Shell-ExxonMobil JV mulls appeal against Groningen cuts

May 25, 2017 0

Netherlands gas producer NAM, a 50-50% joint ventured between Shell and Exxon Mobil, said Wednesday it is mulling appealing against a Dutch government plan to cut production at the Groningen gas field by a further 10%, Kallanish Energy reports. 

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Crestwood contributes Willow Lake assets to JV with First Reserve

May 25, 2017 0

Midstreamer Crestwood Equity Partners and private equity firm First Reserve on Wednesday announced Crestwood Permian Basin Holdings, a joint venture focused on developing/owning/operating midstream assets in the Delaware Basin, will buy Crestwood’s Willow Lake gathering and processing assets in Eddy County, N.M.

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Argentina to drop import duty on used oil equipment

May 25, 2017 0

In a bid to boost investment in its vast unconventional reserves in the Vaca Muerta play, the Argentinean government will reduce the import tariff on used oil and gas exploration and drilling equipment, Kallanish Energy learns.

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INEOS to pay $1.3B for DONG’s North Sea assets

May 25, 2017 0

Petrochemical giant INEOS said on Wednesday it will purchase all the assets owned by Danish DONG Energy in the North Sea in a $1.3 billion deal which includes three oil and gas fields in Denmark, Norway and UK waters, Kallanish Energy reports.

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CNPC to invest $2B in Peru’s Block 58

May 25, 2017 0

China’s state-owned oil company, CNPC, is planning to move ahead of the development of Peru’s Block 58, in the country’s south-eastern jungle, with investments of $2 billion between 2021 and 2023.

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Uganda, Tanzania to ink definite pipeline deal Friday

May 24, 2017 0

Uganda and Tanzania energy ministers will sign on Friday, May 26th, the intergovernmental agreement establishing the construction of a 1,400-kilometers (870-miles) crude oil pipeline connecting both countries, Kallanish Energy reports.

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Total starts construction of Japan solar plant

May 24, 2017 0

France’s oil and gas company Total, through its wholly subsidiary Total Solar, has started construction at its second solar photovoltaic (PV) power plant in Japan, Kallanish Energy learns from the company on Tuesday.

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EC reviews GE’s $1.7 billion wind merger

May 24, 2017 0

U.S. conglomerate General Electric said on Monday that the European Commission is investigating its €1.5 billion ($1.7 billion) merger of Danish turbine manufacturer LM Wind Power over a potential misleading information provided during the merger review.

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