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Report: India signs biggest long-term LNG contract in Q1

Thu, 25 May 2017 23:00:00 GMT

The biggest new long-term LNG supply contract signed in Q1 2017 was in India, according to a report by GlobalData.



Deals this week: Canadian Natural Resources, PBF Holding Company, Middle Fork Energy

Thu, 25 May 2017 23:00:00 GMT

Canadian Natural Resources intends to raise $1bn through the issue of 2.95% unsecured notes in a public offering, which will yield 2.978% upon maturity on 15 January 2023.



Renergen obtains funding to develop South African natural gas project

Thu, 25 May 2017 23:00:00 GMT

Renergen has secured funding of R218m ($16.72m) from South Africa’s state-owned Industrial Development Corporation (IDC) for the construction of pipeline and related installations.



M&As this week: Petronas, FrontRow Energy, Ineos Group

Thu, 25 May 2017 23:00:00 GMT

Petroliam Nasional Berhad (Petronas) plans to dispose 10% stake in Petronas LNG 9 Sdn Bhd (PL9SB) to the Government of Sarawak.



European Gas Pipeline Link (EUGAL)

Thu, 25 May 2017 23:00:00 GMT

European gas pipeline link (EUGAL) is a planned 485km-long natural gas transport network aimed at strengthening the supply of natural gas to Germany and Europe.



EP Energy forms JV with Tesoro for drilling in Uinta Basin

Thu, 25 May 2017 23:00:00 GMT

EP Energy and Tesoro have formed a drilling joint venture (JV) to finance oil and natural gas development in the former’s Altamont programme located in the Uinta Basin of Utah, US.



Cutting-Edge Pumping Solutions for the Oil and Gas Downstream Processing Industry

Thu, 25 May 2017 16:14:00 GMT

Sulzer understands the many sophisticated processes used in the oil and gas downstream processing industry.



Lower Fars Heavy Oil Development Project

Thu, 25 May 2017 10:37:00 GMT

The Lower Fars heavy oil development project aims to extract heavy oil from the Lower Fars reservoir of the Ratqa oil field, which is located in the northern part of Kuwait.



Abraxas Petroleum to acquire Wolfcamp / Bone Spring shale assets in US

Wed, 24 May 2017 23:00:00 GMT

US-based exploration and production company Abraxas Petroleum has signed an agreement to acquire 2,008 net acres and 33 barrels of oil equivalent per day in Ward County, Texas, prospective for the Wolfcamp / Bone Spring.



InfraStrata commences review of strategic option

Wed, 24 May 2017 23:00:00 GMT

InfraStrata has commenced a strategic review of its business plan, operational assets, development strategy, and its capital structure to maximise value for shareholders.



Linn Energy signs definitive agreement to divest properties in California

Wed, 24 May 2017 23:00:00 GMT

Linn Energy has signed a definitive agreement to divest its interest in properties located in the San Joaquin Basin, California, for a contract price of $263m to an undisclosed buyer.



Freedom Oil and Gas commences drilling of first well on Texas acreage

Tue, 23 May 2017 23:00:00 GMT

Freedom Oil and Gas has begun drilling the first well on its acreage in Dimmit County, Texas, targeting the Eagle Ford Shale.



CGG receives contract extension for dedicated processing centre in Oman until 2021

Tue, 23 May 2017 23:00:00 GMT

CGG has received an extension to its contract with Petroleum Development Oman (PDO) until the end of 2021 for the provision of subsurface imaging technology and services at its dedicated processing centre (DPC) in Muscat, Oman.



Oranto Petroleum submits interest to invest in Bioko Oil Terminal project in Equatorial Guinea

Tue, 23 May 2017 23:00:00 GMT

Nigeria’s Oranto Petroleum has submitted its interest in investing in the crude oil and petroleum products storage facility of Equatorial Guinea’s Bioko Oil Terminal (BOT) project.



Worthwhile Gases to establish LPG bottling plant in Bihar, India

Mon, 22 May 2017 23:00:00 GMT

India’s liquefied petroleum gas (LPG) bottling and marketing company Worthwhile Gases (WGPL) has initiated the process of setting up a bottling plant in Bihar, India.



Saudi Aramco signs $50bn agreements with US firms

Mon, 22 May 2017 23:00:00 GMT

Petroleum and natural gas company Saudi Aramco has signed agreements worth an estimated $50bn with multiple US companies to promote bilateral trade and investment between Saudi Arabia and the US.



Schlumberger signs MoU with Saudi Aramco

Mon, 22 May 2017 23:00:00 GMT

Schlumberger has signed a memorandum of understanding (MoU) with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap.



Burckhardt Compression Wins Modernisation Contract for MOL Petrochemicals’ Hyper Compressor

Mon, 22 May 2017 08:37:00 GMT

Swiss firm Burckhardt Compression is pleased to announce it was selected to carry out modernisation works on MOL Petrochemicals' third-party Hyper Compressor at its low-density polyethylene (LDPE) plant in Tiszaújváros, Hungary, which has been in ope…



Chisholm Energy Holdings acquires its first asset in Delaware Basin, New Mexico

Sun, 21 May 2017 23:00:00 GMT

US-based oil and gas company start-up Chisholm Energy Holdings has completed the acquisition of its first asset, located in the New Mexico region of the Delaware Basin.



Wood Group signs support services agreement with Sakhalin

Sun, 21 May 2017 23:00:00 GMT

UK-based Wood Group has been awarded a technical support services (TSS) contract by Sakhalin Energy Investment Company, which operates the Sakhalin-2 oil and gas project.