oil has completed testing of the Farha South-5 well (FS-5) on block 3 as part of the Oman onshore 2010 drilling programme. FS-5 flowed at a rate of over 1,500bopd from a...
Beach Energy Confirms Thicker Gas Show
Beach Energy has determined that the shale interval in the Encounter-1 well in the Nappamerri Trough of the Cooper Basin, Australia, is thicker than anticipated. Logging data conducted...
Mainland Resources Captures Mississippi Shale Core
Mainland Resources has captured the core of the Haynesville Shale at its Burkley-Phillips #1 well on the Buena Vista prospect in Jefferson County, Mississippi, US. The firm captured a...
Alberta Star Begins Phase II Drilling of Saskatchewan Wells
Alberta Star Development has successfully drilled and cased its first well in its Phase II Drilling Program in Landrose, Saskatchewan in Canada. The firm's Phase II Program will consist...
Case, Nabobs to Commence Amazon Drilling Prospect
Case Oil and Gas has executed a drilling contract with Nabobs Drilling to use the Nabobs Rig 4 for the Marian Baker #1 well on the Amazon prospect. A 4,876m exploration test of...
Repsol YPF Discovers Huge Gas Find in Argentina
Repsol YPF has discovered significant non-conventional gas in the Neuquen basin in Argentina. The gas find is expected to hold 127Bcm, equivalent to four years' gas consumption in...
Petro-Reef Tests New Alexander Well
Petro-Reef Resources has successfully tested a new follow-up oil development well in its core area of Alexander in Alberta, Canada. The new follow-up oil development well tested at...
Petrominerales Tests Yenac-2 Well
Petrobank Energy and Resources' subsidiary Petrominerales has successfully tested its Yenac-2 well in the Casimena block of Central Llanos, Colombia. During the test, the well flowed at a...
Eni Boosts Production at Zubair Field
Eni has increased its production rate at the Zubair field in Iraq under the Zubair technical service contract with Iraq's South Oil Company. Eni is the lead contractor of the consortium,...
FormCap to Conduct Seismic Survey at Mexican Prospect
FormCap is to begin a seismic survey to confirm drill targets at its Weber City Prospect in New Mexico, US. To date, the firm has acquired 23.47 million cubic metres of oil and gas...
Ivanhoe Energy Drills Zitong Block Wells to Total Depth
Ivanhoe Energy's Zitong-1 and Yixin-2 wells on the Zitong block in south-west China have been successfully drilled to their total depths. At Zitong-1, the upper Xu2 sandstone was encountered...
Twin Butte Acquires Canadian Heavy Oil Assets
Twin Butte Energy has bought conventional heavy oil-producing assets primarily in the Frog Lake area of North Eastern Alberta, Canada, for $19.5m. The assets, which include wells and...
Ascent to Begin Drilling Pg-11 Evaluation Well in Slovenia
Ascent Resources has announced that it plans to begin drilling operations at its Pg-11 evaluation well in the Petisovci-Lovaszi project area in Slovenia later in December. Drilling...
Conoco Ships QG3's LNG Cargo to Canada
ConocoPhillips shipped the first cargo of liquefied natural gas (LNG) from the Qatargas 3 (QG3) joint venture to New Brunswick, Canada, on 25 November 2010, the company announced last week. ...
Nordic Production Receives Boost from CBM Wells
Nordic Oil and Gas' production has exceeded 100 barrels of oil equivalent a day from its natural gas and coal bed methane (CBM) wells in Alberta, Canada, as two wells resume production. ...
Strategic American Oil Begins Drilling on 3D Seismic Prospect
Strategic American Oil Corporation has begun drilling operations on its KMF 64-1 No 1, 3D Seismic prospect in Kenedy County, South Texas, US. KMF 64-1 No 1 is located on a 4.2 million...
Carrizo Announces Initial Production for Texan Wells
Carrizo Oil & Gas has drilled two Eagle Ford Shale wells from a common surface location in central La Salle County, Texas, US. The Mumme Ranch 10H, which was drilled with a...
Kodiak Completes Williston Basin Acquisition
Kodiak Oil & Gas has closed its acquisition of Williston Basin oil and gas-producing properties and an undeveloped leasehold located in North Dakota, US. The $110m acquisition...
Black Hawk Buys US Oil and Gas Leases
Black Hawk Exploration has purchased oil and gas leases covering approximately 10.3 million square metres of land in Cowley County, Kansas, US. The lease acquisition comprises a...
CAMAC Discovers Gas in China's Zijinshan Gas Asset
CAMAC Energy has discovered gas in the ZJS-02 well at the Zijinshan Gas Asset, which covers an area of 708 million square metres in the Ordos Basin in Shanxi Province, China. The well...
November 2010
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Petrobras Discovers New Oil in Brazil
Petrobras has discovered a new accumulation of light oil (46°API) in Tefe, in the state of Amazonas, Brazil. The extended well test indicated that the well is capable of producing...
Indonesia Awards Oil and Gas Production Contract to BP
BP has won a 100% interest in the North Arafura oil and gas production sharing contract (PSC), onshore Papua Province. The PSC was signed on Friday in Jakarta by representatives of...
Eni Signs Service Contract for Ecuador's Villano Oilfield
Eni has signed a new service contract with the Government of Ecuador for the Villano oilfield in block 10 in the Oriente Basin, which is located in the country's eastern region. Eni...
Beach Energy, ITOCHU to Open Australian LNG Facility
Beach Energy and ITOCHU have identified potential South Australian sites for a proposed mid-scale liquefied natural gas (LNG) facility. A memorandum of understanding between the companies...
OGX Maranhão Finds Gas in Brazil's Parnaiba Basin
EBX Group unit OGX Maranhão has identified the presence of gas in the onshore basin of Parnaiba, Brazil. The gas accumulation has been identified in the lower devonian section of...
Tap Energy Acquires Belait North 3D Seismic Survey
Tap Oil subsidiary Tap Energy has acquired the Belait North 3D Seismic Survey, which covers about 136km² in the central part of Block M in onshore Brunei. The processing of 3D seismic...
PTTEP NL to Acquire Interest in Canada Oil Sands
PTTEP Netherland (PTTEP NL) will acquire a 40% interest in the Kai Kos Dehseh (KKD) oil sands project in Canada under an agreement with Statoil Canada and Statoil Canada Holdings. ...
Genesis Energy Acquires 50% Interest in Cameron Pipeline
Genesis Energy has completed its acquisition of Valero Energy's indirect 50% equity interest in Cameron Highway Oil Pipeline Company for $330m. The acquisition, a joint venture that owns...
Bangladesh to Double Gas Production by 2015
Bangladesh Oil, Gas and Mineral Corporation Petrobangla will double its gas production by 2015 by extracting an additional 1.8 billion cubic feet per day. Petrobangla chairman Mohammad...
Flint Expands Presence into US Shale Gas Fields
Flint Energy has acquired assets worth $36m including property and equipment in five locations in the US, with three in East Texas, one in Louisiana and one in Oklahoma. The acquisition...
NNPC to Modernise Nigeria's Biggest Refinery
Nigerian National Petroleum Corporation (NNPC) is to upgrade and expand its Port Harcourt oil refinery. Port Harcourt is Nigeria's biggest refinery with a processing capacity of 210,000...
Energy XXI to Buy ExxonMobil Gulf of Mexico Assets
Energy XXI is to acquire Gulf of Mexico shelf oil and natural gas interests from ExxonMobil under a $1.01bn purchase and sale agreement. The interests include nine fields located between...
Osyka to Acquire Una West Oilfield
Osyka has signed a letter of intent to acquire the Una West Field in Victoria County, Texas, US, from Viper SWD. The field has two working wells producing a combined 20 barrels of oil a day...
Williams Partners Expands Marcellus Shale Assets
Williams Partners will acquire Cabot Oil & Gas Corporation's midstream assets in Susquehanna County, Pennsylvania, US, for $150m, which will increase its presence in the Marcellus Shale. ...
ExxonMobil to Pay for New York Oil Spill
ExxonMobil will pay $25m as part of a settlement to clean up an oil spill in New York, US. The settlement requires ExxonMobil to conduct a comprehensive clean-up of its Greenpoint facility...
Denbury to Sell Encore Energy Interest
Denbury Resources will sell its ownership interests in Encore Energy Partners (ENP) to Vanguard Natural Resources for $380m. Denbury's interest covers ownership of 100% of ENP's...
PAA to Acquire Bakken Oil Gathering and Transportation Assets
Plains All American Pipeline (PAA) has signed an agreement with Nexen Holdings to buy entities holding Bakken crude oil gathering and transportation assets. The $210m deal includes $170m...
CNOOC to Buy Chesapeake's Eagle Ford Assets
CNOOC will purchase a 33.3% undivided interest in Chesapeake Energy's 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas, US. Under the...
Oil Search Expands Papua New Guinea Portfolio
Oil Search has agreed farm-in terms in four new exploration licences – PPL 276, PPL 338, PPL 339 and PPL 312 – in Papua New Guinea. PPL 276, located west of the Pandora and Pasca gas fields,...
Repsol to Increase Peru Refinery Capacity
Repsol is looking to increase the processing capacity of its 102,000bpd La Pampilla oil refinery to meet surging demand for petrol. The firm is considering an expansion to 213,000bpd in...
KCA Deutag to Drill Shale Oil for Hess
Hess Oil France has awarded a €6.5m ($8.8m) drilling contract to KCA Deutag. The contract comprises the drilling of six firm wells in the Paris Basin permits, with two further...
AMB-Hertel Wins Ruwais Refinery Expansion Contract
AMB-Hertel has won an insulation and scaffolding contract from Samsung Engineering for the (Takreer) Ruwais refinery expansion project in Abu Dhabi, UAE. The $2.7bn, two-year contract...
GE, ZKMK to Produce Gas Turbine Production for Kazakhstan
GE Oil & Gas and engineering and manufacturing company JSC ZKMK will form a technology transfer and licensing partnership to enable ZKMK to build GE-10 advanced technology gas turbines...
Essar to Increase Indian Refinery Capacity
Essar Oil will enhance the capacity of its refinery in Gujarat, India, by two million tonnes, bringing its total capacity to 20 million tonnes per year. Essar will increase the capacity...
Total to Sell E&P Interest in Cameroon
Total is to sell its 75.8% equity in its upstream affiliate Total E&P Cameroon to Perenco. At present, production from the mature fields operated by Total in Cameroon reaches 40,000 barrels...
Chevron to Acquire Atlas Energy
Chevron will acquire Atlas Energy for $3.2bn and net debt of about $1.1bn, providing Chevron with an attractive natural gas resource position in southwestern Pennsylvania's Marcellus...
Cheniere to Sell Capacity to Morgan Stanley
Morgan Stanley will acquire a 20% capacity share from Cheniere Energy Partners' proposed Sabine Pass LNG terminal in Louisiana, US. The terminal is expected to produces seven million...
East West Petroleum, Kuwait Energy to Collaborate
Canada's East West Petroleum will use its unconventional oil and gas technology services on Kuwait Energy's concessions in the Middle East, North Africa and Eurasia regions under a new agreement. ...
Shell to Sell Woodside Petroleum Stake
Shell subsidiary Shell Energy Holdings Australia (SEHAL) will sell 29.18% of its interest in Woodside Petroleum. The sale will include 78.34 million shares in Woodside and 10% of...
US Signs Shale Gas MoU with India
The US has signed a memorandum of understanding (MoU) with India for cooperation in sourcing shale gas in the country. "The MoU will help India identify shale gas resource in the country...
Apache Closes Acquisition of BP Assets
Apache has completed its $650m acquisition of BP's oil and gas operations in Egypt's Western Desert. The acquisition includes four development leases and one exploration concession...
Murphy to Hold Interest in New Kurdistan Acreage
Murphy Central Dohuk Oil, a Murphy Oil subsidiary, has finalised an agreement with the Kurdistan Regional Government to acquire an interest in the Central Dohuk block. Murphy will operate...
Oceaneering to Supply Umbilicals for BC-10 Phase II
Oceaneering International will supply umbilicals for the development of BC-10 Phase II in the Campos Basin, offshore Brazil, to the BC-10 Consortium, which is operated by Shell. The...
Statoil Applies for Barents Sea, Norwegian Sea Licences
Statoil has applied for new production licences in the Barents Sea and the Norwegian Sea in the 21st licensing round on the Norwegian Continental Shelf (NCS). A total of 51 blocks were...
Sinopec to Increase Oil Refining Volume
China Petroleum & Chemical Corp (Sinopec) will increase its daily oil processing to 583,000ta day, up 10% on the previous year and exceeding the October record by 5,900t a day. ...
San Leon Expands Polish Shale Gas Conscession
San Leon subsidiary Oculis Energy has expanded a concession for oil and gas reconnaissance and exploration, as well as its mining usufruct agreement, after submitting an application to the...
Copano to Provide Fractionation Services to GeoSouthern
Copano Energy will provide gathering, compression, processing and fractionation services to GeoSouthern Energy for its Eagle Ford Shale production from DeWitt County in Texas, US. Copano...
RAM Energy Sells North Texas Gas Assets
RAM Energy Resources has divested its North Texas Barnett Shale and Boonsville properties to a private E&P company for $43.75m. The assets include RAM's interest in its shallow gas...
Americas Petrogas to Explore Argentine Shale Gas Block
Americas Petrogas has signed an agreement with Apache Energia Argentina to explore the Huacalera block in the western region of Argentina's Neuquen Basin. The block contains conventional gas...
Geo Point Technologies Acquires Kazakh Refinery
Geo Point Technologies has bought GSM Oil Holdings, a limited liability company in Cyprus, through a share exchange agreement. GSM recently acquired Sinur Oil, a limited liability...
Terraseis Wins Lukoil 3D Sesmic Contract
Russia's Lukoil has awarded Terraseis a 3D seismic contract for Iraq's West Qurna Phase 2 oilfield. Terraseis has performed seismic exploration in Iraq since 2005 and possesses...
BG Group Approves Queensland LNG project
BG Group has approved the first phase of the Queensland Curtis Liquefied Natural Gas (QCLNG) project following Australian Federal and State Government environmental approvals. Phase I covers...
Max Petroleum Drills Well in Kazakh Block
Max Petroleum has drilled the UTS-1 exploration well on the Uytas prospect in block A in Kazakhstan to a total depth of 827m. The well data indicates potential pay zones in the well,...
Iran to Offer Bonds for South Pars Gas Field Development
Iran will offer bonds worth a total of IRR238.9tn ($2.3bn) to the public to fund the phase II development of the South Pars gas field. Iran and Qatar are jointly developing the South Pars...
October 2010
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Petroamerica to Buy Interests in Llanos Basin Blocks
Petroamerica Oil will acquire participating interests in four exploration blocks in the Llanos Basin of Colombia from Talisman Oil & Gas. Petroamerica will pay $18m to Talisman and...
GeoPetro Spuds New Well
GeoPetro Resources has successfully began drilling operations at the Lea 1 exploration well in the Cook Inlet of Alaska. The prospect was identified by GeoPetro after the firm reprocessed...
Berry Petroleum to Buy Wolfberry Oil Assets
Berry Petroleum has signed agreements with a group of sellers to acquire their interests in properties on 9,300 net acres in the Wolfberry trend in West Texas, US, for a total value of...
Valero to Sell Cameron Highway Oil Pipeline Stake to Genesis
Valero Energy will sell its 50% indirect equity interest in the Cameron Highway Oil Pipeline to Genesis Energy for $330m. The firm has owned its interest in Cameron Highway since the Gulf...
Ausmon, Sakhalin to Build Refinery Project
Ausmon Resources will collaborate with the Sakhalin Region of the Russian Federation to invest in the development of an oil refinery. Ausmon selected JSC Sakhalin Oil Refinery to build...
PG&E to Upgrade Natural Gas Pipeline Network
US-based Pacific Gas and Electric Company (PG&E) is assessing its transmission pipeline system and considering an upgrade of several hundred gas valves in case of an accidental gas...
Santos to Supply Gas to GLNG
Santos will supply 750 petajoules of gas from its eastern Australian gas portfolio to the GLNG project. The existing uncontracted Cooper Basin 2P reserves will be the primary supply...
