Investment funds managed by Morgan Stanley Energy Partners have made a “majority equity investment” for an undisclosed amount in Durango Midstream, to support Durango’s midstream businesses in the Midcontinent region of the U.S.
Commodity trading firm Trafigura will invest in a second liquefied natural gas (LNG) floating storage and regasification (FSRU) import terminal in Pakistan, as growing demand in the country is expected to lead to a 19 million tonnes per annum (MTPA) LNG supply shortage.
British oil major BP announced on Tuesday it’s selling a package of its interests in the Bruce assets in the North Sea to London-based Serica Energy for a total of £300 million ($397.3 million), Kallanish Energy reports.
UK-based petrochemical group INEOS announced on Tuesday a farm-in agreement with Siccar Point Energy purchasing majority stakes at two exploration licenses in the Northern Gas Fields West of Shetland cluster, Kallanish Energy reports.
The board of directors of Russian oil major Rosneft approved last week a five-year crude oil supply deal with CEFC China Energy Company starting in January 2018, Rosneft said Monday in a security filing.
Russia’s Rosneft commissioned on Tuesday a new oil and gas production cluster in Western Siberia, delivering the first commercial crude oil from the Erginsky cluster to the Transneft pipeline system, Kallanish Energy learns.
Independent power producer Dynegy said Monday it has an agreement to sell the 307-acre site of the former Brayton Point Power Station in Somerset, Mass., for an undisclosed price to Commercial Development Company Inc., of St. Louis.