Funds affiliated with The Carlyle Group will acquire 30-40% of the Spanish integrated oil, gas, and chemical company Cepsa from sole shareholder Mubadala Investment Company of Abu Dhabi. In a statement, the companies said the deal is “based on an enterprise value of US$12…
In its largest single order to date, Scania will deliver 100 liquified gas trucks to KP Logistik, based in Stavenhagen, Germany. The Scania R 410 tractor units will be evenly split between KP Logistik’s centres in Stavenhagen and Wustermark, near Berlin. The trucks will…
Zennor Petroleum, through its subsidiary Zennor Pathway, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (Blocks 21/05c and 21/05d, Licence P2013). The development project is targeting 30mmboe of gas condensate reserves from two subsea production wells tied back…
Royal Dutch Shell Plc agreed to sell liquefied natural gas to a Japanese utility at prices which include a link to coal, the latest innovation in the booming LNG market where buyers are seeking to diversify risks. In what Shell and its customer, Tokyo…
The final weld has been completed which connects the offshore and near-shore sections of the TurkStream pipeline system in the Black Sea. The above water tie-in involved retrieving the nearshore pipeline and offshore pipeline from the seabed, lifting them above water and welding them together. …
Italian offshore contractor Saipem has been awarded new contracts in offshore drilling in Norway and Middle East totalling over US$200 million. Saipem said on the 4th April that one contract was signed with the German company Wintershall for the drilling of two wells plus…
The Speaker of the Lebanese Parliament has reportedly called for the restoration of an oil pipeline between Iraq and Lebanon, which ceased operation during the Iran-Iraq war more than 30 years ago. On the last of a four-day visit to Iraq, during which he…
GE Renewable Energy has been selected as the technology provider for the Phoenix onshore wind project in Aragón, Spain. The 342 MW project will be developed by Mirova, Engie and Forestalia and will create ten new wind parks in the Spanish community. The…
A federal judge in Alaska has overturned President Trump’s attempt to open vast areas of the Arctic and Atlantic oceans to oil and gas leasing. The decision issued on the 4th April by US District Court Judge Sharon Gleason leaves intact President Barack Obama’s…
ExxonMobil and Colombia’s Ecopetrol have each signed a 50-50 joint contract individually with Repsol for offshore exploration and production in offshore blocks in the Caribbean Sea. Repsol will remain the operator of the blocks—COL-4 and GUA-OFF-1. ExxonMobil is the partner in COL-4, and Ecopetrol…