Gulfsands Hits Oil at Khurbet East-18 Well
Gulfsands Petroleum has struck oil reservoirs in the Khurbet East-18 (KHE-18) vertical delineation well, 12m higher than expected. The top of the Cretaceous reservoir is at a 1,926m...
CNOOC to Build New LNG Terminal
China National Offshore Oil Corporation has begun building its fourth liquefied natural gas terminal in the Chinese city of Zhuhai to meet increasing demand. The terminal will receive...
GLNG Project Gets Environmental Approval
The GLNG project has received environmental approval from Australia's federal government. The project is a joint venture between gas producer Santos and LNG firms Petronas and Total. ...
Marathon Gains Acreage in Iraqi Exploration Blocks
Marathon Oil has acquired a position in four exploration blocks in the Kurdistan Region of Iraq. The firm signed production sharing contracts for operatorship and an 80% ownership in...
Novatek Arctic Gas Explosion Kills One, Injures 12
A valve has exploded at a Novatek gas processing plant in Russia's Arctic Yamal-Nenets region, leaving one worker dead and 12 injured. The operations building was destroyed in the...
Eagle Rock Starts Up Phoenix Plant
Eagle Rock has begun commercial operations at the recently installed Phoenix processing plant in the Texas Panhandle, US. The firm also completed the acquisition of natural gas gathering...
Foster Wheeler to Service Egyptian Petrochemical Unit
Foster Wheeler will provide project management consultancy (PMC) services to Carbon Holdings for a petrochemical complex in Ain Sokhna, Egypt. The petrochemical unit has a capacity to...
Lake Oil, PetroChina to Study Australian Tight Gas
Lakes Oil and PetroChina Company's subsidiary Research Institute of Petroleum Exploration and Development-Northwest (RIPED) have entered into a research agreement to study the development of...
Energy Transfer to Construct Texas Natural Gas Pipelines
Energy Transfer Partners has entered into multiple long-term agreements with shippers to provide transportation services from Eagle Ford Shale in South Texas, US. The company will construct...
Iran Oil Production Unaffected by Sanctions
Iran may increase its oil reserves and its hydrocarbons sector is not affected by international sanctions, according to the country's oil minister. Iran's Oil Minister Masoud Mirkazemi said...
Turkmenistan to Receive $4bn Foreign Energy Investment
Turkmenistan expects to attract over $4bn in foreign energy investments this year, according to a government official. Turkmenistan's state agency for hydrocarbon resources representative...
Poland Shortens Russian Natural Gas Contract
Poland will not extend its contract to increase imports of natural gas from Russia until 2037. Both countries had agreed to increase annual gas deliveries from Russia by an average of...
Apache Completes BP Canada Asset Acquisition
Apache Canada, a subsidiary of Apache Corporation, has completed its acquisition of all of BP's upstream natural gas assets in western Alberta and British Columbia, Canada. The assets have...
Petrofac Wins UAE Gas Plant Deal
The Sharjah Government, UAE, has awarded Petrofac a contract to take over the operations and facilities management of the Sajaa Gas Plant and its associated assets. Petrofac won the...
Gulf Coast Fractionators to Expand Liquids Facility
Gulf Coast Fractionators is planning to expand the natural gas liquids fractionation capacity of its Mont Belvieu facility in Texas, US. The capacity will be expanded to 145,000 barrels per...
Iraq to Hold Gas Field Auction
Iraq's Oil ministry will initiate its third energy auction to develop three gas fields on 20 October 2010. The fields will meet the country's growing need for natural gas to feed upcoming...
Qatargas to Supply LNG to Repsol
Qatargas has signed an agreement with Repsol Energy Canada to supply liquefied natural gas (LNG). The agreement involves Q-Max deliveries from the Qatargas 3 project and the LNG will...
Petrobras Finds Natural Gas in Peru
Petrobras has confirmed a new natural gas discovery in Peru. The discovery is the outcome of drilling conducted at its exploratory well Picha 2X at a depth of 4,400m and is the second...
CNOOC to Acquire Interest in Eagle Ford Shale Project
CNOOC has signed an agreement with Chesapeake Energy Corporation to acquire a 33.3% stake in Chesapeake's 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project...
GDF Signs Gas Supply Deal with CNOOC
China National Offshore Oil Company subsidiary CNOOC Gas and Power Group has signed an agreement with GDF Suez SA to buy 2.6 million tonnes of liquefied natural gas (LNG). Under the...
Lebanon to Offer Bids for First LNG Pipeline
Lebanon will offer bids next month to build its first liquified natural gas (LNG) pipeline. The project is part of the country's plan to link power stations along the coast, aiming to revamp...
Plains to Acquire More Eagle Ford Assets
Plains Exploration & Production Company (PXP) will acquire interests in about 60,000 net acres in the Eagle Ford oil and gas condensate windows in South Texas for $578m. The Eagle...
ArcLight to Acquire Stake in OGE Energy Midstream Assets
ArcLight Capital Partners will acquire a 9.9% equity stake in Enogex, an OGE Energy Resources midstream natural gas pipeline subsidiary. The $183m transaction will enable ArcLight to...
Anschutz to Sell-off Appalachian Oil and Gas Assets
Anschutz Exploration Corporation (AEC) will sell-off the Appalachian portion of its oil and gas properties to an undisclosed buyer. The assets include producing oil and gas properties and...
Essar Energy Looks for Overseas Facilities
Indian refiner Essar Energy may acquire storage facilities or an overseas refinery to support its fuel exports. The capacity addition at its Indian refinery Vadinar will enable it produce...
Eagle Rock to Acquire Texas Complementary Gathering System
Eagle Rock Energy Partners will acquire natural gas gathering systems in the counties of Wheeler and Hemphill, Texas, US, from Centerpoint Energy Field Services. The assets, in the...
GE Oil & Gas, Allied Wireline to Partner for Wireline Logging
GE Oil & Gas and Allied Wireline Services have signed a long-term partnership agreement to serve the global wireline logging industry. According to the agreement, Allied will buy a range...
Chesapeake Energy Sells Barnett Shale Assets
Chesapeake Energy has sold its producing assets in the Barnett Shale to an affiliate of Barclays Bank for $41.15bn. The assets include a five-year volumetric production payment (VPP) of...
Antero Resources to Sell Oklahoma Midstream Assets
Antero Resources will sell its midstream assets in the Woodford Shale area of the Arkoma Basin of Oklahoma, US, to affiliates of Cardinal Midstream for $268m. Under the agreements Antero...
Quad Energy to Acquire Luxur Resources
Quad Energy will acquire a 50% working interest in Luxur Resources as part of a new deal. The working interest covers a total of 11,360 acres of long-term gas production in the...
Iraq's Proven Oil Reserves Rise
Iraq has announced an increase in the official size of its proven oil reserves estimated at 143.1 billion barrels of oil from 115 billion barrels. Iraqi Oil Minister Hussein al-Shahristani...
TAG Finds Light Oil in Taranaki Basin
TAG Oil has made a new oil discovery in New Zealand's Taranaki Basin with the Sidewinder-1 exploration well in its Broadside exploration permit PEP 38748. The Sidewinder-1 well was drilled to...
GDF Suez to Supply LNG to Kogas
GDF Suez has signed an agreement with South Korea's Kogas to deliver 41 cargoes of LNG to the firm. Under the medium-term agreement GDF will deliver a total volume of 2.5 million tonnes of LNG....
Enbridge to Expand Canadian Oil Terminal
Enbridge will expand the tankage of its mainline terminal at Edmonton, Alberta, Canada, by one million barrels, which is expected to cost about $260m. The expansion will enable the firm...
PBF to Acquire Valero's Paulsboro Refinery
PBF Holding Company will acquire Valero Energy's refinery in Paulsboro, New Jersey, US, a connecting pipeline and related assets for $180m. Paulsboro is a high conversion, heavy crude...
September 2010
Top
Interoil, Energy World to Build LNG Plant
InterOil, Liquid Niugini Gas and Pacific LNG Operations have signed an agreement with Energy World Corporation to build a liquefied natural gas (LNG) plant in Papua New Guinea. The...
Petroplus to Exit PBF Energy
Petroplus Holdings, Blackstone Group and First Reserve will sell off Petroplus' 33% share of their joint venture PBF Energy. Petroplus chairman of the board of directors Thomas O'Malley...
Leni Spuds Oil in Spanish Well
Leni Gas & Oil has encountered oil in the Hontomin-2 well in northern onshore Spain at 1,350m with oil flowing to the surface. The Hontomin extended well test programme aims to appraise...
OGX Completes Well Test in Campos Basin
OGX has completed a well test at the Inga prospect in the shallow waters of the Campos Basin. The Cased Hole Drillstem Test in the 1OGX18RJS well, located in the BMC40 block, confirms...
Kulczyk Oil Spuds Brunei Exploration Well
Kulczyk Oil Ventures has begun drilling the Markisa-1 well on block M in Brunei Darussalam. Markisa-1 is the second well to be drilled on block M during 2010 by Kulczyk Oil and its joint...
KNOC Acquires Majority Stake in Dana
Korea National Oil Corporation (KNOC) has won control over Dana Petroleum in a £1.87bn ($2.9bn) hostile takeover. KNOC acquired control of 64.26% of Dana's stock with its 1,800...
Enterprise to Supply Midstream Services to Andarko
Enterprise Products Partners will supply natural gas services to Anadarko Petroleum for its natural gas production in Eagle Ford Shale, Texas, US. Enterprise will provide a comprehensive...
ONGC Makes Indian Gas Discoveries
India's Oil and Natural Gas Corporation (ONGC) has made two natural gas discoveries in the nominated PEL blocks in India. The first discovery is in the KG basin where a well was drilled to...
Romania Extends Regal's Barlad Petroleum Licence
The Romanian Government has extended Regal's licence for petroleum exploration, development and production in Barlad block EV-2 in north-east Romania for another two and a half years. ...
Excelerate Energy to Develop Argentinean LNG Terminal
Excelerate Energy will develop a second liquefied natural gas (LNG) importation facility in partnership with a consortium of ENARSA and YPF in Escobar near Buenos Aires, Argentina. The...
Russia, China to Build Oil Refinery
OAO Rosneft, Russia's largest oil producer, and China National Petroleum will jointly build a $5bn refinery in China. A feasibility study for the refinery in Tianjin is expected to be ready...
Chubu Electric to Buy Indonesian LNG
Japanese utility Chubu Electric Power will buy liquefied natural gas (LNG) from the Donggi-Senoro project in Sulawesi, Indonesia. Chubu intends to buy one million tonnes per year of LNG for...
Lukoil Issues Tenders for Iraq Oilfield
Lukoil and its partners have issued four new tenders for construction and energy projects at Iraq's West Qurna Phase Two oilfield. The tenders are for the construction of an oil export...
Miranda Gold, Ramelius to Work on Nevada Project
Miranda Gold has signed an agreement to form a joint venture with Ramelius Resources for its Angel Wing project in Nevada, US. Under the terms of agreement Ramelius will initially fund $4m...
Devon to Begin Third Phase of Jackfish Oil Sands Project
Devon Energy will move forward with third development project on its Jackfish oil sands leases in Alberta following approvals from the firm's board. Devon plans to start work on facilities...
Gran Tierra to Expand Peru Operations
Gran Tierra Energy will farm into three blocks operated by Burlington Resources Peru, a subsidiary of ConocoPhillips. Under the agreement Gran Tierra will acquire a 20% working interest...
Iraq, Turkey Extend Oil Pipeline Deal
Iraq and Turkey have signed an agreement to extend the operation of an oil pipeline that transports a major portion of Iraq's crude exports. The 970km Kirkuk-Ceyhan pipeline carries oil...
Tag Oil Acquires Onshore Discoveries in New Zealand
Tag Oil has announced that it has acquired a petroleum mining permit, containing the Cardiff gas and condensate discoveries located in the Taranaki Basin, New Zealand. The Cardiff structure is...
GeoGlobal and Petro Caribbean to Jointly Explore Columbia
GeoGlobal Resources said it has signed an agreement with Petro Caribbean Resources for jointly conducting oil and natural gas exploration and development activities in Colombia. The...
Geopark Drills Oil Well in Chile
GeoPark Holdings has successfully drilled and tested a new well in the Guanaco oil field on the Fell block in Chile. The firm drilled and completed the Guanaco 4 well to a total depth of...
Siemens to Supply Components for Chinese Gas Pipeline Projects
Siemens will supply components for the Shanjing III Yangqu station in Shanxi province and the gas pipeline project Jining in East China for the China National Petroleum Corporation (CNPC). ...
Tap Oil Encounters Gas in Marwar-1 Oil Well
Tap Oil has announced that gas has been encountered in Marwar-1 well in Block M, onshore Brunei Darussalam. The firm drilled the Mawar-1 well to its total depth of 1,292m and completed...
Athabasca to Acquire Excelsior Energy
Athabasca Oil Sands (AOSC) will buy oil sands company Excelsior Energy for $144m. AOSC will acquire concentrated, high-quality oil sands leases at Hangingstone and West Surmont, and...
Willbros Awarded CB&I EPC Contract
Willbros Group will provide engineering, procurement and construction (EPC) for 45 miles of export pipelines for a new gas processing plant to be owned and operated by Occidental of Elk...
Providence Starts Drilling at Singleton
Providence Resources has started drilling operations as part of its 2010 drilling programme at the Singleton oilfield in UK. The Singleton field in the Weald Basin produces 800boepd from...
Carrizo, Reliance Close Marcellus Shale Joint Venture
Carrizo Oil & Gas and Reliance Industries have closed a previously announced joint venture transaction in the Marcellus Shale. Under the transaction Reliance acquired a 20% interest...
Murphy Oil Acquires New Canadian Acreage
Murphy Oil has entered into an agreement with Kainaiwa Resources to acquire 202 sections of prospective oil and gas properties within the Blood Tribe Reserve in southern Alberta, Canada. ...
Tethys, UNG to Study Uzbekistan Hydrocarbon Recovery
Tethys and UNG have signed a deal to conduct joint studies to improve hydrocarbon recovery on long-term production fields in Uzbekistan. The contract will have a similar contractual...
Target Energy to Drill East Chalkley Field
Target Energy plans to start drilling the Pine Pasture #3 development well at its East Chalkley oilfield in Cameron Parish, Louisiana, US. The firm will drill up to a total depth of...
Inergy to Acquire Texan Natural Gas Storage Facility
Inergy is to acquire Tres Palacios Gas Storage, which owns the Tres Palacios natural gas storage facility, for $725m in Texas, US. The facility is a salt dome natural gas storage unit with...
Enbridge to Serve Sunrise Oil Sands Project
Enbridge has won a contract worth $475m to provide pipeline and terminal services for the proposed Sunrise Oil Sands Project to be operated by Husky. Enbridge will build a new...
Central Petroleum Finds Oil at Johnstone West-1
Central Petroleum has found significant oil shows in the Johnstone West-1 well (JW-1) in Australia. The firm also recorded oil shows from the interpreted Ordovician Larapinta Group over a...
Azerbaijan to Increase Natural Gas Supply to Russia
The State Oil Company of Azerbaijan Republic (SOCAR) will increase the volume of natural gas that it supplies to Russia under a new addition to an existing contract with Gazprom. The two...
Petrom Sells Russian Exploration Assets
Petrom has sold its 74.9% stake in Ring Oil to its minority partner Mineral and Bio Oil Fuels. Petrom executive board member Johann Pleininger said that the company decided to divest...
Halliburton to Service Eni Iraq field
Eni has awarded Halliburton a contract to redevelop the Zubair field in southern Iraq. The firm will perform services such as wire-line logging, perforating, acidising and well testing on...
Husky Energy Acquires Canadian Natural Gas Assets
Husky Energy will acquire natural gas properties in west central Alberta, Canada, to increase its production and reserves to extend use of its Ram River Gas Plant. The acquisition will add...
Takreer Awards Pipeline Project to GS Engineering
Abu Dhabi Oil Refining Company (Takreer) has awarded a $623m contract to GS Engineering & Construction for an inter-refinery pipeline project. The pipeline network will connect...
