Oil & gas news
German mining equipment manufacturers expect 20% more turnover
Despite the financial and sovereign debt crisis, German mining equipment manufacturers have posted a record sales growth of 27% for 2011. The German Engineering Federation (VDMA) expects turnover to grow by a further 20% to € 5.8 billion in 2012.
Spectrum commences Potigar 2D Multi-Client survey in Brazil
Spectrum to survey Potigar Basin, offshore Brazil.
Pemex makes light crude find in southern Mexico
The Mexican national oil company, Pemex, has announced the discovery of a light crude deposit in the southern Mexican state of Tabasco.
Saipem receives US$ 800 million worth of new contracts
Europe’s largest oil services company has revealed that it has received US$ 800 million worth of new contracts in Mexico and Australia.
ONGC Videsh stumps up US$ 5 billion for stake in Kashagan
ONGC Videsh has revealed that it has agreed to spend US$ 5 billion on acquiring ConocoPhillips’ stake in the Kashagan project offshore Kazakhstan.
Petronas makes double discovery offshore Malaysia
Malaysia’s national oil and gas company, Petronas has announced that it has made two gas discoveries offshore Malaysia’s Sarawak state.
Boskalis makes US$ 884 million bid for Dockwise
The world’s largest dredging company has made a bid for Dockwise with a 61% premium.
Linde Group to build LNG terminal in Sweden
The Linde Group has been commissioned by Norwegian-based Skangass AS to build a mid-scale LNG import terminal with a capacity of 30,000 m3 on the west coast of Sweden.
Colombia awards 49 blocks in 2012 E&P round
ANH, the regulating body of the Colombian hydrocarbon industry, has awarded 49 blocks in the country’s latest E&P round.
EC approves Xstrata-Glencore tie up
The European Commission has approved the merger between Xstrata and Glencore International.