Tag archive for ‘Oil and gas industry news’
By businessnewstoday On Monday, December 17th, 2018

Qatar Petroleum to join Eni as partner in $2bn Area 1 project offshore Mexico

(adsbygoogle = window.adsbygoogle || []).push({}); Oil and gas industry news : Qatar Petroleum is all set to join Eni as a partner in the offshore Area 1 project, which is being developed in Mexico with More...

By businessnewstoday On Saturday, December 8th, 2018

Noble Energy Partners acquires stakes in Bakken and Eagle Ford shale assets

Oil and gas industry news : Noble Energy Partners has acquired stakes and overriding royalty interests across 13 Bakken and two Eagle Ford Shale horizontal wells and associated pipeline infrastructure in the US More...

By businessnewstoday On Sunday, November 25th, 2018

BP starts production from £4.5bn Clair Ridge project in Scottish waters

Oil and gas industry news : BP and its partners have commenced production from the £4.5 billion worth Clair Ridge project located in Scottish territorial waters to exploit an estimated seven billion barrels of More...

By businessnewstoday On Saturday, November 24th, 2018

Chevron’s $4bn Big Foot project in US Gulf of Mexico enters into production

Oil and gas industry news : Chevron and its partners have started production from the $4bn Big Foot project – a deepwater oil and gas project in the US Gulf of Mexico. The crude oil and natural gas production More...

By businessnewstoday On Monday, November 19th, 2018

Expro bags 4-yr contract extension from BP for Shah Deniz Stage 2 project

UK-based oilfield services company Expro has secured a four-year contract extension from BP for the $28 billion Shah Deniz Stage 2 project offshore Azerbaijan as per the latest oil and gas industry news. Shah Deniz More...

By businessnewstoday On Sunday, November 18th, 2018

Total and partners sign MoU of gas agreement for Papua LNG Project

Oil and gas industry news : French oil and gas giant Total alongside its partners ExxonMobil and Oil Search has signed a Memorandum of Understanding (MoU) with the Papua New Guinea (PNG) government to establish More...

By Soujanya Ravi On Sunday, September 30th, 2018

Verus Petroleum announces $400m acquisition of North Sea operator Cieco

Verus Petroleum acquisition of Cieco : Scottish oil and gas company Verus Petroleum, has signed a $400 million Sale & Purchase Agreement (SPA)  with Japanese commodity trading house Itochu to acquire its subsidiary More...

By businessnewstoday On Saturday, September 29th, 2018

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

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

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...