UK oil and gas company Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of Premier’s existing debt and cross-currency swaps. According to Premier’s statement on the 6th October,…
Rollercoaster moves in the US natural gas market over the past few weeks are underscoring traders’ uncertainty about whether a frigid winter, muted output and rebounding demand will send prices rocketing higher in the coming months. Gas futures settled more than 7% higher on…
Ørsted, the world’s leading offshore wind developer, and Yara, the world’s leading fertiliser company, have joined forces in developing a pioneering project aiming at replacing fossil hydrogen with renewable hydrogen in the production of ammonia with the potential to abate more than 100,000 tonnes of…
Siemens Gamesa has secured a series of orders for eight new wind farms in Pakistan during the company’s 2020 fiscal year, totalling 410 MW. These projects will position the company as one of the leading players in Pakistan’s nascent wind energy market. The…
Energean Israel has an agreement to purchase a field support vessel from Prime Marine Energy for US$33.25 million. The vessel is under construction to Energean’s specifications and will provide support to the Karish gas/condensate development in the Israeli sector of the Mediterranean. Services…
Jemena plans to extend its Eastern Gas Pipeline (EGP) from Sydney to the Hunter Valley region in northern New South Wales. The existing EGP pipeline runs 797 km from Victoria’s Bass Strait gas field hub at Longford up the east coast to Sydney and…
Public Services and Procurement Canada, on behalf of the Canadian Coast Guard, recently announced that it has awarded a US$1.7 million contract to Can-Ross Environmental Services Ltd of Oakville, Ontario for the acquisition of 10,000 feet of environmental response equipment known as Tidal Seal Boom. The contract includes…
Noble Energy Inc shareholders have approved the company’s acquisition by Chevron Corporation, cementing one of the US oil industry’s biggest transactions this year. The vote on the 2nd October during a virtual shareholder meeting came despite opposition from Elliott Management Corporation. The activist hedge fund was…
Swedish oil and gas company Lundin Energy has entered into an agreement with Idemitsu Petroleum to acquire its interests in a portfolio of licences in the Barents Sea offshore Norway. The agreement includes a working interest in the Wisting oil discovery and working interest…
Iranian Offshore Oil Company (IOOC) has installed the second new 1,000-ton platform at the Hendijan field in the Persian Gulf. Platforms 07 and 08 are designed to increase the field’s oil production capacity by 20,000 b/d, according to news service Shana. Facilities for…
