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ANR Pipeline System : TC Energy to go ahead with $400m horsepower replacement project

ANR Pipeline System : TC Energy to go ahead with $400m horsepower replacement project

TC Energy said that it will move ahead with the $400 million Elwood Power/ANR Horsepower Replacement Project pertaining to the company’s ANR Pipeline System, a natural gas pipeline network in the US. The project will involve the replacement, upgrade, and modernizations of certain facilities along a highly used portion of the ANR Pipeline System. Under […]

Total Gabon to sell certain mature Gabonese assets to Perenco

Total Gabon to sell certain mature Gabonese assets to Perenco

French oil and gas giant Total said its subsidiary Total Gabon has agreed to offload its interests in seven mature non-operated offshore fields and also interests and operatorship in the Cap Lopez oil terminal in Gabon to Perenco for a consideration ranging between $290 million and $350 million. The final price for the sale will […]

Kwaskwasi discovery : Apache, Total report third discovery in Block 58, Suriname

Kwaskwasi discovery : Apache, Total report third discovery in Block 58, Suriname

Kwaskwasi discovery : Apache Corporation and Total have made a significant third discovery in the Block 58 offshore Suriname following the drilling of the Kwaskwasi-1 well with the Noble Sam Croft drilling ship. The other two discoveries in the offshore Surinamese block are the Maka Central discovery made in January 2020 and the Sapakara West […]

Barcarena FSRU project : Golar Power, Norsk Hydro sign MoU for Brazilian LNG terminal

Barcarena FSRU project : Golar Power, Norsk Hydro sign MoU for Brazilian LNG terminal

Barcarena FSRU project : Golar Power, an LNG-based transportation and downstream solutions provider, and Norwegian integrated aluminium company Norsk Hydro have signed a memorandum of understanding (MoU) for the supply of LNG from what will be the first LNG terminal in northern Brazil. The Brazilian LNG terminal, which is slated to begin operations during the […]

HSB Solomon acquires EnSys’ assets to boost advisory and benchmarking services

HSB Solomon acquires EnSys’ assets to boost advisory and benchmarking services

HSB Solomon Associates, a performance improvement company for the energy industry, has acquired energy software, data, and consulting company EnSys Energy’s World Oil Refining Logistics and Demand Model and databases for an undisclosed price. The Texas-based performance improvement company also purchased EnSys’ North American Logistics Review and Crude Flows Services. The company said that it […]

Schlumberger job cuts 2020 : US oilfield services company to slash 21,000 jobs

Schlumberger job cuts 2020 : US oilfield services company to slash 21,000 jobs

Schlumberger job cuts 2020 : US oilfield services company Schlumberger said that it is slashing more than 21,000 employees, or nearly one-fifth of its workforce, after taking a loss of $3.62 billion in the second quarter of 2020 owing to low oil demand caused by the coronavirus crisis. The company had allocated $1bn for severance […]

Chevron to acquire rival US oil and gas company Noble Energy for $5bn

Chevron to acquire rival US oil and gas company Noble Energy for $5bn

Chevron acquisition of Noble Energy : Chevron has signed all-stock deal worth $5 billion for acquiring rival US oil and gas company Noble Energy in a move to consolidate its position in the Eastern Mediterranean Sea. Including debt, the total consideration for the acquisition is $13 billion. Noble Energy is currently engaged in operating a […]

Tambar field : Maersk Integrator jack-up rig to drill K-2B development well

Tambar field : Maersk Integrator jack-up rig to drill K-2B development well

Maersk Drilling has bagged an additional one-well contract worth around $18.5 million for its Maersk Integrator jack-up rig from Aker BP, the operator of the Tambar field offshore Norway. The Danish drilling rig operator said that in direct continuation of its present work scope, the Maersk Integrator rig will move to the Tambar field to […]

Norwegian firms Aker Solutions and Kværner announce merger plans

Norwegian firms Aker Solutions and Kværner announce merger plans

Aker Solutions, Kværner merger : Norwegian oilfield service companies Aker Solutions and Kværner are considering a merger of equals to create an optimized supplier company. In this connection, the parties have entered into a merger plan. The combined entity, which will operate as Aker Solutions, is expected to gain a stronger position as an execution […]

Bobocu gas field : Claren Energy to sell Romanian asset to Lalea Energy

Bobocu gas field : Claren Energy to sell Romanian asset to Lalea Energy

Claren Energy, a Canadian oil and gas company, has agreed to sell its 100% stake in the Bobocu production license, containing the Bobocu gas field, and located onshore Romania to Lalea Energy for an undisclosed price. In this connection, the companies have signed a share purchase agreement, under which Lalea Energy will take over the […]

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