News

  • Murphy Oil Exits Malaysia

    Murphy Oil Corporation reported on the 10th July that it has completed the sale of its Malaysia portfolio to a unit of PTT Exploration and Production Public Company Ltd. (PTTEP).   Murphy will receive approximately US$2.035 billion in proceeds from the transaction, and the company…

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  • CNOOC, Sinopec sign pact for studies offshore China

    Chinese oil giant CNOOC and Sinopec have signed a cooperation agreement under which they will conduct studies related to joint exploration and facility sharing offshore China.   CNOOC said in a statement on the 10th July that the cooperation framework agreement with Sinopec would cover…

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  • OG Oil & Gas makes new tilt at NZOG

    Eyal Offer’s Singapore-based OG Oil & Gas (OGOG) has made a new bid to acquire all the 30% of New Zealand Oil & Gas (NZOG) shares which it does not already own.   The two companies have entered a scheme implementation agreement under which OGOG…

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  • Salman platform offshore Iran close to delivery

      Construction is nearing completion of the 1,000-ton S1 platform topsides for the Salman oil field development in the Persian Gulf.   According to news service Shana, the Khorramshahr Yard in Iran is also working on the A20 and A21 platforms for the Abouzar field….

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  • Tlou Energy announces Lesedi CBM project gas flow testing update

    Tlou Energy has announced that the Lesedi 4 production pod has successfully reached Critical Desorption Pressure (‘CDP’). CDP is the pressure that gas begins to come out of the coal after a careful dewatering process.   Highlights   The Lesedi 4 pod has reached CDP Short…

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  • US$3.5 billion-Plus Saudi Aramco Contracts Go to Saipem

    Saudi Aramco has awarded Saipem two new engineering and construction contracts worth more than US$3.5 billion, Saipem reported on the 9th July.   Under the engineering, procurement, construction and installation (EPCI) projects, Saipem’s Onshore E&C division will develop the land facilities tied to Saudi Aramco’s…

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  • Dutch heavy lifter Mammoet in talks to buy UK rival ALE

    Dutch heavy lifting and transportation company Mammoet and its UK rival ALE have revealed they have been in talks over a purchase agreement.   In a statement on the 8th July, the two companies said that, if the talks are successful, Mammoet would acquire the…

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  • Eni negotiating for area off Kazakhstan

    Eni, the Ministry of Energy of Kazakhstan and state-owned KazMunayGas (KMG) have signed a protocol of direct negotiations for hydrocarbon exploration and production rights in the Abay area of the northern Caspian Sea.   The block is about 50 kilometres from the coast in water…

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  • Total Starts Up the La Mède Biorefinery

    Total has started up production at the La Mède biorefinery in south-eastern France, with the first batches of biofuel coming off the line.   It is the final step in converting a former oil refinery into a new energies complex. Launched in 2015, the project…

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