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Tullow Oil makes maiden oil discovery in Orinduik block offshore Guyana

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 gas industry news. The Jethro-1 well, which was drilled by the Stena Forth drillship to a total depth […]

McDermott wins contract for PetroLogistics propane dehydrogenation plant

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 million and $50 million, will include the development of a propane dehydrogenation plant. The plant with a design basis of 500,000-tonne per year is […]

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

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 firm. Qatar Investment Authority has acquired a significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners. The Qatari […]

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

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 gas industry news. Located in the south-central Mississippi Canyon area, about 240km from New Orleans, the PowerNap deepwater field will […]

Alliance Resource Partners buys Midland Basin assets from Wing Resources

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 and Wing Resources II (collectively, Wing Resources) in the US Midland Basin. The acquisition expands the footprint of Alliance Resource Partners in the Permian Basin […]

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

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 Equinor’s subsidiary Equinor Gulf of Mexico. Originally, Shell signed a deal with Israel’s Delek Group to sell its non-operated […]

USGC petrochemicals project II to be built by Chevron Phillips Chemical and Qatar Petroleum

USGC petrochemicals project II to be built by Chevron Phillips Chemical and Qatar Petroleum

USGC petrochemicals project II agreement: Chevron Phillips Chemical Company and Qatar Petroleum have signed an agreement in the White House to jointly develop a new mega-petrochemical plant in the US Gulf Coast, to be named as the US Gulf Coast II Petrochemical Project (USGC petrochemicals project II). The USGC II petrochemical project is planned to […]

Edison to offload oil and gas business to Mediterranean-focused Energean

Edison to offload oil and gas business to Mediterranean-focused Energean

Energean acquisition of Edison E&P : Italian energy company Edison has signed a deal worth up to $850 million to offload its oil and gas business, which operates under the name  Edison Exploration & Production (Edison E&P), to Mediterranean-focused Energean Oil and Gas. Edison, which is a subsidiary of French state-owned energy company Électricité de […]

Mozambique LNG project FID taken by Anadarko and partners

Mozambique LNG project FID taken by Anadarko and partners

Mozambique LNG project FID : Anadarko Petroleum and its Mozambican Offshore Area 1 partners have made a final investment decision (FID) on the Mozambique LNG project, an onshore natural gas liquefaction project to be developed with an investment of $20 billion in Cabo Delgado province. As per the latest oil and gas industry news, the […]

Culzean gas field in UK North Sea brought into production by Total

Culzean gas field in UK North Sea brought into production by Total

Oil and gas industry news : French oil and gas giant Total and its partners in Block 22/25a in the UK North Sea have started production from the Culzean gas field, which is estimated to contain 250-300 million barrels of oil equivalent reserves. Total with a stake of 49.99% is the operator of the Culzean […]


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