Oil and gas industry news

Italian oil and gas giant Eni has commenced gas and condensate production from the Obiafu 41 discovery in the Niger Delta in Nigeria, three weeks after well completion. The discovery holds nearly 28 billion cubic meters of gas and 60 million barrels of condensate. The Italian energy company said that the gas from the Nigerian […]

Ares Management Corporation said that a fund managed by its Infrastructure and Power strategy has signed a deal worth around $286 million to sell its 22.5% stake in the Meade Pipeline to a subsidiary of NextEra Energy Partners. Meade Pipeline holds nearly 39% stake in the 185-mile long Central Penn Line, a natural gas pipeline […]

Danish drilling rig operator Maersk Drilling has bagged a $33 million contract for the Maersk Viking, a seventh-generation drillship, from South Korea-based POSCO International for a three-well drilling program offshore Myanmar. The contract for the Maersk Viking drillship is likely to begin at the end of this year, with a projected duration of 154 days. […]

French oil and gas giant Total has launched its first large liquefied natural gas bunker vessel (LNG bunker vessel), which is set to operate in Northern Europe next year to supply LNG to commercial vehicles. In February 2018, Total and MOL signed a long-term charter contract for the LNG bunker vessel, which has secured a commitment […]

The US Department of Energy (DOE) has given authorization to Eagle LNG Partners’ Jacksonville LNG facility in Florida to export up to 140 million cubic feet per day of liquefied natural gas to countries that are not involved in free trade agreements (FTA) with the US. Eagle LNG Partners, which is based in Texas, is […]

Equinor has been granted a new exploration permit – WA-542-P in the Northern Carnarvon Basin offshore Western Australia by the National Offshore Petroleum Titles Administration (NOPTA) for an initial period of six years. The Norwegian oil and gas giant holds 100% ownership in the permit located in Australia’s northwest shelf. Located west of the recently […]

DTE Midstream has agreed to acquire an existing gathering system and a 150-mile gathering pipeline being constructed in the Haynesville shale formation of Louisiana in a deal valued up to $2.65 billion. As per the agreement terms, the non-utility business of DTE Energy will buy 100% of the assets from Momentum Midstream and Indigo Natural […]

Australian energy company Senex Energy has announced that the AUD 140 million Project Atlas, an onshore coal seam gas project in Surat Basin, Queensland, has produced its first gas. The Surat Basin gas project involves the production of natural gas from a 58km2 acreage near Wandoan and Miles, which was won by Senex Energy from […]

Russian energy company Lukoil has acquired a 5% stake in the Ghasha ultra sour gas project in the Arabian Gulf, offshore Abu Dhabi, from the Abu Dhabi National Oil Company (ADNOC). The Ghasha ultra sour gas project will involve the development of previously undeveloped deposits of gas, oil and gas condensate across nine shallow fields, […]

The European Investment Bank (EIB), through a loan of €110 million, has agreed to support the construction of the IGB Project- Gas Interconnector Greece-Bulgaria (IGB gas pipeline), a 182km long bidirectional pipeline that will link the natural gas systems of Bulgaria and Greece. ICGB AD is the promoter and beneficiary of the IGB gas interconnector. […]