Oil Search and Total sign agreement regarding acquisition of InterOil assets in Papua New Guinea

by Timothy Reeder | May 20, 2016 | News

MoU signed between Oil Search and Total. Oil Search to sell down 60% of the interest acquired from InterOil in PRL 15 and 62% of InterOil’s exploration assets to Total, subject to closing the InterOil acquisition. Oil Search and Total to focus on development of Papua...

Gazprom and Thai oil and gas company PTT sign Memorandum of Understanding

by Timothy Reeder | May 19, 2016 | News

Alexey Miller, Chairman of the Gazprom Management Committee, and Tevin Vongvanich, President and Chief Executive Officer of the Thai state-owned company PTT, today signed in Saint Petersburg the Memorandum of Understanding on cooperation in the oil and gas industry....

Gazprom and PetroVietnam to launch new oil and gas projects and cooperate in power sector

by Timothy Reeder | May 17, 2016 | News

Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Quoc Khanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), signed today in Moscow a number of documents to strengthen cooperation between the companies. The...

Statoil farms into Turkey onshore acreage

by Timothy Reeder | May 16, 2016 | News

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration...

Siemens receives order for substations in Bahrain

by Timothy Reeder | May 16, 2016 | News

Siemens has been awarded an order to upgrade the energy infrastructure for the Kingdom of Bahrain. The company is to supply, install and commission three 400/220-kV substations, including the control and protection systems and cable re-routing. Siemens will introduce...