Tullow Acquires Interest in African Oil Blocks
Tullow Oil has acquired a 50% operated interest in six adjacent licences covering the East African Rift Basins of Kenya and Ethiopia, an area of 97,000km². In an agreement with...
Enterprise to Provide Midstream Services to EOG
Enterprise Products Partners will provide midstream energy services for EOG's growing crude oil and associated liquids-rich natural gas production in Eagle Ford Shale in South Texas, US. As...
Thunderbird to Farm Out Wyoming Oil Acreage
Thunderbird Energy will farm out roughly 50% of its Wyoming oil project acreage in Weston County to Ascent Exploration. The project is located in a prolific oil and gas-producing area of...
BP to Sell Malaysian Business to Petronas
BP plans to sell its ethylene and polyethylene production interests in Malaysia to Petronas for $63m. BP holds a 15% interest in Ethylene Malaysia (EMSB) and a 60% interest...
Santos, Apache to Develop Halyard Gas Supplies
Santos and Apache Energy are to provide new gas supplies for the Western Australian domestic market by developing and producing gas from the Halyard field. The two firms will complete and...
Hardy Announces Fourth India Gas Discovery
Hardy Oil and Gas has made its fourth successive gas discovery in the exploration block KG-DWN-2003 / 1 (D3) of NELP-V in the Krishna-Godavari basin, India. The fourth exploration well in...
Russia Opens ESPO Pipeline Section
Russia has opened its section of the Eastern Siberia-Pacific Ocean (ESPO) oil pipeline, which will boost oil exports to China from East Siberia. Russian Prime Minister Vladimir Putin said...
Gran Tierra to Acquire Interests in Brazil
Gran Tierra Energy will receive a 70% working interest in blocks REC-T-129, 142, 155 and 224 in the onshore Reconcavo Basin, Brazil, under an agreement with Alvorada Petroleo. Gran...
August 2010
Top
KBR Wins Iraq Maissan Refinery Deal
KBR has won two contracts from the Iraqi Ministry of Oil through the South Refineries Company for the country's Maissan Refinery. KBR will provide licensing and basic engineering services...
Kulczyk Begins Drilling Brunei Exploration Well
Kulczyk Oil Ventures has started drilling the Mawar-1 well in block M in Brunei Darussalam. Mawar-1, the first well to be drilled in block M since 1988, has an initial target depth of...
Enbridge to Expand Bakken Pipeline Capacity
Enbridge plans to raise the capacity of its Bakken crude oil pipeline by 145,000 barrels a day with an investment of about $550m to deal with the oil-rich formation's growing production. ...
Shell to Sell Heide Refinery to Klesch
Shell is to sell its Heide refinery and associated chemicals, bitumen and distribution infrastructure in Germany to Klesch & Company. The refinery has a processing capacity of...
Peak Takes Sun Resources Interest in Thai Block
Sun Resources has signed an agreement to subcontract a 20% working interest in block L20 / 50 in Thailand to Peak Oil & Gas. Peak will carry up to $3.43m of Sun Resources' share of...
Peru to Limit LNG for Export
Peru has signed a decree to earmark all natural gas from block 88 in the Camisea field for domestic use. The decree authorises the Peruvian Government to negotiate with the...
Regal Drills Romanian Exploration Well
Regal Petroleum has begun drilling the E-1 Sagna exploration well in its Barlad concession in Romania. E-1 Sagna is being drilled on the basis of an expanded network of 2D seismic profiles...
Rasgas Delivers First LNG to Portugal
Qatar's Ras Laffan Liquefied Natural Gas has delivered its first cargo of LNG to Portugal. The cargo was delivered to Galp Energia SGPS at the Sines LNG terminal onboard Al Deebel, according...
Baird Gas Project Gets Approval
The Baird Gas Storage Project, a joint venture between Centrica Storage and Perenco UK, has been granted onshore planning permission by North Norfolk District Council. The project, which...
Fenno Caledonian to Explore Block in Sudan
Sudan has signed a $30m deal with Fenno Caledonian to explore block 10 in the north-east of the country for possible gas or crude oil. The Finnish firm will invest an initial $30m in...
Cairn India to Sell Stake to Vedanta
Cairn Energy has announced plans to sell off a 51% stake in its India business, Cairn India, to Vedanta for around $8.5bn. Cairn India, which discovers, develops and produces oil and...
AMEC to Expand EDF Gas Storage Facility
AMEC will extend a gas storage facility for EDF Energy in Cheshire, UK, worth over £60m ($93.5m). For the Hill Top Farm facility AMEC will design, install and commission the filtration...
Wood Group Business to Expand Ecopetrol's Pipeline Capacity
Wood Group company Mustang will provide pipeline engineering and related services to Ecopetrol to optimise Colombia's oil and gas production capacity and safety. Initially, the firm will...
CNPC to Store Gas in Tianjin Field
China National Petroleum Corporation (CNPC) has approved a drilling plan for its gas storage station in the Tianjin Dagang Oil Field. The station, with a storage capacity of two billion...
Kulczyk Oil Spuds Ukraine Exploration Well
Kulczyk Oil Ventures has started drilling the M-19 well in Ukraine, the first to be drilled since its acquisition of a 70% interest in KUB-Gas in June 2010. The M-19 well, which is...
Saibu Gas Gets First Sakhalin II LNG Delivery
Japan's Saibu Gas has received its first delivery of liquefied natural gas (LNG) from Russia's Sakhalin II export project. LNG carrier Sun Arrows, which was loaded with 8,500t of LNG,...
Nigerian State, NNPC Plan New Oil Refinery
Nigeria's southern state of Imo and national oil company NNPC are planning to build a new oil refinery in the area. The Imo state government is to go into a strategic partnership with NNPC...
RAK Petroleum to Farm-out Oman Block to Repsol
RAK Petroleum will farm-out a 50% interest in Block 47 onshore Oman to Repsol Exploracion, subject to Government approval. The two firms will drill the Zad prospect and spud a well in...
Expro Wins Algerian Well Test Deal
Expro has won a well-testing contract in south-west Algeria from an undisclosed customer. The contract will see Expro provide specialist well-testing services and equipment on up to nine...
Noble Energy Sells Non-Core US Assets
Noble Energy has announced the completion of the sale of some of its Mid-Continent and Illinois basin assets. The firm sold its onshore assets for $552m to Citation Oil & Gas. ...
Iberdrola to Deliver LNG to Dong Energy
Iberdrola will deliver LNG equivalent to about one billion cubic metres of natural gas per year to renewables energy specialist Dong Energy under a new agreement. Iberdrola will supply LNG...
Apache Acquires BP's Permian Basin Assets
Apache Corporation has completed the acquisition of BP's oil and gas operations, acreage and infrastructure in the Permian Basin of West Texas and New Mexico for $3.1bn. Apache has acquired...
Eni USA to Receive LNG Services from Barclays Capital
Eni USA Gas Marketing and Barclays Capital have entered into a multi-year LNG supply, marketing and optimisation arrangement. Eni USA has significant capacity and storage rights at the...
ERC to Develop Cairo Refinery
The Egyptian Refining Company (ERC) has signed a debt package of $2.6bn to finance the development of its $3.7bn second-stage oil refinery in the Greater Cairo area. Once complete, the...
Circle Oil Tests Al Amir Well for Production
Circle Oil has successfully tested the Al Amir 1-ST2 well, originally drilled in 2008, for production. The Egyptian well's initial flow rate was 278bopd on a 128 / 6in choke. The...
Nabors to Buy Superior Well Services
Nabors Industries will purchase Superior Well Services for $900m, which includes $735.6m in cash and the remaining covering assumed debt. Bermuda-based Nabors Industries plans to purchase...
Eni Sells Padana Energia to Gas Plus
Eni has signed an agreement with Gas Plus to sell its 100% stake of Padana Energia for €175m to optimise its operating efficiencies in Italy. Padana Energia holds exploration...
Sudan Signs Oil Exploration Deal with European Firms
Sudan has signed a new onshore exploration deal for the 50,000km² block E with two European firms. Star Petroleum, based in Luxembourg, holds a 75% share in the block along...
Kuwait to Export Gas Oil to Egypt
Kuwait Petroleum Corporation (KPC) will export gas oil to Egypt for a period of three years, the company announced. Abdulatif Al-Houti, KPC's managing director for international...
Thai Oil Considers Refinery Expansion
Thai Oil is studying a refining capacity expansion worth about $300m, according to CEO Surong Bulakul. The oil-refining arm of the energy firm plans to seek approval from its board for...
Reliance, Carrizo Enter Joint Venture
Reliance Industries has signed definitive transaction agreements to enter into a Marcellus Shale joint venture with Carrizo Oil & Gas. Under the contract Reliance will acquire a...
Foster Wheeler Gets Uruguay's First LNG Receiving Terminal Contract
Foster Wheeler has won an engineering contract for a new LNG receiving terminal in Montevideo, Uruguay from state-owned oil company, Administración Nacional de Combustibles, Alcohol y...
Magnolia Petroleum Announces Drilling of North Dakota Wells
Magnolia Petroleum has announced that all five wells located in North Dakota have successfully been drilled and completed by Marathon. The wells were recently farmed out to Hangtown...
Ecopetrol, Talisman to Buy BP's Colombian Oil and Gas Assets
A consortium of Ecopetrol and Talisman will buy BP's oil and gas exploration, production and transportation business in Colombia for $1.9bn. The firms will pay BP for 100% of the shares in...
Beach Energy to Expand Presence in Egypt
Beach Energy will acquire a stake in two highly prospective Egyptian onshore concessions, which will give it exposure to new oil exploration opportunities. Beach will gain a 22% stake in the...
Delta Sells Oil and Gas Assets to Wapiti
Delta Petroleum has completed the sale of its oil and gas exploration and development assets to Wapiti Oil and Gas for $130m. The non-core assets sold include Delta's 31% working interest in...
Chesapeake Energy Raises Production Outlook
Chesapeake Energy has predicted natural gas production to rise 13% this year, up from its May forecast of 10%. The firm expects production to rise 18% in 2011, the high end of its...
Seplat Buys Nigerian Oil Mining Licences
French company Seplat Petroleum Development Company has acquired a 45% stake in oil mining licences (OMLs) in Nigeria from Shell, Total and Agip. The firm is expecting a global production...
Enbridge to Acquire Atlas Elk IT System
US-based Enbridge Energy Partners will acquire the Elk City gathering and processing system (ECOP) from Atlas Pipeline Partners for $682m. The ECOP comprises 800 miles of natural...
Samson to Sell Stake in Goshen County Project
Samson Oil and Gas has signed an agreement with an undisclosed US partner to sell 24,166 acres of its 40,240-acre holdings in Goshen County in Wyoming, US, for up to $79m. The Goshen...
July 2010
Top
Hess to Acquire American Oil & Gas
Hess will acquire American Oil & Gas in an all-stock deal worth $450m to increase its holdings in the oilfields of North Dakota, US. The purchase will boost Hess' strategic acreage...
Petrofac to Build Kuwait Oil Pipeline
Petrofac will build fuel gas and gas oil pipelines for Kuwait Oil Company under a KD116.39m ($400m) contract. The project, which will take almost two years to complete, will include...
Oneok to Expand Sterling NGL Pipeline
Oneok Partners plans to install seven additional pump stations for about $36m along its Sterling I natural gas liquids (NGL) distribution pipeline. The additions will increase its capacity...
KMG Increases Oil Output
KazMunaiGas Exploration Production (KMG) increased its crude oil output by 11% year-on-year during the first half of 2010 after acquiring a stake in oil firm PetroKazakhstan. KMG...
Tullow Acquires Heritage Ugandan Assets
Tullow Uganda has completed a $1.35bn acquisition of a 50% interest in blocks owned by Heritage Oil & Gas in Uganda. All assets were transferred to the firm following government...
Murphy Oil to Sell Refineries
Murphy Oil's board of directors has approved plans to sell its US and UK refining businesses. The three refineries up for sale are at Superior, Wisconsin, Meraux, Louisiana, and Milford...
Delta Petroleum to Sell Assets
US-based Delta Petroleum will sell some of its non-core assets to Wapiti Oil & Gas for $130m, under a new agreement. The sale will include Delta's 31% working interest in the...
Iran Unveils New Cross Country Gas Pipeline
Iran's seventh cross country gas pipeline for the Iran-Pakistan-India (IPI) gas pipeline project is now in operation. The 902km pipeline is the first phase of the proposed IPI gas...
ConcocoPhillips Scraps Wilhelmshaven Refinery Upgrade
ConocoPhillips has cancelled plans to upgrade the Wilhelmshaven refinery in Germany. The refinery, which is situated in northwest Germany, has a capacity of 15.1 million tonnes of crude feed...
FERC Approves Pascagoula Expansion Project
US-based Federal Energy Regulatory Commission has approved a proposal to connect Florida Gas Transmission Company (FGTC) and Transco natural gas pipeline systems with the new Gulf LNG Clean...
Copano Energy Raises Funds for US Expansion
Copano Energy has issued $300m of convertible preferred equity to an affiliate of TPG Capital, a leading global private investment firm to fund its expansion plans. Copano plans to use...
Elliott to Provide Compressors for Habshan 5 Plant
Elliott Group will supply compressor trains for the Habshan 5 process plant, part of Abu Dhabi Gas Industries' integrated gas development project in Ruwais, Abu Dhabi, UAE. The contract for...
BP to Sell Upstream Assets to Apache
BP plans to sell its upstream assets in Canada, Egypt and the US to Apache Corporation in several contracts totalling $7bn. The deals comprise BP's Permian Basin assets in Texas and...
Chevron, Kogas Sign Wheatstone LNG Deal
Chevron is to deliver liquefied natural gas (LNG) to Korea Gas Corporation (Kogas) from its Wheatstone natural gas project in Australia under a new agreement. According to the Heads of...
Foster Wheeler to Service Norway's Kårstø Project
Foster Wheeler will provide front-end engineering design (FEED) services to support the development of the Kårstø oil and gas processing plant in Norway through to 2013. The...
Occidental, Pertamina Mull Sonangol's Iraqi Oilfields
Occidental Petroleum and Pertamina are contemplating taking stakes in Sonangol's two Iraqi oilfield projects. Sonongal is looking for international partners to help develop the fields. J...
Qatargas Delivers First Q-Max LNG to Japan
Qatargas has delivered its first Q-Max cargo of liquefied natural gas (LNG) to Chubu Electric's Chita Terminal in Japan. The firm deployed one of its Q-Max LNG carriers, Mozah, for the...
Kuwait Petroleum to Invest in Java Refinery
Kuwait Petroleum (KPC) will invest $8bn-$9bn on a new 300,000bpd oil refinery on Indonesia's Java island. Indonesian Industry Minister MS Hidayat told Reuters that KPC and Indonesia's...
Foster Wheeler to Manage UAE Oilfield
Global Engineering and Construction Group Forster Wheeler will provide project management consultancy services for the development of the Bida Al Qemzan oilfield in the UAE. Under the...
Spectra Acquires Haddington's Bobcat Gas Storage
Spectra Energy will buy the Bobcat Gas Storage assets and development project from Haddington Energy Partners III and GE Energy Financial Services for $540m. Spectra plans to spend an...
Magellan to Buy BP Crude Oil Storage and Pipeline
Magellan Midstream Partners will acquire 7.8 million barrels of crude oil storage and over 100 miles of active petroleum pipelines from BP Pipelines (North America) for $289m. The storage is...
Questar, Applied LNG Technologies to Explore LNG Projects
Questar Transportation Services (QTS) and Applied LNG Technologies (ALT) will jointly explore new market opportunities for Rockies liquefied natural gas (LNG) in the US. Under a memorandum...
Foster Wheeler to Manage Iraq Project
Foster Wheeler is to provide project management consultancy (PMC) services for the Iraq Crude Oil Export Expansion Project of the South Oil Company (SOC). The PMC services will be onshore...
Petrochemical Prices Drop in 2010
Petrochemical prices fell for the third consecutive month in June 2010, according to analysts at Platts, whose Global Petrochemical Index (PGPI) dropped to $1,051 per tonne on 30 June, the...
