Latest Posts Under: Oil and gas news

Vår Energi awards Balder X project contract to BHGE and Ocean Installer

Baker Hughes, a GE company, and Ocean Installer have bagged a subsea contract from Vår Energi for the Balder X project, which is being taken up in the North Sea with an investment of NOK 15 billion ($1.65 billion). The contract is for providing engineering, procurement, construction and installation (EPCI) of subsea systems and associated […]

Snefrid Nord gas field in Norwegian Sea brought on stream by Equinor

The Snefrid Nord gas field located in the Norwegian Sea has been brought into production by Equinor and its partners through a subsea tieback to the Aasta Hansteen gas field. According to Equinor, the Snefrid Nord field is the first discovery to be developed as a tie back to the Aasta Hansteen field, which entered […]

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 […]

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 […]

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

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 […]

Reliance, BP to move ahead with new Krishna-Godavari Basin gas project

India oil and gas news : Reliance Industries and its partner BP in the Block KG D6 have sanctioned a new project to draw more gas from India’s Krishna-Godavari Basin by developing the MJ gas field. Dubbed as the MJ gas project, the offshore development is the third project to be undertaken by Reliance Industries […]

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