PETRONAS Awards Malaysian Block SK437 to Carigali, Shell, PSEP
PETRONAS has awarded Block SK437 offshore Malaysia to PETRONAS Carigali Sdn Bhd (PCSB), Sarawak Shell Berhad (SSB), and Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP).
News / International
Lime Rock to Purchase Texas Oil, Gas Assets for $508.3 M
Lime Rock Resources will buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from “a private seller”.
Sinopec Targets 65% Increase in Natural Gas Output by 2025
China’s Sinopec targets a 65% increase in its domestic natural gas output to reach 48 billion cubic meters (bcm) by 2025.
Park Energy Acquires Archrock’s Operating Assets
Park Energy Services has acquired a certain lower horsepower operating assets from Archrock.
Imperial Helium Completes Drilling First Well On Steveville Structure
Imperial Helium has successfully drilled, logged, and cased its first well, IHC-Steveville-1 on its historic Steveville Helium asset in South Eastern Alberta.
Equinor Acquires 40% of Grosbeak, Kallåsen Discoveries
Equinor has acquired a 40% participating interest from Wellesley Petroleum’s licenses containing the Grosbeak and Kallåsen discoveries in an asset swap deal with Wellesley.
Tethys Oil’s June Production Records 342,446 bbl in Oman
Production from the Swedish oil company, Tethys Oil, before the government’s cut, has amounted to 342,446 barrels of oil (bbl) from blocks 3 and 4 onshore Oman in June.
Shell to Invest in Whale Development in the Gulf of Mexico
Shell Offshore Inc, a Subsidiary of Royal Dutch Shell, announced that it has taken the final investment decision (FID) to invest in Whale, a deep-water development in the Gulf of Mexico.
China to Build LNG Terminal in Guangdong
China announced that it has started to build a liquefied natural gas (LNG) terminal at a capacity of 4 million tons with investments of $1 billion in the southern coastal province of Guangdong.
Wintershall Dea Supports EC’s Fit for 55 Package
Wintershall Dea announced its support for the European Commission’s (EC) “Fit for 55” package denoting its support for a climate-neutral Europe 2050 set out in the new European Climate Change Act and the 55% climate target for 2030.
