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18 January 2019
UGL wins contracts to provide maintenance services
CIMIC Group company UGL has won contract extensions to provide maintenance and turnaround services for its oil and gas clients in Australia.
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18 January 2019
Husky ends $4.95bn acquisition bid for oil sands firm MEG Energy
Husky Energy has ended the C$6.4bn ($4.95bn) acquisition bid for Canadian oil sands producer MEG Energy after failing to secure enough support from shareholders for the deal.
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18 January 2019
M&As this week: Pantheon Resources, Petrojam Limited, Kongsberg Gruppen
Pantheon Resources has signed an agreement to acquire Kaiser Francis’ 66.6% ownership interest in Vision Gas and Vision Resources (Vision), as well as the 33.3% working interest in VOS#1 well...
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17 January 2019
Chevron, Total and Reliance invest in blockchain-based platform Vakt
Three major oil companies Chevron, Total and Reliance Industries have invested in blockchain-based oil platform Vakt that manages physical energy transactions from trade entry to final settlement.
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17 January 2019
India approves $3.17bn Numaligarh refinery expansion project
India’s Union Cabinet has granted approval for a Rs225.94bn ($3.17bn) expansion of the Numaligarh refinery in the state of Assam to meet fuel demand in the north-eastern part of the...
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16 January 2019
BP and Eni sign agreement to explore Block 77 in Oman
BP and Eni have signed an agreement with the Ministry of Oil and Gas of the Sultanate of Oman towards the award of a new exploration and production sharing agreement...
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16 January 2019
United Oil & Gas and PVE win approval to develop Selva Gas Field
United Oil & Gas and Po Valley Energy (PVE) have secured preliminary approval from the Italian Government for their production concession application to develop the onshore Selva Gas Field.
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15 January 2019
Pantheon Resources to acquire KF’s 66.6% ownership in Vision
Pantheon Resources has signed an agreement with Kaiser Francis and associated limited partners (KF) to acquire the 66.6% ownership held by the latter in Vision Gas and Vision Resources (Vision).
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15 January 2019
Ophir Energy rejects Medco Energi Global’s $437m buyout offer
UK’s oil and gas exploration and production company Ophir Energy has rejected a potential £340m ($437m) buyout offer made by Indonesian oil and gas group Medco Energi Global.
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14 January 2019
US announces federal funds for oil and gas recovery research projects
The US Department of Energy’s (DOE) Office of Fossil Energy has announced federal funding to support research and development (R&D) to improve the efficiency of oil and gas recovery in...