Lukoil has closed on its $800 million purchase of a 25% non-operating interest in the Marine XII License area operated offshore Congo by ENI. African Global energy was the seller. New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited…
Baker Hughes, a GE company, announced the newest launch of its Bently Nevada Business business unit. Bently’s Orbit 60 Series is its next-generation condition monitoring and protection platform. Advantages of the Orbit 60 series according to a BHGE press release includes the following: • …
ПАО «ЛУКОЙЛ» сообщает о закрытии сделки по приобретению 25%-ной доли участия в проекте Marine XII в Республике Конго у Компании New Age M12 Holdings Limited. Сделка была закрыта после выполнения всех отлагательных условий, в том числе получения одобрения государственных органов Республики Конго. Справка Лицензионный участок Marine XII площадью 571 кв. км…
A consortium of Indian companies led by OVL India (ONGC Videsh) is to acquire a 49 per cent stake in Russia’s Rosneft Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at…
Sound Energy’s TE-10 gas discovery on Morocco’s Tendrara permit failed to find success while on test. While the well flowed gas to the surface, it did not achieve commercial flow rates following the stimulated well test. James Parsons, CEO, commented, “Whilst clearly disappointed with the outcome of the recent well…
Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tons per annum (Mtpa) of LNG offtake…
Oil and gas company Exxon Mobil could replace Russian gas thanks to an investment in the Romanian Black Sea. However, if this doesn’t happen by September, the Hungarian government is ready to begin negotiations with Russian suppliers for another long-term gas shipment agreement. “If Exxon Mobil doesn’t decide to invest…
Russia’s Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying. The Russian-led company has two pending route applications with Danish authorities,…
KBR wins Freeport LNG Development’s bid round for the engineering, procurement, construction, and commissioning (EPC) contract for Train 4 at Freeport LNG’s export facility near Freeport, Texas. “We are excited to be selected for this significant project, and to continue to grow our leadership position in gas monetization,” said Stuart…
The project company ICGB successfully completed the public procurement for design, procurement and construction (EPC) of the Greece-Bulgaria gas interconnector tender. Initial interest in the restricted procedure was expressed by 11 Bulgarian and foreign companies and consortia. The participant that best covers ICGB’s technical and financial requirements is J&P…