Category: Oil and Gas
The Beijing-based CNOOC Limited, which is major subsidiary of China National Offshore Oil Corporation, has made it to the headlines with the announcement of a contract between its subsidiary and PetroChina Company Limited. Apparently, CNOOC China Limited (the subsidiary) has recently entered into a contract …
ExxonMobil and Zhejiang Energy aim to develop a major LNG gateway in China’s Ningbo-Zhoushan region ExxonMobil has recently announced that it has entered into a sales & purchase agreement with Zhejiang Provincial Energy Group for the supply of liquefied natural gas (LNG). Under this agreement, …
The latest acquisition is an integral part of Aramco’s policy of scaling up its downstream operations The Saudi Arabian oil & gas major, Saudi Aramco, has reportedly announced its acquisition of a 50 percent stake of Royal Dutch Shell in their refining joint venture named …
The SOCAR AQS and KCA Deutag-owned Turan Drilling & Engineering Company LLC has reportedly received its first contract, with BP Exploration Limited. As per trusted sources, the contract is valued around $500 million for the fixed duration or $700 million with all options and is …
The new venture will build and offer crude oil gathering, storage and transportation services in the Northern Midland Basin Concho Resources Inc. and Frontier Midstream Solutions IV, LLC have reportedly announced an agreement for creating Beta Crude Connector, LLC, in which both the companies will …
Keppel Gas imported a 160,000-cubic meter spot cargo from an LNG liquefaction facility in North America for the first time The cargo will be re-gasified as feedstock for downstream end users and consumers over 30 days Keppel Infrastructure Holdings’, the wholly-owned firm of Keppel Gas, …
The Shengli Oil Field is the flagship asset of Sinopec in China, however it is struggling with declining production The new joint study venture comes in the backdrop of Chinese government’s efforts to improve domestic reserves and production by encouraging China-foreign projects The United Kingdom-based …
In a recent turn of events, France based Total and its partners inked a much-awaited agreement with Papua New Guinea which would allow preliminary work to commence on a $13 billion project to double the nation’s LNG exports. Oil Search, a partner company of Total, …