ConocoPhillips to buy Concho Resources in 2020’s biggest oil deal
ConocoPhillips has announced the purchase of Permian-focused driller Concho Resources in a $9.7bn...
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Colombia to award four onshore oil blocks to Canadian firms
Colombia’s National Hydrocarbons Agency (ANH) is set to sign contracts for four onshore oil blocks with two Canadian firms.
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Saudi Aramco has signed long-term agreements (LTAs) with eight companies for its oil and gas brownfield projects.
ADNOC and Total deliver first shale gas from UAE
Abu Dhabi National Oil Company (ADNOC) and French energy major Total have delivered the first unconventional gas from the United Arab Emirates (UAE).
ONGC expects merger of MRPL and HPCL to close in next financial year
India’s state-operated ONGC expects the merger of its subsidiaries Mangalore Refinery and Petrochemicals Limited (MRPL) and the recently acquired Hindustan Petroleum Corp Limited (HPCL) to close in next financial year.
Tullow Oil secures approval from Uganda for stake sale to Total
Tullow Oil has secured approval from the Government of Uganda for the divestment of its stake in an oil project to Total for $575m.
ConocoPhillips to buy Concho Resources in 2020’s biggest oil deal
ConocoPhillips has announced the purchase of Permian-focused driller Concho Resources in a $9.7bn deal, considered the largest shale deal this year, following choppy market conditions and slowdown resulting from the Covid-19 pandemic.
September’s top news stories
Hengyi Petrochemical reportedly planned to spend $13.65bn to build the second phase of a refinery and petrochemical complex in Brunei and US-based private equity firm Blackstone Group completed the sale of its 42% stake in Cheniere Energy Partners to Brookfield Infrastructure and funds managed by Blackstone Infrastructure Partners. Hydrocarbons-technology.com wraps up top new stories for September 2020.
Uganda and Tanzania sign agreement for oil pipeline construction
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445km crude oil pipeline.
Reliance Industries unveils oil-to-chemical business plan details
India-based Reliance Industries (RIL) has released a detailed plan carving out its oil-to-chemicals (O2C) business into a wholly-owned subsidiary, which can attract investors.
Trafigura to invest in upgrading Somaliland’s Berbera oil terminal
Singapore-based commodities trader Trafigura Group has delivered a first shipment of low sulphur gasoil to the Port of Berbera.
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