Tag archive for ‘Oil and gas industry news’
By Soujanya Ravi On Sunday, September 30th, 2018
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Verus Petroleum announces $400m acquisition of North Sea operator Cieco

(adsbygoogle = window.adsbygoogle || []).push({}); Verus Petroleum acquisition of Cieco : Scottish oil and gas company Verus Petroleum, has signed a $400 million Sale & Purchase Agreement (SPA)  with More...

By businessnewstoday On Saturday, September 29th, 2018
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ExxonMobil, Qatar Petroleum win Tita exploration block offshore Brazil

Oil and gas industry news : ExxonMobil and Qatar Petroleum (QP) have bagged rights for the Tita exploration block offshore Brazil during the country’s 5th pre-salt bid round. While ExxonMobil will be the operator More...

By Soujanya Ravi On Saturday, September 8th, 2018
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Eclipse Resources, Blue Ridge to merge as $1.4bn Utica-focused gas operator

Energy acquisition news : Rival oil and gas companies Eclipse Resources and Blue Ridge Mountain Resources have signed an all-stock merger deal to form a $1.4 billion Utica-focused gas operator. While Eclipse Resources More...

By businessnewstoday On Sunday, June 24th, 2018
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Mubadala Petroleum joins Shorouk Block in Egypt through $930m deal with Eni

Energy acquisition news : Abu Dhabi-based Mubadala Petroleum has forayed into the Shorouk Block, an Egyptian offshore concession in the Mediterranean Sea by completing its acquisition of a stake of 10% for $930 More...

By businessnewstoday On Tuesday, June 19th, 2018
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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
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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
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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
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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
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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
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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...