Author: admin@erthaenergy

MidOcean Energy, an EIG-managed LNG company, has entered into a definitive agreement to acquire an additional 15% interest in Peru LNG from Hunt Oil Company.  

The Wressle field is co-owned by Europa, HEYCO Energy Group and Union Jack Oil, and was first discovered in 2014.

bp has entered into an agreement with Apollo-managed funds for the sale of a non-controlling interest in its subsidiary, bp Pipelines TAP.

Almost a fifth of Gulf of Mexico oil production is still out of action, or 340,000 barrels per day (bpd), thanks to Hurricane Francine.

Staatsolie has signed PSCs with PetroChina Investment Suriname, a subsidiary of China National Petroleum Corporation (CNPC). 

Peru has sanctioned a financing package worth $1.75bn (6.59bn new sol) to assist the state oil company Petroperu, reported Reuters.   

A court has issued an injunction against Ecopetrol and Petrobras, mandating a halt to the drilling of a gas well in Caribbean waters

Saipem has secured an offshore engineering, procurement, and construction (EPC) contract from QatarEnergy, worth approximately $4bn.   

TC Energy’s Coastal GasLink has been fined C$590,000 for 10 additional penalties relating to environmental non-compliance.

UK to buy the National Grid’s Electricity System Operator (ESO) for $827.95m, to “accelerate clean power mission”.