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Q4 2017 saw strong gas and condensate consumption levels from Gaz du Cameroun S. A’s (GDC) Logbaba Project in Douala, Cameroon, especially during December, with the addition of three new thermal customers during the quarter.
ShaMaran Petroleum Corp. reports that TAQA Atrush BV, operator of the Atrush Block, has received US$16.2 million on behalf of the Atrush co-venturers from the Kurdistan Regional Government (KRG) as payment for November 2017 crude oil deliveries from the Atrush license to the export market.
LINN Energy, Inc. announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments.
The contract was awarded by Duqm Refinery and Petrochemical Industries Company L.L.C, a Joint Venture between the Oman Oil Company (OOC), the national oil company, and Kuwait Petroleum International (KPI).
The spin-off transaction is on track for completion in May of 2018, subject to the satisfaction or waiver of certain customary conditions.
Lee Hulllman will serve as vice president of business development assisting in the company’s overall strategic planning and initiatives.
The board of directors is undertaking a strategic review of the company’s assets, with a view to rationalising any non-core assets and focussing on a production orientated portfolio of projects. The results of this work are expected in early March, 2018.
TAG Oil Ltd., reports its third quarter results for the interim period ending 31 December 2017, highlighted by a 6% increase in revenues and a 40% increase in operating netbacks from the previous quarter.
A selection of Scotland’s leading oil and gas research and development institutions will be heading to China next month (5 - 10 March) to strengthen ties, share knowledge and increase business opportunities with leading innovation houses in Beijing.
Statoil announced 27 October 2017 dividend per share of US$0.2201 for third quarter 2017.
Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, is delighted to have received the Presidency of Honour from His Majesty King Felipe VI of Spain as the event arrives in Barcelona for its 30th edition.
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced that it has executed a transaction with Suncor Energy Norge AS for the sale of a 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea.