Oil & gas news

OPIC has approved US$ 310 million worth of financing for a project to double the capacity of a Kenyan geothermal power plant.

A consortium formed by Techint E&C and Sener has successfully completed construction of a 12 billion m3/yr LNG regasification plant at the Gate terminal in Rotterdam. The plant was officially opened in a ceremony involving over 700 people including Her Majesty Queen Beatrix of the Netherlands.

TransAtlantic Petroleum Ltd. has entered into an agreement with LNG Energy Ltd. whereby LNG will invest US$ 7.5 million to immediately commence drilling the Peshtene R-11 well this week, which will be a 10,500 foot (approximately 3200 m) exploration well in the A-Lovech exploration license in Bulgaria.

GE’s integrated portfolio provides onsite power and water treatment solution for major Australian CBM-to-LNG project.

Mike King explains why Indonesia continues to attract investment despite the uncertainties of its legal code.

Total has acquired a 40% interest in five offshore exploration blocks in Kenya. The company has acquired stakes in blocks L4, L7, L11a, L11b and L12 in the Lamu basin.

Petrobras has confirmed the presence of oil and gas accumulations in the ultra deep waters of the Sergipe-Alagoas basin, after completing a lined well formation test in the BM-SEAL-11 concession in Block SEAL-M-426.

Chevron’s Wheatstone LNG project has received environmental approval from the federal government, clearing the final hurdle on the way to a final investment decision later this year.

Cuadrilla has announced that it has discovered shale gas reserves, estimated to be as large as 200 trillion ft3, in the Bowland Basin in Lancashire, UK. If the estimates prove correct, it will be the largest gas field ever discovered in the UK.

Apache Corporation has agreed to acquire Exxon Mobil Corporation's Mobil North Sea LLC assets, including the Beryl field and related properties, for $1.75 billion.