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Centrica strikes 15-year LNG supply deal with China’s Shenergy

Centrica strikes 15-year LNG supply deal with China’s Shenergy

British energy company Centrica has signed a binding 15-year sales and purchase agreement (SPA) for supplying 0.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG) to Shanghai government-owned Shenergy Group. The agreed LNG deliveries are anticipated to begin in 2024. In January 2020, the two companies signed a heads of agreement, which is […]

Devon Energy to acquire rival oil and gas firm WPX Energy for $2.5bn

Devon Energy to acquire rival oil and gas firm WPX Energy for $2.5bn

Devon Energy has agreed to acquire rival Oklahoma-based oil and gas company WPX Energy in an all-stock deal worth $2.56 billion. The merger of the companies is expected to create a major unconventional oil producer in the US with a combined enterprise value of around $12 billion. The asset base of the enlarged oil and […]

Inter Pipeline to acquire Milk River pipeline system from Plains Midstream

Inter Pipeline to acquire Milk River pipeline system from Plains Midstream

Inter Pipeline has signed an asset exchange deal to acquire the Milk River pipeline system in Alberta, Canada from Plains Midstream Canada, a subsidiary of US-based Plains All American Pipeline. In exchange of this, the Canadian pipeline transport company will transfer its 100% stake in the Empress II straddle plant and 50% stake in the […]

Breidablikk oil project : Equinor and partners to move ahead with $2bn field development

Breidablikk oil project : Equinor and partners to move ahead with $2bn field development

Breidablikk oil project : Equinor and its partners Petoro, ConocoPhillips Skandinavia, and Vår Energi have approved the development of the Breidablikk oil field in the Norwegian North Sea with an investment of NOK 18.6 billion ($1.96 billion). The partners will submit the plan for development and operation of the Breidablikk field to the Norwegian Minister […]

Total exits Brazil’s offshore Foz do Amazonas Basin

Total exits Brazil’s offshore Foz do Amazonas Basin

French oil and gas giant Total said that it has reached an agreement to transfer to its equity interest in five exploration blocks in the Foz do Amazonas Basin in the Brazilian waters to Petrobras. The agreement marks the exit of Total from the Foz do Amazonas Basin. The five blocks – FZA-M-57, FZA-M-86, FZA-M-88, […]

Wood bags $84m EPCI contract from Equinor for Breidablikk development

Wood bags $84m EPCI contract from Equinor for Breidablikk development

British energy services company Wood has bagged an engineering, procurement, construction, and installation (EPCI) services contract worth $84 million from Equinor in the Norwegian North Sea. As per the terms of the contract, Wood will supply all topside modifications at Equinor’s Grane platform, which will be prepared to enable the tie-back of the Breidablikk subsea […]

CNOOC begins production from Jinzhou 25-1 oilfield 6/11 project

CNOOC begins production from Jinzhou 25-1 oilfield 6/11 project

Jinzhou 25-1 oilfield 6/11 project : Chinese national oil company CNOOC said that it has started production from the Jinzhou 25-1 oilfield 6/11 area in the Bohai Sea in China. Located in central Liaodong Bay, the Jinzhou 25-1 oilfield 6/11 area is contained in an average water depth of 22.5 meters. Apart from completely using […]

Devon Energy, WPX Energy reportedly exploring potential merger

Devon Energy, WPX Energy reportedly exploring potential merger

Devon Energy, an Oklahoma-based onshore oil and gas producer, is in discussions to acquire WPX Energy in an all-stock deal to create a company worth about $6 billion, reported Reuters citing people familiar with the matter. Reuters reported that the transaction values WPX Energy at a small premium compared to its current share price of […]

Maha Energy set to win Mafraq heavy oil field and Oman Block 70

Maha Energy set to win Mafraq heavy oil field and Oman Block 70

Maha Energy said that it is set to be awarded a new onshore exploration block – Block 70 in Oman that includes the Mafraq heavy oil field from the Omani Ministry of Energy and Minerals. According to the Swedish oil and gas company, Mafraq is a shallow undeveloped field. Block 70 is located in the […]

Total to convert Grandpuits crude oil refinery into zero-crude platform

Total to convert Grandpuits crude oil refinery into zero-crude platform

French oil and gas giant Total said that it will invest over €500 million for modifying its Grandpuits crude oil refinery in Seine-et-Marne, France to producing biofuels and bioplastics. The new zero-crude platform of Total will concentrate on four new industrial activities. These include renewable diesel mainly for the use in the aviation industry, production […]

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