Polish Oil & Gas Co. (PGNiG) has signed a Memorandum of Understanding to form a strategic partnership with Mari Petroleum Company Ltd, Pakistan’s second-largest producer of natural gas. The MoU provides for cooperation in exploration and production in and outside Pakistan. Mari Petroleum…
Petsec Energy has completed the transaction with Oil Search to acquire all of the shares of its subsidiary Oil Search (ROY) Limited which holds a 40% working interest (34% participating interest) in the Al Barqa (Block 7) licence and operatorship, in the Republic of Yemen….
Total SA has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC). As part of the deals, Total has been granted a 20 percent interest in the Umm…
Westinghouse Electric Company has announced that it has completed a major decommissioning project at the former Barsebäck nuclear power plant in Skåne, Sweden. Barsebäck Unit 2 ceased operation in 2005 and decommissioning work began in August 2016. Westinghouse’s scope of work included the underwater…
Siemens’ Dresser-Rand business recently commissioned an LNGo-HP (high-pressure) micro-scale natural gas liquefaction system for Altagas Ltd in Dawson Creek, British Columbia. The modular, expandable LNGo technology enables efficient installation, especially in a demanding environment like Dawson Creek. The Dawson Creek facility, with a capacity…
Eni and Sonangol have commenced oil production from the Ochigufu project, located in Block 15/06 of Angola’s deep offshore. The field, which is located approximately 93 miles west from Soyo, will add 25,000 barrels to current production levels, according to Eni. Production start-up…
Japan Oil, Gas and Metals National Corp (JOGMEC) has announced that it will provide equity financing to INPEX North Caspian Sea (INCS), a subsidiary of INPEX, which holds a 7.56% equity interest in the Kashagan project. Located in the Kazakhstan sector of the Caspian…
Spirit Energy has approval from Norway’s Petroleum Safety Authority for the jack-up Maersk Interceptor to start development drilling on the Oda field in the southern Norwegian North Sea. Oda, in 66 metres (216 feet) water depth on licence PL405, is ten kilometres (6.2 miles)…
Petoro Iceland has relinquished its last remaining licence offshore Iceland. The company, as subsidiary of Norwegian state-owned entity Petoro, was originally awarded three licences during 2013-2014. It had dropped the first two after completing the initial work commitment. IS2014/1, the third licence which…
OMV AG, Vienna, has reported it would acquire the upstream assets in New Zealand for US$578 million from Royal Dutch Shell Plc. The deal adds recoverable resources of as much as 100 million boe to OMV’s portfolio, the company said. The company noted…
