Tag archive for ‘Oil and gas industry news’
By businessnewstoday On Tuesday, March 2nd, 2021
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BPCL board sanctions stake sale in Numaligarh Refinery for $1.3bn

(adsbygoogle = window.adsbygoogle || []).push({}); Bharat Petroleum Corporation Limited (BPCL) said that its board of directors has approved the sale of the company’s stake of 61.65% in the Numaligarh More...

By businessnewstoday On Monday, February 22nd, 2021
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Neptune Energy to acquire stakes in German oil and gas fields from Wintershall Dea

Neptune Energy has agreed to acquire stakes from Wintershall Dea across various oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany. The financial terms of the deal were not disclosed. The More...

By oilandgasnews365 reporter On Monday, February 15th, 2021
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BPCL Kochi refinery : $830m propylene derivative petrochemical complex inaugurated by PM Modi

Narendra Modi, the Prime Minister of India, has inaugurated an INR 60 billion ($830 million) propylene derivative petrochemical complex at the BPCL Kochi refinery in Kerala. The propylene derivative petrochemical More...

By oilandgasnews365 reporter On Saturday, February 13th, 2021
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ARC Resources, Seven Generations Energy sign $6.3bn merger deal

Canadian oil and gas companies ARC Resources and Seven Generations Energy have agreed to merge in an all-stock deal worth nearly CAD 8.1 billion ($6.38 billion) with an objective to become a leading producer in More...

By oilandgasnews365 reporter On Thursday, February 4th, 2021
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Golden Eagle development : EnQuest to acquire Suncor’s stake in $375m worth deal

EnQuest has signed a deal worth up to $375 million to acquire Suncor Energy UK’s entire stake of 26.69% in the Golden Eagle development in the UK North Sea. As per the terms of the deal, the UK-based oil and gas More...

By oilandgasnews365 reporter On Thursday, February 4th, 2021
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Reliance Industries signs $250m deal to offload US shale assets to Northern Oil and Gas

Reliance Industries has signed a $250 million worth deal to offload its stake in some producing assets in the Appalachian Basin in US held by its fully-owned subsidiary Reliance Marcellus to Delaware-based Northern More...

By oilandgasnews365 reporter On Monday, February 1st, 2021
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BP to sell 20% stake in Oman’s Block 61 to PTTEP for $2.6bn

Oil and gas giant BP has signed a deal worth $2.6 billion to divest a 20% participating stake in the producing Block 61 in Oman to Thailand-based PTT Exploration and ‎‎Production Public Company (PTTEP). ‎Upon More...

By oilandgasnews365 reporter On Sunday, January 31st, 2021
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DOF Group wins contract for Skandi Kvitsøy PSV in North Sea

The DOF Group has been awarded a long-term contract for the Skandi Kvitsøy offshore supply ship in the North Sea from an undisclosed multinational energy company. The Norwegian supply shipping company did not disclose More...

By oilandgasnews365 reporter On Sunday, January 31st, 2021
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Equinor Energy gets NPD nod for drilling well 31/11-1 S in PL 785 S

Equinor Energy has secured drilling permit from the Norwegian Petroleum Directorate (NPD) for well 31/11-1 S in production licence 785 S (PL 785 S) in the Norwegian North Sea. The company will drill well 31/11-1 More...

By oilandgasnews365 reporter On Sunday, January 31st, 2021
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Petrobras makes oil discovery in CM-411 block with Urissanê well

Petrobras has discovered the presence of hydrocarbons in the CM-411 block in the Campos Basin pre-salt, offshore Brazil, through the drilling of the Urissanê well (1-BRSA-1377-RJS well). The Urissanê well, which More...