Tag archive for ‘Oil and gas industry news’
By businessnewstoday On Sunday, June 24th, 2018

Mubadala Petroleum joins Shorouk Block in Egypt through $930m deal with Eni

(adsbygoogle = window.adsbygoogle || []).push({}); Energy acquisition news : Abu Dhabi-based Mubadala Petroleum has forayed into the Shorouk Block, an Egyptian offshore concession in the Mediterranean More...

By businessnewstoday On Tuesday, June 19th, 2018

Baytex Energy to acquire rival Canadian oil and gas producer Raging River for $2.1bn

Energy acquisition news : Canadian oil and gas producer Baytex Energy has agreed to acquire its rival Raging River Exploration in a deal worth CAD2.8 billion ($2.13 billion) to create a top oil-weighted producer More...

By businessnewstoday On Tuesday, April 3rd, 2018

Total, Sonatrach start production from Timimoun gas project in Algeria

Oil and gas industry news : Total, Sonatrach and Cepsa have started production from the Timimoun gas project in Algeria, almost nine years after the approval of its development plan by the Algerian National Oil More...

By businessnewstoday On Sunday, March 18th, 2018

Total to pay ADNOC $1.45bn to join Abu Dhabi offshore concessions

Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the More...

By businessnewstoday On Saturday, March 17th, 2018

OMV to buy out Shell’s stakes in offshore New Zealand gas fields for $578m

Oil and gas industry news : OMV, an Austrian oil and gas company has struck a deal of $578 million to buy the upstream business of Royal Dutch Shell in New Zealand. As part of the deal, OMV will acquire Shell’s More...

By businessnewstoday On Tuesday, March 13th, 2018

Statoil to invest $642m for further development of Snohvit field in Norway

Oil and gas industry news : Statoil and its partners will invest a little over NOK 5 billion ($642 million) for further development of the Snohvit field in offshore Norway by bringing the Askeladd field into production More...

By businessnewstoday On Monday, March 12th, 2018

Eni buys stake in Abu Dhabi offshore oil and gas fields in UAE for $875m

Eni has signed a couple of concession agreements to acquire a stake of 5% and 10% in the Lower Zakum offshore oil field and the Umm Shaif and Nasr oil, condensate and gas offshore fields, respectively in offshore More...

By businessnewstoday On Monday, March 12th, 2018

Eni to sell 10% stake in Shorouk concession to Mubadala Petroleum for $934m

Oil and gas industry news : Italian oil and gas company Eni has struck a deal to divest a stake of 10% in the Shorouk concession, offshore Egypt, containing the super-giant Zohr gas field to Mubadala Petroleum for More...

By businessnewstoday On Saturday, March 3rd, 2018

Fluxys and Snam to buy out CDPQ’s stake in Interconnector UK pipeline

Oil and gas industry news : Fluxys and Snam will buy out the 33.5% stake of Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) in the Interconnector UK pipeline in the southern North Sea for about More...

By businessnewstoday On Sunday, September 10th, 2017

CEFC China Energy to buy $9.1bn worth stake in Russian oil giant Rosneft

Energy acquisition : In the latest oil and gas industry news, CEFC China Energy Company has agreed to buy a stake of 14.16% in Russian oil giant Rosneft Oil Company for $9.1 billion from the consortium of Swiss More...