Bangladesh to Build Pipeline for Chevron Gas
Bangladesh will build a 100km pipeline to carry natural gas from three Chevron-operated fields in the northeast of the country. Petrobangla chairman Mohammad Hussain Monsur told Reuters that...
Lukoil Close to Caspian Sea Tax Break Deal
Russian private oil major Lukoil is close to winning tax breaks from the Russian Government for developing its Caspian Sea oilfields, according to Russian media. The tax breaks will allow...
Petrofac to Boost Production at Petrom Oil Concession
Petrofac will provide production services to Petrom for the Ticleni oilfield and its eight satellite fields in southwest Romania. The mature onshore field Ticleni has been operating for 60...
Emerson Awarded Shell Automation Services Deal
Emerson Process Management will provide automation services for Prelude LNG, Shell's floating liquefied natural gas (LNG) facility, under a contract with Technip-Samsung Consortium. Emerson...
Sinopec Lowers Yangzi Crude Output
China Petroleum & Chemical Corp (Sinopec) has brought down the crude output of its Yangzi oil refinery in the eastern Jiangsu province, China, to cut refining losses and cope with...
Tag Oil Announces 450% Increase in Taranaki Reserves
Canadian oil explorer Tag Oil announced a 450% increase in reserves at the Cheal Mining Permit, onshore Taranaki Basin, New Zealand. After an independent assessment, the firm assigned...
Southwest to Acquire Oklahoma Oil and Gas Leases
Southwest Resources will acquire about 860 acres of oil leases in northeast Oklahoma, US, from RC Oil. The leases are made up of shallow oil wells that produce about 25 barrels of oil per day. ...
Elk Petroleum to Test Ash Creek Well
Elk Petroleum plans to perform extended production tests at its Ash Creek Field Trusler 1 oil well in Wyoming, US. The last swab run at the well showed that oil flowed at a rate of...
Total to Acquire UTS for Canada Oil Sand Assets
Total is to acquire UTS Corporation along with its main asset, a 20% interest in Fort Hills Project in Alberta, Canada, for C$1.15bn ($863m). Total exploration and production...
Shell to Supply LNG to Osaka Gas
Shell Eastern Trading is to supply liquefied natural gas (LNG) to Osaka Gas under a long-term supply agreement. Under the sales and purchase agreement, Osaka Gas will receive up to 800,000t...
Beach Energy, Itochu to Explore LNG Project
Beach Energy and trading company Itochu Corporation have entered a non-binding memorandum of understanding (MoU) to jointly explore a potential integrated LNG project. Under the MOU, the...
Schlumberger, Integra to Form Seismic JV
WesternGeco, Schlumberger's seismic business segment, and Integra Group will form a joint venture, IG Seismic Services, under a new agreement. The joint venture will provide land...
LINN Energy to Acquire Texas Basin Assets
LINN Energy will acquire oil and natural gas assets in the Permian Basin in Texas, US, for $90m. The assets in the basin will have a net production of about 950 barrels of oil equivalent per...
WestSide Acquires Stake in Dawson CBM Field
WestSide has acquired a 51% stake in the Dawson coal-bed methane field in the Bowen Basin in Queensland, Australia, for A$26.8m ($22.6m). The firm bought the field with its joint...
Russia, Belarus Sign Gas Transit Deal
Russia's Gazprom and Beltransgaz have signed a supplementary gas transit agreement. Beltransgaz director-general Vladimir Mayorov told the Belta news agency that the firms have signed...
Schlumberger Unveils Hydraulic Fracturing Technology
Schlumberger has launched HiWAY, a flow-channel hydraulic fracturing technique to maximise production and hydrocarbon recovery. Schlumberger Well Services president Patrick Schorn said...
Siemens to Supply Equipment for Chinese LNG plant
Siemens will supply a complete main refrigerant compressor train for a liquefied natural gas (LNG) plant in Dingbian City, Shaanxi Province, China. The firm will provide the solution to...
Total Acquires Interest in Yemeni Block
Total has acquired a 36% interest in a production-sharing agreement in Yemen. Block 72, a 1,821km² licence in the southern part of Masila Basin, is operated by DNO Yemen. Total...
Samson to Sell 60% of Goshen County Project
Samson Oil and Gas has signed an agreement with an undisclosed US partner to sell 24,166 acres of its 40,240 acre holdings in Goshen County in Wyoming, US, for a price between $61m and $79m. ...
Sinopec to Increase Refinery Output to Meet Holiday Demand
China Petroleum & Chemical (Sinopec) will increase the output from its Maoming oil refinery by 1.6% in July 2010 to meet rising holiday demand. Sinopec spokesperson Cai Zhan...
June 2010
Top
Queensland Approves Curtis LNG Project
The Queensland Curtis Liquefied Natural Gas (QCLNG) project, on Curtis Island, near Gladstone, Australia, has been approved by the Queensland Government. Coordinator-General Colin...
Oil Heads for First Quarterly Drop Since 2008
Oil prices edged towards $77 a barrel today, heading for its first quarterly drop since 2008. For August delivery, US crude dropped 12¢ to stand at $75.82 by 04.38 GMT, while ICE...
China Resources, Tianjin Agree Natural Gas Supply Deal
China Resources Gas Group and Tianjin Gas will set up a joint venture to supply natural gas to China's Tianjin region. The firms will make an investment of almost CNY5bn ($735.7m) in...
Oil Falls Below $77
Oil prices dropped below $77 a barrel today aided by a strong dollar and news that tropical storm Alex will cause limited disruption to installations in the Gulf of Mexico's production...
Iraq Seeks Investments in New Refineries
Iraq is seeking $20bn to build four new refineries so it can become a net exporter of petroleum products, according to Iraqi Oil Minister Hussain Al Shahristani. "Each one will cost...
Oil Reaches Eight-Week High
The price of oil reached its highest point in eight weeks trading near $79 a barrel. For August delivery, US crude rose 52¢ before falling 9¢ to stand at $78.77 by 06.48 GMT,...
Reliance, Pioneer Partner on Eagle Ford Shale
Reliance Industries and Pioneer Natural Resources have signed a joint venture agreement for the Eagle Ford Shale play in Texas. Under the agreement, Pioneer will sell a 45% interest in...
Beach Wins Tanzania Oil Concession
Beach Petroleum has signed a production sharing agreement (PSA) with the Tanzanian Government for an oil concession in western Tanzania. Under the agreement, Beach acquired a 100%...
El Paso Completes Eagle Ford Test Wells
El Paso Corporation has completed drilling at three Eagle Ford test wells in the US and has announced plans for future expansion. The company said all three wells have performed to or...
Sinopec Hits Natural Gas in China
Sinopec has hit natural gas flows in an exploration well in Chongqing, southwest China. Tests showed that the Xinglong 1 well flowed high sulphur gas at a rate of 517,000m per day, according...
Dominion Spuds Uganda Well
Dominion Petroleum has successfully spudded a test well in block EA4B of the Lake Edward Basin in Uganda. The Ngaji-1 well will be drilled to a targeted depth of 2,000m and should be...
Oil Steady Above $76
Oil prices remained steady above $76 a barrel today. For August delivery, US crude gained 3¢ to stand at $76.38 at 06.50 GMT, while London Brent crude rose 14¢ to $76.41 a...
Oman Oil Seeks BG Oil and Gas Block
State-run Oman Oil Company (OOC) is in talks with Oman's Ministry of Oil and Gas to take on an exploration block ceded by the UK's BG Group, a senior Omani oil official said. The Ministry of...
Gazprom, Siemens to Collaborate on LNG Technology
Gazprom and technology provider Siemens have signed a deal to cooperate on liquefied natural gas (LNG) technology development. The two firms also plan to carry out a number of joint...
Oil Falls Below $77
Oil prices fell below $77 a barrel today on speculation that a gradual appreciation of the yuan could have a limited impact on China's petroleum imports. For July delivery, US crude fell...
Acergy to Acquire Subsea 7
Undersea oil contractor Acergy is to acquire rival Subsea 7 in an all-share deal for an estimated $3.4bn. In a joint statement, the companies said the $5.4bn combined entity will create a...
Realm Energy Gains Polish Gas Concessions
Realm Energy has been awarded three natural gas concessions in Poland totalling an area of 464,918 acres. The concessions comprise the fully owned Gniew concession and two other...
Oil Gains Towards $79
Oil prices gained 2.2% towards $79 a barrel today after China agreed to allow a flexible yuan exchange rate, raising expectations of higher petroleum imports by the country. For...
Gazprom, Gasunie to Work on European Gas Infrastructure
Russia's Gazprom and Dutch company Gasunie have signed a deal to develop a gas infrastructure across Europe. The firms will cooperate in the areas of gas transmission infrastructure,...
Ivanhoe Begins Drilling for Gas in Zitong-1
Ivanhoe Energy has started drilling the Zitong-1 well in Sichuan Province, China, for tight gas. The well is being spudded in a 659,840 acre gas exploration block operated by...
Boardwalk, Southcross to Upgrade US Gas Infrastructure
Boardwalk Pipeline Partner (BWP) and Southcross Energy have teamed up to provide infrastructure for natural gas producers in the Eagle Ford Shale production area in South Texas, US. BWP...
Valiant Drills Second Tybalt Exploration Well
Valiant Petroleum said it has successfully drilled and tested the second Tybalt exploration well in the UK. The well had a peak rate flow of 5,400bopd and 4mscfd on a 56 / 64in...
Oromin to Farm Out Interest in Santa Rosa Concession
Oromin Exploration plans to farm out portions of its interest in the Santa Rosa oil and gas concession in Mendoza, Argentina. Data drilling the SREx-2001 well, limited seismic work and...
Oil Falls Below $77
Oil prices fell below $77 a barrel as investors raised concerns about the pace of demand growth by the top oil consumer the US. For July delivery, US crude fell 17¢ to stand at $76.62...
Kinder Morgan Announces Open Season for Marcellus NGL
Kinder Morgan Energy Partners (KMP) has announced a non-binding open season to gauge interest for its Marcellus lateral project in Canada. KMP said it will offer a new service for moving...
Oil Falls Towards $77
Oil fell by 0.8% towards $77 today, slipping from its highest point since early May. For July delivery, US crude dropped 58¢ to stand at $77.09 a barrel at 05.07 GMT, while London...
Mitsubishi to Work on Buru Energy's Canning Basin Permits
Technology giant Mitsubishi and Buru Energy plan to jointly explore and develop the Canning basin in Western Australia under a new agreement. Mitsubishi will farm-in into Buru's...
Reliance Spuds New Well in Cambay Basin
Reliance Industries (RIL) has spudded a sixth oil well in a block in the Cambay Basin, Gujarat, India. Well CB10A-T1 was drilled to a depth of 1,500m to explore the play in the Miocene...
Byco to Build Pakistan's Largest Oil Refinery
Byco Petroleum Pakistan plans to operate the country's largest oil refinery in the province of Baluchistan by December 2010 in order to meet increasing demand. Byco CEO Amir Abbassciy...
Oil Steady Above $75
Oil prices remained steady above $75 a barrel today as prospects for rising demand in emerging economies offset concerns about the impact of Europe's debt crisis. For July delivery, US...
Spectra Energy to Build Canadian Processing Plant
Spectra Energy will build a new 200 million cubic feet per day natural gas processing plant in west Dawson Creek, Canada. The Dawson processing plant will be built in two phases, with the...
Oil Up Towards $75
Oil prices climbed to $75 a barrel today aided by renewed optimism about a global economic recovery. For July delivery, US crude rose $1 to stand at $74.78 a barrel at 06.48 GMT, while...
Treaty Energy Finds Oil in Tennessee Field
Treaty Energy (TECO) has made an oil discovery at a well drilled at its Tennessee leases in the US. The leases encompass 246 acres and include two shut-in wells of which the first spudded...
Pennsylvania Grounds EOG Gas Well Drilling Activities
Pennsylvania's Department of Environmental Protection (DEP) has ordered EOG Resources to suspend its natural gas well drilling activities in the US state following a well blow-out on 3 June 2010. ...
Gazprom, DESFA Team up on South Stream Project
Russia's Gazprom and Greek company DESFA have signed a charter to form a joint venture to work on the Greek section of the South Stream project. The South Stream Greece venture...
China, Uzbekistan Sign Gas Deal
China National Petroleum Corporation and Uzbekistan's Uzbekneftegaz have signed a framework agreement for the purchase and sale of natural gas in Uzbekistan. Under the agreement, Uzbekistan...
Sinopec to Raise Refining Capacity
Chinese refiner Sinopec plans to increase its 2010 crude refining capacity by 10% compared with 2009 to meet increasing domestic demand. Sinopec refining business deputy director...
Petronas to Expand Malacca Refinery
Petronas is planning to expand its Malacca refinery in Malaysia. Petronas Corporate Strategic Planning vice president Md Arif Mahmood said that the company was undertaking a feasibility...
Technip to Expand Indian Refinery Unit
Technip will undertake a phase III expansion project for an Indian refinery owned by Mangalore Refinery & Petrochemicals under new contracts. The expansion of the unit will increase...
Statoil Plan US Upstream Acquisitions
Statoil plans to build up its presence in the Marcellus Shale formations in the eastern US along the same lines as its European business. Statoil chief executive Helge Lund told Bloomberg...
Mobil's Altona Refinery to be Put Under Strict Scrutiny
Exxon Mobil's Altona oil refinery in Melbourne, Australia, will put under stricter scrutiny from the Environment Protection Authority (EPA). The EPA has cancelled Mobil's accredited...
Iraq Awards New Refinery Contract to Foster Wheeler
The Iraqi Ministry of Oil has awarded a feasibility study and front-end engineering design contract to Foster Wheeler for a new refinery at Nassiriya, Iraq. The proposed refinery will have...
Sinopec Updates Xinchang Reserve Potential
Sinopec has updated the gas reserve potential of its Xinchang gas field in south-western Sichuan province, China. The firm has added 121.12 billion cubic metres of proven geological natural...
Energy Transfer Starts Work on Tiger Pipeline
Energy Transfer Partners has begun work on a 175 mile interstate natural gas Tiger Pipeline to serve the Haynesville Shale and Bossier Sands regions in Louisiana and East Texas, US. ...
SSE Secures Stakes in Hess North Sea Assets
Scottish & Southern Energy plans to buy almost 80% of the North Sea gas and infrastructure assets of Hess for $324m. The utility, which in April agreed an outline deal with Hess, said...
Argentine-Bolivian Group Wins Gas Supply Deal
Bolivia, Paraguay and Uruguay have selected a consortium to carry out a pre-feasibility study to supply Bolivian gas to Paraguay and Uruguay. The Andean Development Corporation (CAF)...
TransGlobe Discovers Oil in Egyptian Desert
TransGlobe Energy's Safwa NW-1 test well, which lies in Egypt's Western Desert, has spudded oil. Wire line logs across the Lower Bahariya Formation have confirmed a 30ft net...
EQT, DCP to Work on Appalachian Basin Shale Project
EQT Corporation and DCP Midstream Partners LP (DCM) and its sponsor DCP Midstream LLC (together DCP) have announced a letter of intent to create a natural gas processing and related natural...
Transneft Profit Rises 70%
Russian oil pipeline monopoly Transneft has reported an almost 70% rise in its 2009 earnings to RUR121.8bn ($3.9bn) from RUR72.5bn a year ago. Profit attributable to shareholders...
PetroVietnam to Operate Dung Quat Refinery
French oil service company Technip has handed over the Dung Quat oil refinery, Vietnam, to PetroVietnam's Binh Son Refining Petrochemical Company, which will manage and operate the...
Shell to Buy East Resources for Shale Gas Play
Shell will buy East Resources for $4.7bn as it continues to build its portfolio in the North American gas market. East Resources has 650,000 acres in the Marcellus field and 1.05 million...
May 2010
Top
Shaw to Manage Marathon Clean Fuel Project
The Shaw Group will provide construction management services for a benzene reduction project at a Marathon Oil Corporation refinery in Illinois, US. Under the contract, Shaw will...
Eastern Star Undertakes Australian LNG Plant Study
Eastern Star has signed a deal to study a million-tonnes-a-year LNG plant at an Australian port, expected to be complete by 2014. Eastern Star managing director David Casey told The...
