Category: Oil and Gas

Sonangol and BP team up to develop the Platina field offshore Angola

Angola-based Sonangol has recently made it to the headlines for entering into an agreement with BP Plc, the London-headquartered oil & gas industry major, for working towards an FID (final investment decision) on the Platina field development in deep-water Block 18, offshore Angola. Reportedly, the …

Uniper inks LNG transportation agreement with Mitsui OSK Lines

Uniper, the global energy supply company, has reportedly entered into agreements with the Japanese shipping company Mitsui O.S.K. Lines to handle transport deliveries of liquefied natural gas (LNG) into Germany. Lately, there have been intense discussions about LNG in Germany, as the regional government aims …

Shell in talks to buy Endeavor Energy as the company price tag drops

Chevron, ExxonMobil, and ConocoPhillips had also expressed their interest to buy Endeavour, however, their interests have now waned. Shell is conducting negotiation talks to acquire the company for approximately $8 billion. Royal Dutch Shell plc. (Shell), a renowned British-Dutch oil & gas firm, is reportedly …

Chrysaor to purchase California-based Chevron’s North Sea assets

Chrysaor, a private equity-backed oil company has reportedly hired advisers before initiating talks to buy Chevron’s gas and oil fields of British North Sea for more than $2.5 billion, stated industry and banking sources. As per reliable sources, Chrysaor has signed up investment banks BMO …

Total bags two new oil exploration contracts from Mauritanian govt.

France based multinational petroleum refining company, Total S.A., and the Mauritanian Ministry of Petroleum, Energy and Mines have reportedly inked an agreement which awards two new exploration and production contracts to Total for blocks C15 and C31, that are located offshore Mauritania. Apparently, these contracts …