Tag archive for ‘Oil and gas industry news’
By businessnewstoday On Sunday, September 8th, 2019

Snefrid Nord gas field in Norwegian Sea brought on stream by Equinor

(adsbygoogle = window.adsbygoogle || []).push({}); The Snefrid Nord gas field located in the Norwegian Sea has been brought into production by Equinor and its partners through a subsea tieback to More...

By Raghuram Kadari On Saturday, September 7th, 2019

Arctic LNG 2 Project in Russia moves ahead with final investment approval

Arctic LNG 2 Project : Novatek, Total and the other participants have approved the final investment decision (FID) for a liquefied natural gas (LNG) development on the Gydan peninsula in the Russian Arctic region, More...

By Raghuram Kadari On Thursday, September 5th, 2019

Johan Sverdrup oil field set to commence production ahead of schedule

Equinor and its partners Lundin Norway, Petoro, Aker BP and Total are planning to commence production at Johan Sverdrup oil field in the Norwegian North Sea during the month of October, one month ahead of schedule, More...

By Raghuram Kadari On Thursday, September 5th, 2019

Concho Resources to sell New Mexico Shelf assets for $925m, eyes $1.5b stock buyback

Concho Resources, a US shale producer focused on the Permian Basin of West Texas and New Mexico, has agreed to divest its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners for $925 million, More...

By businessnewstoday On Thursday, August 15th, 2019

Tullow Oil makes maiden oil discovery in Orinduik block offshore Guyana

Orinduik block oil discovery : Tullow Oil and partners have made an oil discovery in the Orinduik block in the Suriname Guyana basin through the drilling of the Jethro-1 exploration well, as per the latest oil and More...

By Raghuram Kadari On Tuesday, August 13th, 2019

McDermott wins contract for PetroLogistics propane dehydrogenation plant

McDermott International has received a front-end engineering design (FEED) contract from PetroLogistics ll LLC for a propane dehydrogenation plant (PDH plant) in the US Gulf Coast. The contract, valued between $1 More...

By businessnewstoday On Friday, August 9th, 2019

US midstream crude company Oryx Midstream raises $550m from QIA

Oryx Midstream Services, a US midstream crude company in the Permian Basin, has secured an equity investment of around $550 million from an affiliate of Qatar Investment Authority (QIA), a Qatari state-owned investment More...

By businessnewstoday On Sunday, August 4th, 2019

PowerNap deepwater field : Shell to move ahead with subsea tie-back

Royal Dutch Shell announced that its subsidiary Shell Offshore will move ahead with the PowerNap deepwater field in the US Gulf of Mexico having reached a final investment decision (FID), as per the latest oil and More...

By businessnewstoday On Saturday, August 3rd, 2019

Alliance Resource Partners buys Midland Basin assets from Wing Resources

Energy acquisition news : Alliance Resource Partners (ARLP), an Oklahoma-based natural resource company, has completed a previously announced $145 million acquisition of oil and gas mineral interests from Wing Resources More...

By businessnewstoday On Wednesday, July 31st, 2019

Shell wraps up $965m sale of Caesar Tonga oil field stake to Equinor

Energy acquisition news : Shell Offshore, a subsidiary of Royal Dutch Shell, has wrapped up its previously announced $965 million sale of 22.45% stake producing Caesar Tonga oil field in the US Gulf of Mexico to More...