Category: Oil and Gas
The move marks a new milestone for the $2.7 billion project. The two oil & gas companies commenced the trial runs on the crude oil unit around a week ago. Petroliam Nasional Berhad (Petronas), a renowned Malaysian state-owned oil & gas company, has apparently announced …
Switzerland-based world’s largest offshore drilling contractor Transocean has announced that it has inked a rig and drilling deal with Chevron, a multinational energy corporation, valued at over £650 million. Apparently, this contract involves rig design and construction management along with a five-year long drilling agreement. …
The company’s floating LNG (FLNG) platform is known to be the biggest FLNG in the world. The project is expected to consolidate Australia’s leadership position as the largest LNG exporter in the world. Royal Dutch Shell plc (Shell), a renowned British-Dutch oil & natural gas …
The move comes in response to plunging natural gas prices in Western Canada due to high yielding drilling technologies. Malaysia’s oil and gas conglomerate, Petronas has recently announced plans to cut production from its natural gas wells at its partly owned LNG Canada project in …
The company made the decision following its review of Lava Jato corruption case currently under investigation by federal prosecutors. The corruption scheme may have favored Vitol inside the field of oil & fuel trading for five years at the very least. Petróleo Brasileiro S.A. (Petrobras), …
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, 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 …
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 …