Eni strengthens its presence in the Cyprus Offshore

Eni announces that has finalized a farm-in agreement with Total to acquire 50% Participating Interes...

Algeria Sonatrach to invest $50 billion, boost crude output

Algeria’s state-run energy producer plans to boost crude oil output by 14% in the four years to 2019...

Natixis, IBM and Trafigura introduce first-ever Blockchain solution for U.S. crude oil market

Natixis, IBM and Trafigura have pioneered the first blockchain solution in commodity trade finance f...

Ecopetrol announces oil discovery at Santander

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) reports that the Boranda-1 ...

Saudi Aramco, ADNOC, and Masdar Sign MoUs on Collaboration in Oil & Gas Technology

Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with...

Digital Transformation of the oil and gas sector

The oil and gas industry has always been seen as conservative and resistant to change but due to the...

  • Eni strengthens its presence in the Cyprus Offshore

  • Algeria Sonatrach to invest $50 billion, boost crude output

  • Natixis, IBM and Trafigura introduce first-ever Blockchain solution for U.S. crude oil market

  • Ecopetrol announces oil discovery at Santander

  • Saudi Aramco, ADNOC, and Masdar Sign MoUs on Collaboration in Oil & Gas Technology

  • Digital Transformation of the oil and gas sector

Offshore

Report: Mexico Energy Reforms create opportunities - and challenges - for Natural Gas Power Plants

Companies in the Natural Gas Power Plant industry are expecting a dramatically larger market due to Mexico’s energy reform, but things are very much in flux.   FC Gas Intelligence has highlighted

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Shell and gexcon join forces to bring shell’s hazard and risk software models to market.

Shell leading-edge hazard and risk software models, FRED (fire, release, explosion and dispersion) and Shepherd, are now exclusively licensed by fire and explosion safety consultant Gexcon AS. The two

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Aramco Overseas Company B.V. enters into arrangement to buy stake in Rotterdam terminal from Gunvor

Aramco Overseas Company B.V. (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy Gunvor Group’s stake in the Maasvlakte Olie Terminal (MOT) in Rotterdam, the Netherlands. Gun

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Pipelines & Transport

Noble Energy Partners Enters Into Agreement to Negotiate on UK Pipelines

Noble Energy Partners has entered into an agreement with PLS Advisory Services to evaluate and negotiate mid-stream oil and natural gas pipeline assets in the United Kingdom. Noble Energy Partners wil

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Carrizo Oil & Gas Announces the Sale of Its Marcellus Shale Assets

Carrizo Oil & Gas, Inc. announced that on October 5, 2017, the Company entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in

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ExxonMobil Says Baytown Restart Activities Continue, Pipelines Beginning to Transport Fuels

ExxonMobil said today that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and othe

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Onshore

ExxonMobil to Acquire Interest in Block Containing Brazil’s Carcara Oil Field from Statoil

ExxonMobil announced that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara

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Kosmos Energy Acquires Hess Corp. Assets in Equatorial Guinea

Kosmos Energy will acquire the assets from Hess; existing investors Tullow Oil and GEPetrol will enter partnership with the new operator   US oil company Hess Corporation will give up its 85-perc

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BP starts production from giant Khazzan gas field in Oman ahead of schedule and under budget

BP, together with the Ministry of Oil & Gas of the Sultanate of Oman, announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Com

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Downstream

US Polyethylene Export Market Report 2017-2020

Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 – a large 60+ page report detailing the fast-changing US polyethylene market with in

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Saudi Aramco, Petronas Sign Share Purchase Agreement For Equity Participation In Rapid Downstream Project

The Saudi Arabian Oil Company and Petroliam Nasional Berhad signed a Share Purchase Agreement,allowing Saudi Aramco’s equity participation in PETRONAS’ Refinery & Petrochemical Integrated Deve

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ExxonMobil Singapore Refinery to Expand Group II Base Stock Production

ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products a

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