Denham Sells Marcellus Shale Stake to Williams
Denham Capital has sold its interest in the Marcellus shale in the US through the transfer of 42,000 net acres, acquired in partnership with Alta Resources, to Williams for $501m. The...
UIL to Acquire Iberdrola Gas Utilities
UIL Holdings Corporation (UIL) will acquire three natural gas firms owned by Iberdrola US for $1.3bn. The firms to be bought include The Southern Connecticut Gas Company, Connecticut...
BHP, ExxonMobil Eye Western Australian LNG
BHP Billiton and ExxonMobil are studying a new $18bn-$24bn liquefied natural gas development in Western Australia. BHP petroleum chief Michael Yeager told The Australian that BHP is in...
Peru Ica Natural Gas Pipeline Work Begins
Consortium Congas has begun work on a natural gas distribution project in Peru's Ica region. Congas, comprising EEB and TGI, received a 30-year concession from the country's government in...
Iran to Fund Sri Lanka Refinery Expansion
Sri Lanka hopes to fund a project to double the capacity of its only refinery with a $1.5bn loan from Iran. Sri Lankan Prime Minister Susil Premajayantha told Bloomberg that Iran may...
Williston to Expand Natural Gas Pipeline Capacity
Williston Basin Interstate Pipeline Company plans to expand its natural gas pipeline capacity in the Bakken production area in North Dakota, US. The 33% increase in capacity will add up...
E.ON Ruhrgas Acquires Stake in Trans Adriatic Pipeline
E.ON Ruhrgas has acquired a 15% stake in the Trans Adriatic Pipeline project (TAP) divested by Statoil and EGL. After divestment, Statoil and EGL will each hold a 42.5% and E.ON...
Marathon to Sell-off Minnesota Assets
US-based Marathon Oil is to sell most of its Minnesota downstream assets to ACON Investments, NTR Partners and TPG Capital for $800m. The assets include the 74,000 barrel per day St Paul...
Oil Climb Towards $71
Oil prices rose more than 1% towards $71 a barrel today. For July delivery, US crude gained 70¢ to $70.74 a barrel by 04.55 GMT, while London Brent crude rose 22¢ to $71.93...
Nexen to Sell Canadian Heavy Oil Assets to Northern Blizzard
Canadian energy company Nexen plans to sell its heavy oil properties in Western Canada to Northern Blizzard Resources for $975m. In December 2009, the properties had proven reserves of...
SPDC Restarts Nigerian AGG Projects
The Shell Petroleum Development Company of Nigeria (SPDC) has restarted work on a series of associated gas-gathering (AGG) projects in the Niger Delta. The $2bn-worth of projects cover 26...
EOG to Acquire Galveston Stake in Kitimat LNG Terminal
EOG Resources plans to acquire shares of Galveston LNG, which owns a stake in the proposed liquefied natural gas (LNG) export terminal at Bish Cove, in British Columbia, Canada. The terminal...
BP Captures 40% of Gulf of Mexico Oil Leak
BP said it has managed to siphon 40% of the Deepwater Horizon oil flowing into the Gulf of Mexico, more than double the oil it was able to capture on Monday. The riser insertion tube...
Sinopec to Raise Funds for Refinery Upgrades
China Petroleum & Chemical Corp (Sinopec) is considering selling about 43bn yuan ($6.3bn) of bonds to fund the upgrade of refineries and petrochemical plants. Sinopec senior...
CNOOC, TPAO to Develop Iraqi Missan Oilfields
CNOOC and Turkish Petroleum Corporation are to develop and produce oil from Iraq's Missan oilfields in a new deal. Under the 20-year technical services contract (TSC), CNOOC will increase...
Enterprise, Duncan Energy Expand Eagle Ford Facilities
Enterprise Products and Duncan Energy will expand their jointly owned processing facilities in south Texas, US, to manage increasing natural gas production from the Eagle Ford Shale play. ...
NNPC and CSCEC to Build Nigerian Projects
The Nigerian National Petroleum Corporation (NNPC) and China State Construction Engineering Corporation (CSCEC) will jointly seek Chinese funds to develop refineries and a petrochemical complex...
Santos, Fluor Team Up For Australian LNG Project
Australia's Santos has selected Fluor to develop upstream facilities at the Gladstone liquefied natural gas (LNG) project in Queensland, Australia. Santos said it is planning to award the...
LNG Mergers Likely on Australian Tax
A proposed resource tax in Australia could prompt Shell, ConocoPhillips, BG Group and Santos to merge about $70bn of gas projects in the country, targeting fuel shipments to China, Japan and...
Ivanhoe Plans Tamarack Project Boost
Ivanhoe Energy expects to file an application to develop the Tamarack HTL facility, after having completed work on the 28-well drilling programme. Ivanhoe said it has invested $17.9m in...
Conoco, Karoon to Test Australia's Kronos-1
ConocoPhillips and Karoon Gas Australia will conduct production tests at the Kronos-1 pay sands in the Browse basin in Western Australia. ConocoPhillips, operator of the WA-398-P well, will...
Osaka Gas Buys Stake in Spanish LNG Terminal
Osaka Gas will acquire a 20% interest in Endesa's Sagunto LNG receiving terminal in Valencia, Spain, under a new contract. The terminal has a liquefied natural gas (LNG) regasification capacity...
Chesapeake Energy to Invest in Expansion
Chesapeake Energy plans to raise $5bn over the next two years to expand its investment in oil and natural gas liquids and to reduce debts. Out of the total amount, $3.5bn will used to pay...
Oil Prices Drop to $76
Oil fell to $76 a barrel today as the dollar strengthened, but doubts over Europe's debt crisis remain. For June delivery, US crude fell 46¢ to $76.34 a barrel at 05.48 GMT, while ICE...
Reliance Looks to Accelerate Gas Production
Reliance Industries may accelerate natural gas production after India's Supreme Court said the fuel should be sold at the government-approved price. Sanford C Bernstein analyst Neil...
CB&I Awarded Yamal LNG Concept Development Deal
CB&I Lummus will provide concept development services for the Yamal LNG Integrated Project in Siberia, Russia, under a contract with Yamal LNG. The project will cover production,...
Oil Rebounds Above $77
Oil prices went above $77 after the EU agreed to protect the Eurozone's debt-stricken nations, boosting confidence that energy demand will continue to improve. For June delivery, US crude...
Sempra Acquires El Paso Gas Assets
Sempra energy subsidiary Sempra Pipelines & Storage has acquired the Mexican pipeline and gas infrastructure assets of El Paso for $300m. Under the deal, Sempra acquired a seven-mile natural...
PDVSA Buys Stake in Dominican Republic Refinery
Petróleos de Venezuela (PDVSA) has agreed to buy a 49% stake in the Dominican Republic's Refidomsa refinery. The Refidomsa has a refining capacity of 34,000 barrels of oil a...
Oil Falls Below $77
Oil prices fell below $77 a barrel today, marking a $10 fall in the dollar over the past week. For June delivery, US crude dropped 31¢ to $76.80 a barrel by 06.58 GMT, while London...
CNOOC Inks Bridas Joint Venture Deal
China National Offshore Oil Company has successfully concluded a joint venture deal with Bridas Energy Holdings to acquire a 50% stake in Bridas Corporation for $3.1bn. Bridas...
Oil Prices Fall by $1
Oil prices fell by more than $1 to a six-week low of under $79 a barrel today. For June delivery, US crude dropped $1.10, around 1.3%, to $78.87 a barrel by 0702 GMT, while London...
Oil Prices Head Down To $82
Oil prices dropped to $82 a barrel today on rising oil inventories and a strong dollar. For June delivery, US crude fell 23¢ to $82.51 a barrel by 06.40 GMT, while London Brent crude...
PetroChina Starts Ningxia Refinery Expansion
PetroChina has begun work to triple the capacity of its Ningxia refinery to meet rising fuel demand in north-western China. The capacity will be increased to five million metric tons a year...
Mesa Energy to Focus on Marcellus Prospective Java Field
Mesa energy said its Reisdorf Unit 1 well in the northern portion of the Java Field has been successfully plugged. The US well has been pulled back to a depth of 2,400ft and existing casing...
Petrobas Secures Portugal Exploration
Petrobras has signed an agreement with the Government of Portugal for hydrocarbon exploration in deep waters in the Alentejo Basin. Under the agreement, Petrobras will own 50% stakes in the...
April 2010
Top
Oil Prices Near $86
Oil prices rose on Friday, heading for a third straight monthly gain driven by expectations of global economic recovery. For June delivery, US crude gained 73¢ to $85.9 a barrel,...
Reliance Makes Fourth Oil Discovery in Cambay Basin
Reliance Industries said it has made a "significant" fourth oil discovery in an exploratory block in the Cambay Basin, India. The CB10A-F1 well has been drilled to a depth of 1,605m in Part A...
Oil Prices Steady Above $83
Oil prices remained steady above $83 today, despite credit rating downgrades for southern European countries encouraged by signs that US demand will improve this summer. For June delivery,...
ConocoPhillips Opts Out of Shah Field
ConocoPhillips has decided to withdraw its participation in the Shah sour gas field project. In 2008, ConocoPhillips signed an interim deal with Adnoc to develop the natural gas...
BP Targets Terre de Grace Oil Sands
BP said it will extract over one billion barrels of recoverable resources with its acquisition of Value Creation Inc's Terre de Grace oil-sands block in Canada. The firm paid $900m for a...
Shell to Supply LNG to Kuwait
Shell will supply liquefied natural gas to Kuwait Petroleum Corporation under a new agreement. The firm will supply LNG to the country from 2010 to 2013, according to Kuwait News Agency. ...
Schlumberger Reports Q1 Revenue Fall
Schlumberger has reported a 28% drop in its quarterly profit, which has signalled optimism in the energy exploration and production business. The oil services giant said its first...
Colombia to Double Oil Production
Colombia is expected to double its oil production capacity in five years to 1.5 million bpd, according to the country's National Hydrocarbons Agency. The nation's oil production in 2009 stood...
Chevron to Fix Louisiana Oil Pipeline
Chevron has been given approval by US government agencies to begin repair work on a damaged Louisiana oil line that leaked oil into a wildlife refuge. A Chevron spokesperson was quoted...
Petroplus Eyes Total's Lindsey Refinery
Refiner Petroplus is seeking to purchase Total’s Lindsey oil refinery in the UK through bids, anticipating a recovery in fuel demand. Petroplus CEO Jean-Paul Vettier was quoted by Bloomberg...
Oil Steadies Near $84 as Demand Grows
Oil prices remained steady near $84 a barrel today. For June delivery, US crude dropped 8 cents to $83.62 a barrel by 12:35am ET, while London Brent crude declined 17 cents to $85.50. OPEC...
India’s Essar Launches Oil and Power IPO
India’s Essar Group is offering the public shares in its power and offshore divisions as part of a massive IPO — the largest of its kind in London for three years. In recent years Essar has...
Atlas-Reliance JV to Acquire Additional Marcellus Shale
Atlas Energy and Reliance will acquire an additional 42,344 acres of Marcellus Shale area in Pennsylvania, US, for its joint venture. According to the company, 450 horizontal wells can be...
BG Group, EXCO to Acquire Common Resources
BG Group and EXCO Resources have joined forces to buy Common Resources, giving the companies a stake in a rich natural gas area on the Louisiana-Texas border. The firms will each acquire 50%...
Total Plans Lindsay Refinery Sale
Total has announced the sale of its Lindsey Oil Refinery in the UK. The Lindsay refinery has a total capacity to generate 223,000bpd and is the UK's third largest refinery. The firm...
LNG Energy, Interoil To Work on Seismic Programme
LNG Energy and Interoil have entered an agrement to work on a 2D seismic programme at LNG's working interest in Papua New Guinea (PNG). The seismic programme includes the acquisition...
Pertamina Seeks Oil from Saudi Aramco
PT Pertamina is in talks with Saudi Aramco to import 200,000bpd of crude oil. Pertamina president director Karen Agustiawan told Reuters that the firm plans the extra oil imports to expand...
Beach Buys Stake in Sundance Bakken Shale
Australia's Beach Energy has acquired a stake in Sundance Energy's South Antelope oil prospect in the Bakken Shale of North Dakota, USA. A horizontal well is scheduled to be drilled in...
Indonesia Looks for Buyers of Excess LNG
Indonesia's BPMIGAS is looking for buyers of its liquefied natural gas (LNG) next year. The company said it expects to have an excess supply of of 2.5-3 million tonnes when an existing...
Northwest Energy Finds UK Oil Leads
Northwest Energy said it has identified seven drilling sites in the south of the UK that could hold significant oil reserves. Norwest chief executive Peter Munachen said the resource...
Reliance to Acquire Stake in Atlas Shale
Reliance will acquire a 40% interest in Atlas Energy's core Marcellus Shale acreage position in Pennsylvania, USA, for $1.7bn, under a new joint venture agreement. Entering a joint...
Carrizo to Concentrate on Crude, Liquids Plays
Carrizo Oil & Gas has announced a new strategy to significantly increase its crude oil and liquids production and reserves by early next year The firm plans to make acquisitions in...
China to Buy LNG from Icon Energy
China Gas subsidiary SinoGas Group will purchase LNG from Australia's Icon Energy for a 20-year period, following a new deal. Icon will supply 40 million tonnes of LNG under the MoU...
HaiKe Ruilin Refinery Begins Production
HaiKe Chemical Group's joint venture refinery, Dongying Hi-Tech Ruilin Chemical, is now complete and operations have begun. Ruilin, which has an annual production capacity of 2.7 million...
South Hook Phase 2 Complete
The second phase of the South Hook LNG terminal in Pembroke, UK, has been completed. The terminal is now Europe's largest LNG terminal with a total processing capacity of 15.6mtpa,...
Shell Looks to Divest Downstream Businesses in Africa
Shell Oil Products Africa is reviewing ownership options for its downstream businesses in 21 countries in Africa. The review will cover Shell’s retail, commercial fuels, lubricants,...
Yemen LNG's Second Train Comes Onstream
Yemen LNG has started producing liquefied natural gas (LNG) from its second train a month earlier than scheduled. The firm’s LNG production is expected to reach design capacity of 6.7...
Saibu Gas to Build LNG Terminal in Japan
Saibu Gas will build a large-scale liquefied natural gas (LNG) receiving terminal in Kitakyushu, western Japan, to pursue projected growth in demand from the industrial sector. The 70bn...
March 2010
Top
TAG Oil Confirms Oil Shale in NZ Basin
TAG Oil has confirmed the presence of oil shale with the first of the three well spudded at its Waitangi Hill programme. The stratigraphic well, drilled to a total depth of 171m, encountered...
World's First Biopetrol Plant Starts Production
The world's first biopetrol demonstration plant has begun producing petrol and petrol blend components by converting plant sugars. The US plant, a joint project between Shell and Virent...
ICA Fluor Wins $622m Pemex Contracts
ICA Fluor said it will support two low-sulphur petrol projects in Mexico for Pemex Refining under EPC contracts worth $622m. ICA Fluor will be responsible for test and start-up...
Southwestern to Explore Canada Basin
Southwestern Energy will undertake a $47m exploration programme in New Brunswick, Canada, after winning exploration bids. The three-year exploration will take place over an area...
Marathon Louisiana Refinery Begins Full Capacity Operation
Marathon Oil Corporation has annnounced plans to bring its expanded Louisiana refinery up to full production of about 20 million gallons of fuel a day, despite adverse market...
Tokyo Gas to Raise LNG Purchase
Tokyo Gas has announced plans to raise its liquefied natural gas (LNG) purchase in 2010-2011 in response to an anticipated increase in demand. The gas supplier plans to buy 1.4% more gas...
EnCore to Sell UK and French Assets to Egdon
EnCore Oil is to sell its onshore assets in the UK and France and its interest in the Ceres gas field to Egdon Resources in a £5m deal ($7.50m). The sale will take place in return for...
BG Group to Supply Coal Seam Gas to China
BG Group will supply 3.6mtpa of liquefied natural gas (LNG) to China National Offshore Oil Corporation (CNOOC) under a new $40bn contract. According to the 20-year contract, BG Group will...
