Tag archive for ‘Oil and gas industry news’
By businessnewstoday On Saturday, April 13th, 2019
0 Comments

Delek Group to acquire Shell’s stake in Caesar Tonga oil field for $965m

(adsbygoogle = window.adsbygoogle || []).push({}); Oil and gas industry news : Delek Group has agreed to acquire a stake of 22.45% in the producing Caesar Tonga oil field in the US Gulf of Mexico from More...

By businessnewstoday On Sunday, March 31st, 2019
0 Comments

Murphy Oil to offload Malaysian oil and gas assets to PTTEP in $2.1bn deal

Oil and gas industry news : Murphy Oil has signed a deal to divest its Malaysian assets to Thai state-owned company PTT Exploration and Production’s subsidiary PTTEP HK Offshore in an all-cash deal worth $2.127 More...

By businessnewstoday On Saturday, March 30th, 2019
0 Comments

TechnipFMC wins subsea contract for Johan Sverdrup Phase 2 project

Oil and gas industry news : TechnipFMC has bagged a subsea contract from Equinor for the $4.83 billion Johan Sverdrup Phase 2 project in the Norwegian waters of the North Sea. Johan Sverdrup Phase 2 project contract As More...

By Soujanya Ravi On Sunday, March 3rd, 2019
0 Comments

BHP sanctions $696m funding for the Atlantis Phase 3 project

Oil and gas industry news : BHP has approved $696 million funding for the Atlantis Phase 3 project, an offshore oil project in the US Gulf of Mexico to be developed with an investment of $1.3 billion. BHP holds More...

By Soujanya Ravi On Tuesday, February 19th, 2019
0 Comments

ADNOC awards Abu Dhabi Onshore Block 3 rights to Occidental Petroleum

US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3 from the Abu Dhabi National Oil Company (ADNOC) for a participation fee of AED893 million ($244 million). The More...

By businessnewstoday On Monday, December 17th, 2018
0 Comments

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

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 an investment of $2.0 billion. The Qatar state-owned petroleum More...

By businessnewstoday On Saturday, December 8th, 2018
0 Comments

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
0 Comments

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
0 Comments

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
0 Comments

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...