Apergy, a Texan oilfield equipment company, has wrapped up its $4.4 billion acquisition of the upstream energy operations of Ecolab’s subsidiary Nalco Champion to create a new combined company called ChampionX. As part of the terms of the deal signed in late 2019, Apergy has assumed the upstream energy unit’s net debt of around $492 […]
Gazprom and RusGazDobycha have taken a final investment decision (FID) on the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area in Russia. The Semakovskoye field is spread in the waters of Taz Bay with a part of it on land in the Taz Peninsula. Classified as a large gas field, Semakovskoye’s recoverable […]
Rosneft said that the Syzran Refinery, which is a part of the refining complex of Rosneft Oil Company in the Samara region in Russia has started production of Residual Marine Low Sulphur (RMLS 40), an environmentally-friendly low-sulphur marine fuel. RMLS 40 is said to be compliant with the IMO requirements, which came into effect since […]
China National Offshore Oil Corporation (CNOOC) and its partner ConocoPhillips China have started production from the Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project (Penglai 19-3/19-9 project) offshore China. The Penglai 19-3/19-9 oilfields in the Bohai Sea are located in an average water depth of nearly 28 meters. CNOOC, which has constructed […]
The US Federal Energy Regulatory Commission (FERC) has granted authorization to the Alaska Gasline Development Corporation (AGDC) for its Alaska LNG Project for liquefying and exporting liquefied natural gas (LNG) produced in the North Slope of Alaska. The FERC gave a Section 3 Natural Gas Act authorization, with conditions, to the AGDC for siting, constructing, […]
McDermott International has won a propane dehydrogenation (PDH) technology contract from Advanced Global Investment Company, a fully-owned subsidiary of Advanced Petrochemical (APC) for a new petrochemical complex in Jubail in Saudi Arabia. As per the contract, McDermott’s Lummus Technology will give the license and basic engineering package of a C3 CATOFIN unit to the new […]
US-based Flotek Industries has acquired JP3 Measurement, a data and analytics technology company based in Texas, in a cash-and-stock deal worth around $34.4 million. The real-time data platforms of JP3 Measurement are said to combine the energy industry’s inline optical analyzer with cloud visualization and analytics, to drastically boost processing efficiencies and valuation of natural […]
Equinor Energy, the operator of production licence 827 S in the Norwegian North Sea, has failed to find any hydrocarbons following the drilling of wildcat well 35/10-6. The wildcat well was drilled nearly 20 kilometres northwest of the Fram field in the northern region of the North Sea, and nearly 145 kilometres northwest of Bergen. […]
Qatar Petroleum has signed a farm-in deal with French oil and gas giant Total to acquire a 45% participating stake from the latter in blocks CI-705 and CI-706 in the Ivorian-Tano basin in the waters of Côte d’Ivoire. Spread over nearly 3,200 square kilometers, the two blocks are said to offer multi-target hydrocarbon prospects in […]
French oil and gas giant Total has scrapped its plans to acquire the Ghanaian assets of Occidental Petroleum as part of a larger deal signed in August 2019. As per the deal, Total under a purchase and sale agreement (PSA) was to acquire the assets of Anadarko Petroleum in Africa with the latter merged into […]