TransCanada to Operate Keystone Pipeline by June
TransCanada hopes to be operating its $5.2bn Keystone pipeline by the end of June 2010, according to the firm's chief operating officer, Russ Girling. Girling told Reuters that...
Jupiter Energy Hits Oil in Kazakhstan
Jupiter Energy has made an oil discovery in its J-50 well, which is being drilled on block 31 in the Mangistau Basin, Kazakhstan. The well at the top of the middle triassic reservoir...
Arrow Agrees to Shell, Pretochina Takeover Bid
Arrow Energy has agreed to Royal Dutch Shell and Petrochina's takeover bid at A$3.5bn ($3.2bn). Shell and PetroChina will provide A$4.70 ($3.29) a share in cash for Arrow's Australian...
Qatar to Supply More LNG to India
Qatar will supply India up to four million tonnes of additional LNG by 2014 to meet the country's growing energy needs. Qatar Energy Minister Abdullah al-Attiyah told the Press Trust of...
Kea to Spud Wingrove-2 in April
Kea Petroleum will drill the Wingrove-2 well in the Taranaki basin in New Zealand in April 2010. Wingrove-2 will be a deviated well, designed to test the updip potential of the good oil...
Flaring at ExxonMobil's Torrance Refinery
Flaring has been reported by operator ExxonMobil at its Torrance refinery in California, USA, which is currently undergoing maintenance. The firm began the multi-unit overhaul of the...
OPaL Plans Dahej IPO in 2012
An initial public offering (IPO) from ONGC Petro-additions Ltd (OPaL) is planned for 2012 for the proposed Rs12,440 crore ($2,733m) petrochemical complex in Dahej, Gujarat. OPaL is expected...
4Gas Cancels Rotterdam Project
Dutch LNG terminal operator 4Gas said it will not go ahead with plans to build a regasification terminal in the Port of Rotterdam, after it has been unable to secure long-term supply contracts...
Oil Falls Below $81
Oil prices dropped below $81 a barrel today aided by a stronger dollar and weak US consumer confidence data, which fanned worries about weaker demand in the world's top energy user. For...
Ormen Lange Returns to Full Power
Shell Energy Europe's Ormen Lange power plant in Norway has returned to full strength after a shutdown. The 200MW power plant supplies the Shell's Ormen Lange gas field and processing...
Oil Price Steadies Above $82
Oil prices held strong above $82 a barrel today, with crude increasing 8¢ to $82.19 a barrel by 0430 GMT, and London ICE Brent gaining 11¢ to $80.39. This was despite efforts by...
OPEC February Production at 29.31mbpd
OPEC crude oil production increased to 29.31mbpd in February, a gain of 60,000bpd from an estimated January level of 29.25mbpd, according to a recent Platts survey. The survey of OPEC and...
Skanska to Build Petrobras Unit
Skanska is to build the first processing unit of an oil refinery in Brazil for Petrobras under a Skr1.8bn ($250m) contract. The crude and distillation unit, located at the...
Oilsands Quest Evaluates Axe Lake Potential
Oilsands Quest (OQI) said it is assessing the potential to develop its Axe Lake oil sands discovery in northwestern Saskatchewan, Canada, through steam-assisted gravity drainage (SAGD) technology....
SNC-Lavalin Wins Venezuela Junin Deal
SNC-Lavalin has won a engineering services contract with PDVSA Engineering & Construction for the Empresa Mixta Petromacareo Project in the Orinoco Oil Belt, Venezuela. The firm will...
Algeria Expects LNG Demand to Pick Up
The global fall in demand for LNG will recover in two to three years, according to Algerian Energy Minister Chakib Khelil. Khelil was quoted by Reuters as saying that in the long term the...
Circle Oil Completes Gemsa Production Test
Circle Oil has completed production a test on the Al-Amir SE-5 appraisal well in the onshore North West Gemsa Concession in Egypt. The Kareem formation sandstones at the well flowed oil...
Sinopec Mulls ExxonMobil, Aramco Joint Venture
Sinopec is considering a joint venture with ExxonMobil and Saudi Aramco to build an oil refinery with the capacity to process 12 million tonnes of crude per year. The project would...
Total To Invest in EDF Dunkirk LNG Terminal
Total has announced plans to invest in Électricité de France (EDF)'s proposed Dunkirk LNG terminal, following its decision to close its Flanders refinery. The firm will...
Lukoil Bulgaria Refinery to Reopen
Lukoil's Bulgarian refinery Neftochim Burgas will reopen after completing its planned maintenance. The 142,000bpd refinery at the Black Sea port of Burgas had been shut down for a...
Arrow Receives Takeover Bid
Arrow Energy has received a takeover bid at a cash value of A$3.26bn ($2.97bn) from the Royal Dutch Shell and Petrochina joint venture. The offer results from an effort by international...
Bridge-Paramax Drills Boise Basin
Bridge Resources and Paramax Resources have started drilling the first of five exploratory wells in the Boise Basin, Idaho, USA. Bridge-Paramax ML Investments-1 well has a planned total depth...
Poland Funds First LNG Terminal
Poland LNG has arranged €950m ($1.3bn) to build the country's first LNG import terminal. The European Bank for Reconstruction and Development will provide €200m ($273m) along with...
Enap Refinery to Restart After Quake
Chile's Empresa Nacional del Petroleo (Enap) will bring its second refinery online next week, following the recent earthquake that has devastated the country. Refineria Aconcagua has a...
Gas Natural to Increase Market Share in Italy
Spain's Gas Natural has imported 280,000m² of LNG to Italy this winter and plans more deliveries to increase its market share, the firm announced. The deliveries to Eni's Panigaglia...
Mitsubishi to Part-fund Indonesian LNG Plant
Mitsubishi is to fund up to $2.25bn to develop an Indonesian LNG plant, to be commissioned by the government. Under an initial agreement, Mitsubishi will own a 51% stake in PT Donggi...
Saudi Arabia to Double Crude Supply to India
Saudi Arabia has agreed to almost double its supply of crude oil to India to 40 million tonnes a year, or 770,000 barrels a day, from the previous supply of 25.5 million tonnes a year. ...
Kuwait, China to Partner on Refinery
Kuwait Petroleum expects the Chinese government to give the green light for a 300,000bpd refinery and petrochemical facilities by the end of the year. The $9bn refinery, along with...
KOGAS to Invest in Canadian Gas Fields
South Korea's KOGAS plans to invest $41.1 billion over the next five years in the development of three Canadian gas fields with EnCana. The two firms will jointly explore and develop the...
Statoil Exits Krishna Godavari
Statoil has pulled out of plans to participate in appraisal drilling in the deepwater Krishna Godavari Block off the Andra coast, India, leaving Oil and Natural Gas Corporation (ONGC) alone on...
Fluor Wins Singapore LNG Contract
Services company Fluor Corporation has won an engineering contract to work on the Singapore LNG import terminal at Jurong Island. The terminal is being built for Singapore LNG Corporation...
February 2010
Top
Origin and Conoco to Supply Gas to BG LNG Project
Origin Energy and partner ConocoPhillips will supply feed gas to BG Group's liquefied natural gas project, making it the first collaboration in the Australia's LNG sector. The partners...
Shell Awards Support Deal to KBR
UK-based Shell Chemicals has awarded a contract to US firm KBR to provide instrument and electrical support services to its chemical plant in Deer Park, Texas, and its refining joint...
Mejillones Refinery to Start Operation
Chile's Mejillones liquefied natural gas terminal will start commercial operations in May 2010, supplying energy to key mines. The terminal has received its first tanker from Trinidad and...
Al Khaleej Gas-Phase 2 Begins Operation
The Al Khaleej Gas-Phase 2 (AKG-2) project has started operations to meet rising local industrial demand in Qatar, announced Qatar Petroleum and Exxon Mobil. The AKG-2 with 1,250mcfd of...
Reliance Ups Lyondell Bid to $14.5bn
India's Reliance Industries said it has increased its offer to $14.5bn from $13.5bn for the debt-ridden chemicals group LyondellBasell. If accepted, the offer will help LyondellBasell out...
NNPC Plans Three Refineries
Nigerian National Petroleum Corporation (NNPC), Oando, African Petroleum and Mittal are planning to build two new oil refineries and a gas refinery in Nigeria. The crude oil refineries will...
Qatar Ras Laffan 3 Starts Production
The Ras Laffan Liquefied Natural Gas Company has begun production at the LNG Train 7 in Qatar. Ras Laffan 3 LNG train is a 7.8 million tonnes per year plant opened by the 70:30 joint venture...
BP Urges South Africa to Consider New Refinery Alternatives
BP has asked the South African Government to consider all options before building a new 400,000bpd oil refinery at Coega in the Eastern Cape. The government has already given licence...
Alliance Pipeline Begins Bakken Gas Transport
Alliance Pipeline has begun transporting the first natural gas and natural gas liquids (NGL) from Bakken Shale in the Williston basin, Canada, to the market. The transport has been...
Brasher-1 Oil Well Strikes Gas
The Brasher-1 exploration well in Texas, US, has struck a gas column, New Standard Energy said. The company said it encountered a 14ft gas column in the Yegua formation where drilling...
Indonesia Focus on Domestic LNG Demand
Indonesia will not be renewing LNG export contracts so it can instead concentrate on meeting domestic demand, according to the nation's Industry Minister MS Hidayat. Hidayat was quoted by...
China to Increase LNG Imports
China plans to import more liquefied natural gas (LNG) to meet growing demand in the country, according to the country's National Energy Administration Director Zhang Guobao. Zhang Guobao...
Orlen to Sell Stake in Lithuanian Refinery
Orlen could sell a stake in its Lithuanian Refinery, Orlen Lietuva. Orlen spokeswoman Beata Karpinska said the firm intends to enter into talks with Russian firms for the Mazeikiu refinery...
PDO Makes Oil and Gas Discoveries
Petroleum Development Oman (PDO) has discovered three oil fields and a large gas field at Al Ghubar South. The oil discovery in Al Ghubar South that is expected to contain over 1 billion...
Silver Eagle Delays Utah Operations
Silver Eagle Refining has delayed operations at the first crude unit of its Utah refinery, which was closed down following a fire in November 2009. The US Chemical Safety Board said the...
Wood Group to Maintain Peru LNG Project
Wood Group GTS will provide service and maintenance for the PERU LNG project for $150m over an 18-year period. The PERU LNG project, launched in 2007, is expected to be one of the most...
Showa Shell to Reduce Capacity
Japanese refiner Showa Shell Sekiyu plans to close its 120,000bpd Ogimachi plant at the Keihin refinery complex in Kawasaki in the summer of 2011. The company also plans to reduce its...
BP Seeks Canadian Oil Sand Project
British Petroleum is keen to acquire a majority stake in Value Creation, which holds large reserves of oil sands. The $1.2bn deal is expected to face opposition from environmentalists and...
UK Grants Gas Storage Project
The UK Government has provided licences for the expansion of gas storage in the Gateway Project, located in the East Irish Sea, under the new Energy Act. The Gateway Storage Company will...
Gazprom Unveils Russia's First CBM Unit
Gazprom has opened Russia's first coal bed methane (CBM) production facility in the Taldinskoye coalfield, about 65km north of Novokuznetsk in southwestern Siberia. The facility will...
Hindustan Petroleum to Build New Plant
Hindustan Petroleum (HP) will build a Rs250bn ($5.4bn) crude oil processing plant in Mumbai that will generate 20 million tonnes a year of oil, according to HP refineries director K Murali. ...
Chevron Wins PDVSA Oil Project
Petróleos de Venezuela (PDVSA) has selected a Chevron-led consortium to negotiate a project comprising three blocks in the Orinoco Oil Belt of eastern Venezuela. The three blocks have...
New Zealand Opens Kahili Offer
The New Zealand Energy and Resources Ministry has opened bids for the onshore Kahili gas field in Taranaki on the west of New Zealand. The 5.99km² block was discovered in 2002 and a...
KBR Awarded Design Study for Browse Development
KBR will conduct a design study for Woodside's basis of its Browse liquefied natural gas (LNG) development. The study will focus on Woodside's onshore LNG facilities within the...
CNPC, Recope to Upgrade Costa Rica Refinery
China state oil company CNPC and Costa Rica's Recope plan to upgrade a refinery in the Central American country that is expected to cost up to $1bn. The upgrade would triple the size of...
New Iraq Firm to Oversee Oilfields
Iraq's Oil Ministry has launched its fourth state company, Midland Oil, for overseeing development in recently auctioned fields. Iraq Oil Ministry spokesman Assem Jihad was quoted by AFP...
ONGC Plans MOL Ventures
India's Oil and Natural Gas Corporation (ONGC) plans to partner with Hungary's MOL to pursue joint exploration and production ventures in Europe, the CIS countries and the Middle East. ...
Saipem to Build Pemex Refinery Units
Saipem will build clean petrol units at two of Pemex's refineries under a new contract worth $345m. Saipem will build equipment at Pemex's Salamanca and Tula oil refineries to reduce the...
BP Shareholders Oppose Oil Sands Investment
A coalition of BP shareholders have raised concerns over the firm's intention to invest in its Sunrise oil sands project in Canada, it has been revealed. BP's plan to invest $10m in...
Zion to Resume Ma'anit Tests
Zion Oil & Gas said it will resume production testing operations on the Ma'anit-Rehoboth number two well, in Israel, by mobilising its drilling rig from the Elijah number three well. ...
Essar in Talks to Acquire Shell Refineries
India's Essar Group is in talks with Royal Dutch Shell to buy three refineries in Europe as part of its aim to expand its refining capacity. Essar aims to acquire Shell's Stanlow refinery in...
Canada Natural, NWU to Build Bitumen Refinery
Canadian Natural Resources and North West Upgrading (NWU) together plan to construct and operate a bitumen refinery in Alberta, Canada. The refinery will upgrade bitumen from the...
Enbridge to Pipe Bitumen from Leismer
Enbridge's Waupisoo Pipeline will transport bitumen from Statoil's Leismer oilsands project to crude hubs in Alberta, Canada. Under the new contract, Waupisoo Pipeline will initially...
Foster Wheeler Wins Ugandan Refinery Feasibility Study
Foster Wheeler will undertake a feasibility study for the development of an oil refinery within Uganda. Under the contract awarded by Uganda's government, the firm will develop the location...
Shell’s Q4 Profits Collapse on Weak Demand
Royal Dutch Shell has posted a 75% drop in its fourth-quarter profits to $1.18bn because of a lack of demand in the weak global economy. For the full year, Shell’s profit stood at...
China’s Myanmar Pipeline Onstream in 2012
China's plan to build a gas pipeline with 12 billion cubic metres annual capacity to transport fuel from Myanmar's offshore oil deposits to south west China is due to come onstream in the next...
Eastman Completes Regalite Expansion
Eastman Chemical Company has completed the expansion of the Regalite hydrogenated hydrocarbon resin facility in the Netherlands. The Regalite resins will meet the growing demand for...
Sinopec Northwest Ramps up Production
Sinopec plans to produce 5.6% more crude oil in its northwest oil field in 2010. The field will produce 6.97 million tonnes (139,400bpd) of crude this year, compared with 6.6 million...
InterOil Plans Extension at Antelope 2
InterOil plans to drill a horizontal extension at Antelope-2 well in Papua New Guinea, after reaching a vertical depth of 2,465m to intersect a hydrocarbon column. The firm reached the...
JGC to Cut Emissions at Sasref
Japan's JGC has announced that it will improve performance and cut harmful emissions at its 305,000bpd Saudi Aramco Shell Refinery (Sasref). The firm will carry out engineering, procurement...
Deer Park Refinery Restarts Units
The Deer Park refinery, a joint venture of Shell Oil and Pemex, is to restart five units involved in producing motor fuel. The refinery is restarting the hydroprocessing unit, coker, gas...
HPCL Plans New Refinery
Hindustan Petroleum (HPCL) is planning to set up a new 15mtpa refinery on India's west coast. The $3.9bn refinery will be built to compensate for the space constraint faced by its...
