Industry News
Siemens to build two gas-fired power plants in Saudi Arabia
Siemens Energy is set to build two gas-fired power plants in Saudi Arabia.
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Gulf of Mexico
Pemex refinery still not ready for commercial production, say sources
Mexico’s Olmeca oil refinery is unlikely to be able to produce commercial quantities of fuels by the end of this year, say Pemex sources.
Company News
Indonesia Energy Corporation commences seismic exploration at Kruh Block
Indonesia Energy Corporation (IEC) has initiated new 3D seismic exploratory operations at its Kruh Block, spanning 63,000 acres.
EU
EU not fully prepared for next natural gas crisis, says bloc’s auditing body
The European Union is not fully prepared for a future natural gas supply crisis, according to research by the European Court of Auditors.
Deal News
Petro-Victory partners with ATP to develop Brazilian oil assets
Petro-Victory Energy has signed option agreement with Azevedo Travassos Petroleo (ATP) for the development of oil concessions in Brazil’s Potiguar Basin.
Deal News
GIP and Snam weighing stake sale in Adnoc’s gas pipeline business
Global Infrastructure Partners (GIP) and Italy’s Snam are considering the sale of their respective stakes in Abu Dhabi National Oil Company’s (Adnoc) gas pipeline unit, reported Bloomberg News.
Deal News
Kinetik wraps up $765m acquisition of Durango Permian
Kinetik has concluded the acquisition of Durango Permian, marking a significant expansion in the Northern Delaware Basin in the US.
Deal News
Poland’s Orlen to acquire stake in Atlantis field offshore Norway
Polish refiner Orlen Group has agreed to acquire a 20% stake in the Atlantis field on Norwegian Continental Shelf from Source Energy.
Industry News
India’s ONGC to build LNG plant in Madhya Pradesh with Indian OilÂ
The two companies hope to reduce the nation’s dependence on LNG imports withan LNG plant near the Hatta gas field, central India.