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ADNOC to Boost Production Capacity

Nov 05, 2018

Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.Abu Dhabi's 'Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans…

Israel Exploring Eastern Mediterranean

Nov 05, 2018

Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves of natural gas off its Mediterranean coast…

US Grants Temporary Iran Oil Waivers to Eight Countries

Nov 05, 2018

The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran's banking, energy and shipping industries…

Gazprom to increase gas deliveries to Austria

Nov 05, 2018

Russian energy producer Gazprom will deliver more gas to its Austrian partner OMV, the two companies said on Monday.Deliveries to Austria will be increased by 1 billion cubic meters per year, they added.'The signing of a document on additional…

Total and Sempra Energy Ink North America LNG Deal

Nov 05, 2018

French energy group Total and Sempra Energy have signed a memorandum of understanding on the north American liquefied natural gas (LNG) market, which could see Total acquire a further stake in the sector.The deal could see Total take a contract…

NNPC Says Shell, ExxonMobil Also Looking at Crude Swaps

Nov 05, 2018

Nigeria's state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday.Nigerian National Petroleum Corporation (NNPC) announced last Wednesday…

EDF Sells Stake Dunkirk LNG Terminal

Nov 04, 2018

European electric utility company Électricité de France (EDF) group has sold its stake in the Dunkirk  liquefied natural gas (LNG) terminal, after obtained the requisite regulatory approvals.According to a press release from the  integrated…

Siemens Gamesa Bags Orders for 176.8MW Wind Projects in India

Nov 04, 2018

Siemens Gamesa (SGRE), a renewable energy project developer and an Engineering Procurement Construction (EPC) provider, has won turnkey contract from renewable energy project developer ReNew Power for the development of two wind projects aggregating 176…

Encana Acquires US Shale Producer Newfield Exploration for USD 4.1 billion

Nov 04, 2018

Canadian oil and gas producer Encana has signed a deal to acquire all of the outstanding shares of common stock of Newfield Exploration Company in a USD 4.1 billion deal that will provide the former with significant positions in some of North America’s biggest oilfields…

First Gas from Cuadrilla Fracking Site in Britain

Nov 04, 2018

The energy company Cuadrilla Resources has produced first gas from its fracking site in Lancashire in northwest England, after it began fracking operations there just over two weeks ago.The energy company said it has started to see natural gas flow at the Preston New Road exploration well…

Australia’s Oil and Gas Industry Calls for Competitive Tax Regime

Nov 04, 2018

Changes to the petroleum resource rent tax (PRRT) announced today by the Commonwealth must be assessed carefully by Australia’s oil and gas industry, said the Australian Petroleum Production & Exploration Association (APPEA).“Attracting investment…

Chesapeake Acquires WildHorse for $4B

Nov 04, 2018

Chesapeake Energy has entered into a definitive agreement to acquire WildHorse Resource Development, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3…

ADES Acquires 12 Rigs From Weatherford In Kuwait

Nov 04, 2018

Drilling company Ades International Holding has bought 12 onshore rigs from Weatherford in Kuwait for $ 123 million.The oil & gas drilling and production services provider in the Middle East and North Africa (MENA) said in a press release that…

First Delivery by Titan LNG in German Port of Mukran

Nov 04, 2018

Titan LNG, the leading LNG supplier to marine and industrial users in North West Europe, has successfully completed the first-ever LNG bunker delivery at Mukran Port on the island of Rügen in the Baltic Sea.Truck deliveries enable delivery of LNG anywhere…

Emerson Upgrades Reservoir Engineering Suite

Nov 04, 2018

Technology and engineering company Emerson has announced the release of Roxar Tempest 8.3, its integrated reservoir engineering suite that offers tools for advanced reservoir management and flow simulation.The latest release takes automation…

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