January 2010
Top
Triton Energy to Acquire Oil and Gas Assets in Alberta
Canada-based petroleum and natural gas producer Triton Energy said it will acquire oil and gas properties in West Central Alberta for C$45m (US$42.2m). The company expects to produce...
Australia Pacific Seeks Environmental Approval for LNG Project
Australia Pacific LNG has sought environmental clearance from the Queensland Government for its A$35bn ($31.3bn) LNG export project with US ConocoPhillips. The company has submitted a...
Exxon to Sell Cepu Gas to Indonesia
ExxonMobil said it will develop gas reserves in the Cepu block and sell the gas to Indonesian consumers, including PLN and PT Perusahaan Gas Negara (PGN). In 2009, Exxon signed a Memorandum...
Eni-Led Group to Redevelop Zubair
Eni, Occidental Petroleum and Korea Gas will redevelop the Zubair oil field in southern Iraq under a technical service contract with the Iraqi state-owned South Oil Company and Missan Oil as...
Chevron, Kyushu Electric Strike LNG Deals
Chevron and Kyushu Electric have signed multiple deals for the delivery of liquefied natural gas (LNG) from the Chevron-operated Gorgon and Wheatstone natural gas projects. Under the...
Gulfsands to Develop Syrian Oil Field
Gulfsands Petroleum has received government approval to develop the Yousefieh oil field in Syria. The oil field in Block 26 northeast Syria currently has three wells and production will...
Petrochina Takes Over Statia Terminal Lease
Petrochina has taken over the lease of the 5 million bbl of oil storage capacity at the NuStar Energy Statia terminal on the Caribbean island of St Eustatius from Saudi Aramco. The facility is...
Adgas to Start Gas Supply in Q2
Abu Dhabi Gas Liquefaction Company (Adgas) plans to commission approximately 211 million cubic feet per day of gas production in the second quarter of 2010. The development will...
Shell to Sniff Oilfeilds From the Sky
Royal Dutch Shell is working on an instrument that can sniff molecular signatures of trapped hydrocarbons floating in the air at concentrations of just ten parts per trillion. The instrument...
Petrochina Takes Over Statia Terminal Lease
Petrochina has taken over the lease of the 5 million bbl of oil storage capacity at the NuStar Energy Statia terminal on St. Eustatius island from Saudi Aramco. The facility is a...
China Approves Joint Venture Refinery
China's National Development & Reform Commission has given approval for a joint venture refinery between CNPC and Venezuela's PDVSA. The approval allows the firms to undertake...
SASREF Control Facilities go Onstream
Saudi Aramco Shell Refinery (SASREF) has opened its Central Control Room and the Instrumentation Master Plan (IMP) Project, following a major upgrade. The IMP upgrade includes replacement...
Growing Markets Secure Hydrocarbon Growth
Brazil, China, India, Iran and Saudia Arabia are likely to see the highest growth in refining leading up to 2013, by which time they will make up 44% of the global refining capacity. In...
Crude Falls to $79
Crude prices declined to $79 a barrel today on disappointing economic data and predictions of low heating demand in the US. For February delivery, US crude fell by 37¢ to $79.02 a barrel...
Shell Takes Stake in Egypt Block
Shell Egypt said it has received government approval to buy a 40% stake in an oil and gas concession in Egypt's Western Desert. The company said that the current co-owners, GDF Suez...
Shell Shuts Down Ormen Lange
Cold winter weather has forced Royal Dutch Shell to close the Ormen Lange gas field in Norway, temporarily halting output. A Shell spokeswoman told Bloomberg that the situation is...
Santos to Sell Gladstone LNG
Australia's Santos said it is in talks to sell an equity stake in its Gladstone liquefied natural gas (LNG) export project, part of a move to boost growth. The company said it was...
Iran Petrochemical Output Exceeds 22 Million Tonnes
Iran's petrochemical production from domestic petrochemical complexes reached 22.693 million tonnes for the period from 21 March 2009 to 27 December 2009. The Mahshahr Petrochemical Complex...
December 2009
Top
Season's Greetings as hydrocarbons-technology.com Breaks for the New Year
The team at hydrocarbons-technology.com are breaking for the New Year holiday on 25 December. We will return with regular news updates on 4 January 2010. We would like to wish everyone...
Statoil Fined for Statfjord Oil Leak
Norway's Statoil has been fined US$4.26m (NOK25m) for the Statfjord A loading buoy oil leak. The oil giant was fined by the Rogaland county public prosecutor. The amount of crude...
Sipchem Completes Acetyls Complex Full Operation
The Saudi International Petrochemical Company (Sipchem) has completed the last step for full operation of the acetyls complex with the start-up of its vinyl acetate monomer (VAM) plant in...
ONGC to Raise $2.1bn for Unit Expansion
India-based Oil & Natural Gas Corp's (ONGC) Mangalore Refinery & Petrochemicals (MRPL) plans to borrow $2.1bn to expand its refinery and build a petrochemical plant. ONGC's...
Kayan to Begin Petrochemical Operations
Saudi Kayan Petrochemicals plans to commence operations at its primary units in its petrochemical complex in Jubail, Saudi Arabia in the second half of 2010. Kayan chairman Mutlaq...
Chevron Makes Australian Natural Gas Find
Chevron Corporation, through its subsidiary Chevron Australia, has made a natural gas discovery in the Carnarvon Basin, offshore Western Australia. The exploration well, Satyr-1, located...
US Loses Out in Iraq Oil Auction
US oil companies have been almost completely shut out of Iraq's second oil field auction as European and Asian companies won rights to develop the major fields. Major US oil companies...
Large-scale LNG Projects Necessary
Increasing global demand for natural gas can be met by large-scale liquefied natural gas (LNG) projects, according to ExxonMobil. Speaking at a panel presentation at the International...
Saudi Basic to Build New Petrochemical Plants
Saudi Basic Industries Corp (SABIC) has announced plans to build new petrochemical plants. SABIC CEO Mohamed al-Mady said the company is planning to increase its production of petrochemicals...
Ice Plugs in Leaky BP Line
A pipeline that leaked oily material onto the tundra at BP's oil field in Alaska was filled with extensive ice plugs, state officials have announced. The ice build-up within the line...
Sibur Targets Iran for Petrochemical Expansion
Sibur is in talks with the Iranian National Petrochemical Company (NPC) for the construction of petrochemical plants in Iran. Russian Energy Minister Sergei Shmatko said it is possible...
Cosmo Invests in South Korean Project
Japan-based Cosmo Oil will make a $600m investment in a South Korean 50:50 joint petrochemical project with Hyundai Oilbank. Hyundai Oilbank will supply land and associated production...
November 2009
Top
Total Transfers Stake in Kharyaga
Total has announced it will transfer a 10% stake in the Kharyaga oil field, Russia, to state-owned oil company Zarubezhneft. According to the agreement, Total will continue to function as...
China, Ecuador to Develop Oil
China and Ecuador have joined forces to develop an oil block in Ecuador that contains proven reserves of 120.1m barrels of heavy crude. China's Sinopec International Petroleum and...
India Opens New Oil Berth
India's Union Minister for Shipping, GK Vasan, has laid the foundation stone for a 10m tonne oil berth for IndianOil Corporation Limited (IOC) at Paradip Port. The berth is estimated to...
Shell Extends Gulf of Mexico and Kazakhstan Exploration
Shell is planning to extend its exploration of oil in the US Gulf of Mexico and Kazakhstan in a bid to maintain production output. Shell's international production and exploration...
DUC North Sea Oil Output Falls
The Danish Underground Consortium's (DUC) oil output from Denmark's section of the North Sea fell by almost 9% in October from September, operator AP Moller-Maersk said. Oil and...
Aker Signs Petrobras Subsea Deal
Oman Predicts Oil at $70 to $80 a Barrel in 2010
Oman expects oil prices to range between $70 and $80 a barrel in 2010, about 40% to 60% more than the $50 estimate the country is using to calculate its budget, Oman's national economy...
Oil Prices Stable at Below $78
Oil prices remained stable on Friday at below $78 a barrel after a stronger US dollar and low stock markets resulted in a 2% drop yesterday. December delivery for US crude increased by 29¢...
Marathon Identifies Areas of Growth
Following a comprehensive report on its global operations and a review of its strategic future plans to shareholders, Marathon Oil Corporation has revealed its key areas of growth. Three...
Statoil Prepares for Weak Gas Market
Norway's Statoil says it is ready to face a weak gas market as forecast by the International Energy Agency (IEA). The IEA says that by 2015 the European gas market will weaken and gas...
Oil Price Nears $80 as Crude Stocks Fall
US oil prices inched towards $80 a barrel today following the release of a report showing a decline in crude oil stocks last week, though gains were restricted by an uncertain outlook for...
Stogit Selects GE Oil & Gas for Northern Italy Gas Upgrades
GE Oil & Gas technology has been selected by Stogit, a Snam Rete Gas company focused on gas storage and modulation services, to upgrade two gas storage facilities in Northern Italy. The...
Pemex Awards Veracruz Pipeline Project to Copavisa
Mexico's state oil company Pemex has awarded a contract to Copavisa for the construction of pipelines for its Veracruz project. Copavisa won the tender for the project with a bid of $8.77m...
Taiwan-China Deal to Affect South Korean Petrochemicals
The proposed trade deals between Taiwan and China will affect the South Korean petrochemicals industry, according to industry traders. The economic cooperation framework agreement (ECFA),...
Suncor Secures Funds for Growth
Canada's Suncor Energy has said it will allocate C$5.5bn (US$5.23bn) towards its 2010 capital spending plan to boost projects and focus on oil sands operations. The plan, which has been...
PKN Orlen Shortlists Bidders for Anwil Sale
Polish oil refiner PKN Orlen said it has shortlisted three potential buyers for its petrochemical company Anwil. PKN Orlen will receive final offers after due diligence of the unit by...
Low Oil Prices Hit Indonesian Oil and Gas Revenues
Low oil prices affected Indonesia's oil and gas revenues in the first quarter of the year, the country's Energy and Mineral Resources Ministry has said. The ministry report says that oil...
GAIL Looks to Revive Petrochemical Project
Gas Authority of India Limited (GAIL) has initiated talks with domestic oil companies to establish a special purpose vehicle for developing an integrated refinery and petrochemicals plant in...
India's Andhra Petrochemicals to Enhance Plant Capacity
India's Andhra Petrochemicals said it is implementing a modernisation-cum-optimisation programme at its oxo-alcohols facility to enhance its production capacity. The modernisation...
Pemex Signs Raw Material Supply Deal
Mexican state oil company Pemex has signed an agreement with a consortium led by Brazil's Braskem to supply raw materials for a proposed petrochemicals plant in Mexico. According to...
Sumitomo and Saudi Aramco Complete Petrochemical JV
Japan's Sumitomo Chemical and Saudi Arabian Oil Co (Saudi Aramco) have formally announced the completion of their major petrochemical plant in Rabigh, Saudi Arabia. The ¥1tr (about $33bn)...
Petkim Awards Ethylene Project Contract to Shaw
Turkey's Petkim Petrochemical has awarded an engineering and procurement services contract to US engineering firm The Shaw Group to expand the capacity of its ethylene plant in Aliaga,...
Saudi Aramco Plans Gas Plant to Address Shortages
Saudi Aramco says that it plans to build the largest gas plant in Saudi Arabia, where gas shortages and rising demand from utilities and industries are causing concern. Saudi Aramco's...
Oil Falls Below $79 as Ida is Downgraded
Oil fell below $79 a barrel on 10 November as tropical storm Ide was downgraded from a hurricane and forecasts predicted US crude stockpiles to rise. US crude for December delivery fell...
Gulf Production Stops as Ida Nears
A number of oil and gas companies operating in the central Gulf of Mexico are shutting down production as Hurricane Ida leaves behind a trail of destruction in El Salvador and heads for the US...
Ida Raises Sea Level and Oil Price as it Approaches Gulf
The price of oil rose to $78 today – $1 up on yesterday – on fears Hurricane Ida could seriously affect production at US rigs and refineries at the Gulf of Mexico. Analysts...
Pemex Restarts Mexican Unit
Mexican state oil company Petroleos Mexicanos (Pemex) said it will restart acrylonitrile production at a petrochemicals plant in Mexico under an agreement with Brazilian firm Unigel. ...
Texas Regulator Fines Two Petrochemical Companies
The Texas Commission on Environmental Quality in the US has imposed fines on petrochemical companies Ineos and Chevron Phillips Chemical for emission and record-keeping violations. ...
Statoil Teams Up With China in Gulf of Mexico
Norway's Statoil has agreed to sell part of its interests in the US Gulf of Mexico to the China National Offshore Oil Corporation (CNOCC), the company announced today. Statoil spokesman...
StatoilHydro Launches New Brand
Norwegian energy giant StatoilHydro today launched a new brand identity, shortening its name to Statoil, represented by a single star to symbolise its journey towards becoming a global player,...
Apache Profit Drops but Production Rises
US-based oil and gas explorer Apache's net income for the third quarter stood at $441m, representing a 63% drop from $1.2bn in the same period last year, but future growth and “record...
October 2009
Top
Sinopec Profit May Fall
China Petroleum & Chemical Corp's (Sinopec) profit fell from a record in the second quarter and may decline further, analysts said. Asia’s biggest oil refiner reported a third-quarter...
India and Oman Study Under-Sea Gas Pipeline
India and Oman are continuing to study the possibility of an under-the-sea pipeline that could provide for New Delhi’s energy requirements in a big way, an Oman spokesperson said. ...
Lukoil Restarts Crude Processing at Odessa Refinery
Lukoil will restart crude processing at its Odessa refinery in Ukraine in early November after a month-long suspension. The plant will receive 205,000t (1.5 million barrels) of Urals...
Oil Set for Monthly Rise on US Demand Optimism
Crude oil is poised for its biggest gain in five months after a report showed the US economy grew in the third quarter, spurring optimism that fuel demand would increase. Oil rose...
GRS Gets Approval to Build California Storage Facility
Gill Ranch Storage (GRS) has received approval to construct and operate an underground natural gas storage facility near Fresno, California. The wholly owned subsidiary of Northwest Natural...
Shell to Cut Jobs as Profits Tumble
Europe's largest oil company Shell reported a 62% plunge in third-quarter earnings, adding that a “quick recovery” in energy demand and prices looked unlikely. Net income fell to $3.25bn...
Chevron to Ramp up Angola Production
Chevron's crude oil output in Angola will increase by 25% by 2011 with new finds expected to further boost the country's oil production, Chevron has announced. Chevron, a key oil producer...
Oil Edges Near $79 on Weak Equities
Oil edged down towards $79 a barrel on Wednesday on weaker Asian equities and a steady dollar. Losses were limited, however, after industry data showed a surprise large drawdown in US...
Libya Reinstates Ghanem as NOC Chairman
National Oil Corporation of Libya (NOC) has reappointed Shokri Ghanem as chairman of the company, an unexpected return to the top oil post in Libya. Ghanem was chairman of NOC from 2006 and...
BG Q3 Output Falls
British gas producer BG Group has posted a smaller-than-expected rise in output but a lower-than-forecast drop in third-quarter profits. BG said that production grew by 5% in the quarter...
Saudi Arabia Postpones Tender Deadline For Jizan Refinery
Saudi Arabia has extended the final date for the submission of bids to construct a crude oil refinery with capacity of about 400,000 barrels per day (bpd) to 7 November 2009. The tender for...
Molopo Starts Canada Oil Development
Molopo Australia, a company engaged in petroleum exploration and production of coalbed methane (CBM), has completed its first month of oil production and sales as an operating company in Canada. ...
BP Beats Forecasts Despite 50% Q3 Profit Drop
BP's third-quarter profits have more than halved from a year ago, hurt by lower oil and gas prices. Replacement cost profit between July and September fell 50% to $4.98bn (£3bn), down...
Oil Price Hovers at Less Than $79
The price of oil steadied at less than $79 a barrel on Tuesday, pausing after three straight days of decline. US crude for December delivery edged up $0.10 to $78.78 a barrel by 06.14...
Opec to Raise Output if Oil Hits $100
Opec ministers will raise output to protect the global economic recovery at a meeting in December if oil prices rise to $100 per barrel, the group's president has announced. Jose Botelho...
