Category: Oil and Gas
India is one of the biggest buyers of oil in Asia and crude oil from Middle Eastern countries forms a significant portion of its imports. Emirates National Oil Company (ENOC), the Dubai based oil company wholly owned by the Government of Dubai, recently announced that …
Rockwell Automation, Milwaukee-based leading industrial automation firm, has recently stated that the company is forming a $400 million joint venture with an oil and gas exploration and production company based in France. Apparently, this joint venture would be based in Houston, where Rockwell has around …
Santos Limited, a leading Australian energy company, has reportedly arrived at an agreement with Beach Energy, the Australia-based oil & gas exploration company, throughout four exploration permits in the Bonaparte Basin, Northern Australia. Reports claim that the four permits include NT/P82, NT/P84, NT/P85 and WA-454-P, …
Reports suggest that the Shell Petroleum Development Company of Nigeria Ltd (SPDC), along with its joint venture partners have recently confirmed the signing of a Final Investment Decision (FID) agreement regarding production of 300 million cubic feet of gas in the nation. Shell had apparently …
The Indian government reportedly announced that it has launched the third round of bidding of its OALP (Open Acreage Licensing Policy), under which 23 oil and gas blocks are being offered. Reportedly, the 23 blocks, of which five are intended for CBM (coal bed methane) …
Reports confirm that Total has made a major gas condensate discovery on the Brulpadda prospects offshore South Africa. Apparently, the Brulpadda prospects are situated on the Outeniqua Basin’s Block 11B/12B, 175 kilometers off South Africa’s southern coast. Sources familiar with the matter stated that Total …
Steel pipe maker Tenaris recently announced that it has joined forces with one of Russia’s largest steel producers Severstal to build a steel pipe plant and produce OCTG products in the heart of Russia’s O&G sector in Siberia. According to sources familiar with the matter, …
Brazil can raise up to 800 billion reais (USD 214 billion) by selling stakes of the state-owned firms. Banco do Brasil could sell up to 16 subsidiaries, while Petrobras is likely to sell most of its 36 subsidiaries. The Brazilian government is reportedly planning to …