BP, Eni eyeing stake in Majnoon oilfield: report

November 22, 2017 0

European oil majors BP and Eni are reportedly interested in developing the giant Majnoon oilfield, in southern Iraq, after Shell hands over the field’s operation to the Iraqi authorities, Kallanish Energy learns.

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Sinopec to develop Shunbei oil & gas field

November 22, 2017 0

China Petroleum & Chemical Corp. (Sinopec) said on Tuesday it has approved development plans for its Shunbei onshore oil and gas field, in the country’s northwest region, with commercial production expected by 2020.

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Trafigura to develop second LNG import terminal in Pakistan

November 22, 2017 0

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.

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BP, Serica announce $397 million deal in North Sea

November 22, 2017 0

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.

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INEOS buys majority stakes in two UK gas licenses

November 22, 2017 0

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.

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Dynegy reaches deal to sell Brayton Point site

November 22, 2017 0

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.

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