Rising Oil Price Turns On Production Targets
The continuing rise of oil prices could lead to an increase in output targets, according to members of the Organization of Petroleum Exporting Countries (Opec). Oil prices for New York...
CNOOC Receives Qatar LNG Shipment
State-owned China National Offshore Oil Corporation (CNOOC) has received its first cargo of liquefied natural gas from Qatar, according to Chinese newspaper reports. The first shipment, of...
BHP on Track to Deliver Growth in Oil Output
BHP Billiton is on track to deliver a 10% compound annual growth in petroleum production for the 2010 financial year, the company has announced. High growth in petroleum output was achieved...
Bangladesh Erects Subsea Pipe for Tankers
India’s state-run Bangladesh Petroleum Corporation (BPC) plans to erect a $132m, 65km subsea pipeline across the Bay of Bengal to decrease the amount time taken for unloading crude and refined...
China and Russia Sign Major Gas Deal
China National Petroleum and Russia's state-run natural gas monopoly Gazprom have signed a framework deal for the supply of natural gas to power-hungry China. The agreement entails a...
Sinopec to Start Petrochemical Complex
Chinese company Sinopec plans to start its $3.66bn (¥25bn) petrochemical complex in eastern China's Zhejiang province next year, it has been announced. The complex will produce 1...
Hyundai Wins Gorgon LNG Deal
South Korean shipbuilder Hyundai Heavy Industries has won a $1bn contract to fabricate 175,000t of liquefaction train modules for Chevron's Gorgon LNG project in Western Australia. The...
Shell Cuts Output at Brent Charlie Following Leak
Shell has cut output at its Brent Charlie platform in the North Sea following a hydrocarbons leak detected on 30 September. Shell was issued a prohibition notice from the Health &...
ConocoPhilips Predicts Drop in Q3 Profits
ConocoPhilips is anticipating poor exploration and production results in the third quarter of 2009 due to low natural gas prices in North America, the company has announced. According to the...
September 2009
Top
Vietnam Petrochemical Plant Underway
Kuwait's proposed joint venture petrochemical refinery complex in Vietnam is to go ahead as planned, according to government officials. The complex, worth $6bn, was inspected by Kuwaiti...
Korea's KNOC and Sinopec Sign Oil Accord
Korea's state-run oil company Korea National Oil Corp (KNOC) said that it has agreed to cooperate in overseas oil exploration, production and trading with oil refiner Sinopec Group. KNOC...
PetroChina's $4bn Complex Starts Operation
Chinese oil company PetroChina has started operations at its ¥30bn ($4bn) refining and chemical complex at Dushanzi in Xinjiang's northwestern province to boost the country's energy...
France Eyes Stake in Gazprom Pipeline
French energy giant EDF could take a 10% stake in Gazprom's South Stream pipeline, giving France a role in both new Russian gas links to Europe, according to Russian news reports. ...
Shell Plans Floating Oz LNG Facility
Anglo Dutch major Shell may be the first company to build a floating liquefied natural gas (LNG) plant off northern Australia, according to an energy consultant. Shell, Inpex and Santos...
Chevron Secures Sales Deals for Gorgon LNG
Chevron's Australian subsidiaries have secured three long-term sales and purchase agreements (SPAs) for the company's share of liquefied natural gas (LNG) in the Gorgon project, Australia. ...
Sinopec to Double Fujian Refinery Capacity
Sinopec has announced its plans to double the refining capacity of its joint venture company Fujian Refining & Petrochemical in China at an estimated cost of ¥24bn ($3.51bn). ...
Microbes Shine New Light on Oil Sands
Microbiologists in the UK have discovered a new technique that can be used in refining crude oil to eliminate pollution during oil extraction from tar sands. The research by the...
Baker Hughes to Open Oilfield Facilities in Canada
Oilfield services company Baker Hughes has announced it will open a purpose-built oilfield chemicals plant and a multi-purpose operations centre in Canada by October 2009. The 41,000 f2...
Monthly Ethylene Contracts Rise
The rise in the cost of naphtha and high demand for ethylene derivatives in August led September ethylene contracts in Europe to rise by €80 a ton, according to the International...
August 2009
Top
Arrow Announces Queensland Gas Project for LNG Production
Royal Dutch Shell's partner in Australia, Arrow Energy, has said that it will spend $251m on a coal-seam gas production project that will feed into Shell’s Curtis Island and Fisherman’s Landing...
India Considers Construction of $5.1bn Gas Plant in Iran
India is trying to convince Iran to allow it to build a $5.1bn, 5,000MW natural gas-fired power station in Iran, to help it overcome a mass energy shortage, Indian Power Secretary HS Brahma said. ...
Iraq Declares Opec Output Rise Unncessary
Iraqi Oil Minister Hussain al-Shahristani has said that there is no need to increase oil production in the upcoming meeting in September. Shahristani said that crude reserve levels are higher...
Santos Eyes Timor Sea LNG
Australian energy company Santos has sold a 60% stake in three gas fields in Darwin to French energy company GDF Suez as part of the joint venture agreement targeting the expansion of a...
Cairn and ONGC to Invest in Indian Oil Fields
Cairn India and its joint venture partner Oil and Natural Gas Corporation (ONGC) will invest Rs200bn ($4bn) by 2011 to boost production at Barmer oil fields in the Indian state of Rajasthan,...
Technip Bags Indonesia Oil Recovery Project
PT Chevron Pacific Indonesia has awarded Technip a services contract for its Minas field in Sumatra. Technip's Jakarta centre will provide engineering, project management,...
Statoil Plans Norwegian Plant Stoppage
Norwegian energy company StatoilHydro will shut its Hammerfest LNG plant at Melkoya, Norway, for three months, starting 15 August, for upgrading and maintenance work. The work will help the...
Pemex Requires Strong Oil Price to Keep Investments Afloat
The success of Mexico's state-owned Petroleos Mexicanos' (Pemex) investment plans relies on a strong oil price, Mexican Energy Minister and the company's chairwoman Georgina Kessel told...
Russia Deploys Army at Key Energy Export Routes
Russia, the world’s second largest oil exporter, has engaged its army to protect its key oil and gas export routes in the wake of possible terror threats. The army, in action since Monday,...
Shell Awards Floating LNG Contracts
Shell has signed an agreement with Technip and Samsung consortium to design, construct and install floating liquefied natural gas (FLNG) facilities. The consortium will facilitate the company...
Typhoon wrecks CPC gas pipeline
Typhoon Morakot has ruptured a liquefied natural gas pipeline and obstructed the supplies from another serving customers in southern Taiwan, according to officials at CPC Corporation. The...
India Launches Largest Oil and Gas Block Auction
India started its auction for the delayed eighth round of oil and gas blocks on 8 August, targeting $3bn in exploration investments under its new exploration and licensing policy...
Transgaz Records Profit Rise
Romanian state-owned gas pipeline operator Transgaz, a partner in the Nobucco gas pipeline project, reported a net profit of $58m (170m lei) for the first half of 2009-10, an 18.5% increase on...
Transgaz Reports Profit Rise
Romanian state-owned gas pipeline operator Transgaz, a partner in the Nobucco gas pipeline project, reported a net profit of $58m (170m lei) for the first half of 2009-10, an 18.5% increase on...
Workers Injured in "Serious" Accident at Total Petrochemicals Plant
Total has reported a "serious" accident at its Petrochemicals plant in Gonfreville, France, where two employees and two contractors were injured. In a statement Total said that...
Linc Energy and Aker Solutions Sign Gas Deal
Australia’s Linc Energy has struck a deal with Norway’s Aker Solutions to jointly develop the design of Linc's proposed 20,000bpd commercial gas-to-liquids facility planned for South Australia. ...
Sinopec Denies Seeking Change to Oil Price System
China's leading state-controlled oil and gas company Sinopec Group has denied reports that it sought changes in the oil pricing mechanism, which allows for official oil price changes to...
July 2009
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BP and Irving Scrap Canada Refinery Plan
BP and Irving Oil have decided to scrap their plans for the proposed second refinery at Saint John in Canada, due to economic difficulties brought about by the recession. The companies said...
Formosa to Build $12.4bn Petrochemical Project in Vietnam
Taiwan's Formosa plans to build a petrochemical and oil refinery complex in Vung Ang Economic Zone in the central province of Ha Tinh in Vietnam. The US$12.4bn project has a production...
Sinopec H1 2009 Refinery Output Up by Almost 2%
China Petroleum and Chemical Corporation (Sinopec), said that crude oil processing for the first half of 2009 has increased by 1.8% to 86.9 million tons compared with the first half of...
China Energy Companies to Build LNG Terminals at Nine Ports
Chinese state-owned companies China National Offshore Oil Corporation (CNOOC), Sinopec and PetroChina intend to construct LNG import terminals in nine Chinese ports in the next ten years to...
Yemen to Build New Oil Refinery
The Yemeni Government is geared up to construct a new refinery in its port city of Aden, the local Saba News Agency reported. It will replace the previous refinery to cope with the growing...
Crude Oil for August Delivery Trades At $61.40 a Barrel
Crude oil was slightly changed after rising on 15 July as equities rallied and China’s economy showed indications of rebounding from its weakest growth in almost a decade, Bloomberg...
Jordan’s Crude Imports Down by Nearly 65%
Jordan’s crude oil imports amounted to JOD312m in the first five months of 2009, down 64.7% compared with JOD884.4m a year ago, the Jordan Times reported. According to the country's...
Saudi Aramco and Total Award $9.6bn in Contracts
Saudi Aramco and Total have awarded engineering, procurement and contracting (EPC) contracts worth $9.6bn, Arab News reported. The contracts have been awarded to 13 companies for...
Nigeria’s Oil Production to Hit Nearly 3 Million Bpd by 2014
Nigeria’s crude oil production capacity is expected to decline to 2.46 million barrels per day (bpd) by 2014 from 2.48 million bpd in 2008. The figures follow more attacks by militants in...
CNOC and Total Add Processing to Oil Bid
The Washington Post reported on 6 July that France’s Total and China National Petroleum Corp have placed bids for two heavy-oil blocks being auctioned in Venezuela. It is unknown...
CNPC Starts Work on Oil Pipeline in South-Western Chad
China National Petroleum Corporation (CNPC), the parent of PetroChina Company, has begun work on an oil pipeline in south-western Chad, according to state media reports. Crude oil will...
June 2009
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Sinopec to Acquire Addax Petroleum for C$8.27bn
China state-owned oil refiner China Petroleum and Chemicals Corporation (Sinopec) has sealed a C$8.27bn (US$7.2bn) takeover deal to acquire Swiss oil explorer Addax Petroleum. The deal...
Blue Energy to Undertake Australian Galilee Pipeline Study
Blue Energy has commissioned Resource & Land Management Services (RLMS) to undertake a gas pipeline route study from its Galilee basin acreage (ATP813P) to several potential liquefied...
PetroChina to Invest in Ineos Scottish Refinery
PetroChina is in negotiations with British chemical company Ineos Group to acquire a stake in Grangemouth refinery, Bloomberg reports. If finalised the deal, which was revealed by a...
Crude Oil Drops on Concern Fuel Supply Will Rise
Crude oil dropped in New York for the second day on concerns that US gasoline stockpiles may rise because of weak demand during the recession, Bloomberg reported. Crude oil for July...
Salamander Spuds Indonesian Exploration Well
Oil and gas explorer Salamander Energy has spudded the South Sebuku-1 (SS-1) exploration well in East Kalimantan, Indonesia. The company said that the well could hold an estimated 30...
ExxonMobil Completes Expansion of Pegasus Pipeline
ExxonMobil Pipeline Company's Mobil Pipe Line Company has finished the expansion of the 858-mile Pegasus pipeline that operates from Patoka, Illinois to Nederland, Texas in the US. Capacity...
SATORP to Tender Jubail Refinery Deals
Saudi Aramco Total Refining and Petrochemical Company (SATORP) has finalised plans to award Engineering, Procurement and Construction (EPC) contracts for its Jubail joint venture refinery. ...
Indonesia Offers 24 Oil and Gas Blocks for Exploration
The Indonesian Government has formally opened bids for 24 new oil and gas blocks, the Director General of Oil and Gas Evita Legowo announced. Offshore blocks situated in South Sulawesi,...
SIPEC, NNPC Find Oil in Nigerian Delta
SIPEC, a subsidiary of China Petroleum & Chemical Corporation, and Nigerian Petroleum Development Company (NPDC) have jointly found crude in the Kakaku-1 well in oil mining lease (OML) 64 in...
China Poised to Start Burma Pipeline
China has announced it will build oil and gas pipelines through Myanmar (Burma) in September to shorten the journey time for crude imports from the Middle East and Africa. The construction...
Perupetro To Conduct New E&P Round
Peru's state hydrocarbons promotion agency, Perupetro, plans to initiate a new round of exploration and production (E&P) at the end of the June 2009, it has been revealed. About 17-19...
Russia, Kazakhstan to Join Neka-Jask Oil Pipeline Project
Russia and Kazakhstan could also take part in the 970-mile Neka-Jask oil pipeline that will connect the Caspian port of Neka and Jask in the Sea of Oman to regional oil providers. If...
S-Oil Invests in Asian Refinery Expansion
South Korea’s S-Oil is to invest KRW1.4tn ($1.1bn) to finish expanding its Onsan factory in Ulsan, South Korea, to meet a growing demand for petrochemical products from across Asia. S-Oil...
Socar Oil Refining Falls
The state oil company of the Azerbaijan Republic, Socar, has announced a decrease in oil refining by 7.3% in May. During the month, 474,220t of oil was refined, compared with 511,690t in...
Clough Secures PNG LNG Deal
Engineering and construction company Clough Curtain JV has struck a deal with Esso Highlands, a subsidiary of Exxon Mobil Corporation, for a liquid natural gas project (LNG) project in Papua...
Jacobs Engineering Expands BP's Whiting Refinery US Project
Jacobs Engineering is increasing its responsibility to include construction management (CM) services for the Whiting refinery modernisation project for BP Products North America. This...
Nigeria to Boost Domestic Gas Supply by 2013
Nigerian National Petroleum Company (NNPC) said that Nigeria is planning to add five billion cubic feet per day (cfd) to local gas supply by 2013. Nigeria suffers from chronic power...
May 2009
Top
Vietnam to Produce 400,000 Barrels of Oil Per Day Until 2030, Says US
The US Government has said that Vietnam may produce an average of about 400,000 barrels of oil a day until at least 2030. The US has suggested Vietnam should cease a four-year decrease...
CNOOC Takes Delivery of LNG Shipment from Indonesia
CNOOC has received delivery of the first liquefied natural gas (LNG) shipment from Indonesia in the southern area of Fujian province. Under a 25-year contract signed by CNOOC and Indonesia,...
Vopak to Build New Storage Terminal in Amsterdam Port
Royal Vopak (Vopak), a tank terminal operator, has taken the final investment decision to build and operate a new storage terminal for oil products in the Port of Amsterdam. The new...
UK Refinery Hit by Walkout Over Labour Row
Hundreds of workers have walked out of a UK oil refinery in protest over the hiring of local labour at two plants in Wales. The unofficial action began on Tuesday when contract workers at...
April 2009
Top
Carbon Capture Natural Process in Oil and Gas Fields
Carbon capture and storage has been found to be a natural process in oil and gas fields according to a report in science journal Nature, which says CO2 injected into an oil and gas field...
March 2009
Top
Total Found Liable for Buncefield Blast
Oil major Total must pay damages caused by an explosion at the Buncefield oil depot in Herfordshire, the High Court has ruled. The site, in Hemel Hemstead, England, was the scene of an...
January 2009
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StatoilHydro Points to Future Hydrocarbon Resources in the Arctic
Norwegian oil and gas company StatoilHydro has reiterated its focus on the hydrocarbon resources in the Arctic and the need to nurture new technology to access these resources. In October...
July 2008
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US Chemical Sector Likely to See New Wave of Deals
The US chemical sector is likely to see a new wave of deals in coming months, driven by strategic buyers looking to build a more profitable and streamlined portfolio of assets. ...
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