Polish Oil and Gas Company (PGNiG) and Venture Global have signed 20-year sales and purchase agreements under which the former will receive US-sourced liquefied natural gas for domestic customers or for resale, Venture Global reported on the 17th October. “These are the first long-term…
Total and Adani Group have signed an agreement to develop multi energy offers to the Indian energy market jointly. This cooperation includes Liquefied Natural Gas and Fuel Retail. The Adani Group is an Indian private conglomerate active in 50 countries and specialised in commodities…
Wintershall CEO Mario Mehren outlined the company’s growth plans offshore Norway during a visit to Berlin by Norway’s Prime Minister Erna Solberg. The company, which will merge its operations with DEA to form Wintershall DEA, expects to increase its production globally from around 575,000…
BP has started production from its Thunder Horse Northwest Expansion project in the deep-water Gulf of Mexico, four months ahead of schedule. Per BP, the project was delivered 15 percent under budget. The project achieved first oil 16 months after being sanctioned. It…
Canadian oil company Husky Energy has selected Dutch offshore and dredging services specialist Van Oord to do offshore installation works at the West White Rose development Project of the east coast of Newfoundland. The West White Rose Project, sanctioned in May 2017, will be…
Verisk Maplecroft’s near term view of Saudi Arabia’s oil and gas industry is “cautiously optimistic,” according to Torbjorn Soltvedt, Verisk’s principal analyst for the Middle East and North Africa. “This owes a lot to the current oil price environment and more to Riyadh securing…
Italian oil company Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1,500 kilometres to the north east of the capital Maputo offshore Mozambique. …
Norwegian Energy Company ASA (Noreco) has acquired from Royal Dutch Shell Plc the company’s upstream interests in Denmark via its shares in Shell Olie-og Gasudvinding Danmark BV (SOGU) in a deal valued at US$1.9 billion. SOGU, a wholly owned Shell subsidiary, holds a 36.8%…
Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation (south-east of Moscow). The grand opening ceremony took place on the 16th October in the presence of Anatoly Artamonov, Governor of the Kaluga Region,…
Faroe Petroleum has received permission from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well on the Brasse Øst prospect in the North Sea. The semi-submersible Transocean Arctic should spud well 31/7-3 this month in 124 metres (407 feet) of water on production…
