Latest Posts Under: Oil and gas industry news

CNOOC makes Kenli 6-1 oil discovery in Bohai Bay, offshore China

The China National Offshore Oil Corporation (CNOOC) has claimed to have pulled off a large-sized discovery Kenli 6-1 in Bohai Bay, which it expects to become the first large-sized oil filed in Laibei lower uplift. The Chinese state-owned oil and gas company said that the Kenli 6-1 structure is located in Laibei lower uplift in […]

TC Energy’s NGTL to acquire Pioneer Pipeline from Tidewater and TransAlta

NGTL acquisition of Pioneer Pipeline : NOVA Gas Transmission Limited (NGTL), a fully-owned subsidiary of TC Energy is set to acquire the Pioneer Pipeline, a 131km long natural gas pipeline in Alberta, Canada for CAD255 million ($183.45 million). In this connection, NGTL has signed a letter of intent with Tidewater Midstream and Infrastructure and TransAlta […]

Martin Linge field : Equinor reports novel coronavirus case on offshore platform

Equinor coronavirus case : Oil and gas giant Equinor revealed that one of its personnel at the Martin Linge field in the Norwegian North Sea has been found to have contracted the novel coronavirus. Currently, the Martin Linge field is under construction and is targeted to begin production at the end of this year. As […]

International Petroleum Corp. acquires Granite Oil Corp for $59m

International Petroleum Corp. (IPC), a member of the Lundin Group of Companies, has wrapped up its previously announced $59 million acquisition of Granite Oil Corp, a Canadian oil and gas company engaged in light oil production in southern Alberta. Through the acquisition, International Petroleum Corp. gains access to total proved plus probable (2P) reserves of […]

EETL LNG terminal expansion project : EETL signs HOA with Excelerate Energy

EETL LNG terminal expansion project : US LNG company Excelerate Energy and Engro Elengy Terminal (EETL) have signed heads of agreement (HOA) for the expansion of the EETL terminal owned by the latter in Port Qasim, Pakistan. The liquefied natural gas (LNG) import terminal is jointly owned by Pakistani conglomerate Engro Corporation and Dutch tank […]

Brightmark Energy to develop biogas project at four dairy farms in Florida

Brightmark Energy has joined forces with four dairy farms in central Florida to develop a biogas project, which will convert 230,000 tons of dairy manure per year from 9,900 cows into renewable natural gas. The San Francisco-based waste and energy development company is partnering with four Larson family dairy farms to build and operate three […]

Fos Cavaou LNG terminal : Elengy buys out Total’s stake in $260m deal

Fos Cavaou LNG terminal news : Total has sold its stake of 27.5% in Fosmax LNG, the operator of the Fos Cavaou liquefied natural gas terminal in France, to Elengy for about $260 million. Following the deal with Total’s subsidiary Total Gaz Electricité Holding France (TGEHF), Elengy has taken full ownership in the French regasification […]

Ruby petroleum project : McDermott wins SURF contract from BHP

Ruby petroleum project : McDermott International has been selected by BHP to provide a large subsea umbilicals, risers and flowlines (SURF), transportation, and installation contract for the Ruby field development in Trinidad and Tobago waters. The contract also requires McDermott to deliver transportation and installation (T&I) services as well as pre-commissioning of a jacket and […]

Sigrun East oil discovery : Equinor, Neptune find more oil in PL 025

Sigrun East oil discovery : Equinor and its partner Neptune Energy have pulled off an oil discovery in the Sigrun East prospect in the Norwegian North Sea, believed to have estimated recoverable resources of 7-17 million barrels of oil equivalent. The oil discovery on the Norwegian Continental Shelf was made in production licence PL 025 […]

Phillips 66, Trafigura create Bluewater Texas Terminal joint venture

Phillips 66 has created a joint venture called Bluewater Texas Terminal with Trafigura Group to develop an offshore deepwater port project. The deepwater port project, to be built by Phillips 66, will be located nearly 21 nautical miles east of the entrance to the Port of Corpus Christi. It will comprise a couple of single […]

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