Tag archive for ‘Oil and gas news’
By businessnewstoday On Tuesday, April 3rd, 2018
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Total, Sonatrach start production from Timimoun gas project in Algeria

(adsbygoogle = window.adsbygoogle || []).push({}); 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 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...

By businessnewstoday On Monday, March 12th, 2018
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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
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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 Saturday, March 3rd, 2018
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Total acquires Marathon Oil Libya for $450m to enter Waha concessions

Energy acquisition news : French oil and gas major Total has acquired Marathon Oil Libya, a subsidiary of Marathon Oil for $450 million to take a stake of 16.33% in the Waha concessions. Currently, the Waha concessions More...

By businessnewstoday On Thursday, March 1st, 2018
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ExxonMobil pulls off Pacora oil discovery offshore Guyana in Stabroek Block

Pacora oil discovery : ExxonMobil has pulled off another oil discovery in the Stabroek Block, offshore Guyana after drilling the Pacora-1 exploration well. Partnered by Hess and CNOOC Nexen Petroleum Guyana, ExxonMobil More...

By businessnewstoday On Monday, February 19th, 2018
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Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore More...