Shell to Sell stake in Sadaf Chemicals joint venture in Saudi Arabia to Sabic

by Timothy Reeder | Feb 3, 2017 | News

Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with...

Shell to sell package of UK North Sea assets to Chrysaor for up to $3.8bn

by Timothy Reeder | Feb 3, 2017 | News

Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m...

BP Angola donates medical equipment and supplies to public hospitals in Luanda

by Timothy Reeder | Feb 3, 2017 | News

BP Angola today delivered two 40 foot containers filled with medical equipment and supplies to Neves Bendinha and Cajueiros Hospitals located in Luanda. This donation will support the Angolan government´s objective to better equip hospitals and to improve care for...

BP to sell part of interests in Magnus field and Sullom Voe terminal in UK North Sea to EnQuest

by Timothy Reeder | Jan 24, 2017 | News

BP today announced it has agreed to sell part of its interests in the Magnus oil field and some associated pipeline infrastructure in the UK northern North Sea and in the Sullom Voe Terminal (SVT) on Shetland to EnQuest. Included in the agreement are: 25% of BP’s 100%...

Gazprom & Moldova discuss cooperation

by Timothy Reeder | Jan 18, 2017 | News

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Igor Dodon, President of the Republic of Moldova, took place at the Gazprom headquarters recently. The parties discussed the ongoing and future cooperation in the gas industry,...

ExxonMobil Announces New Oil Discoveries Offshore Guyana

by Timothy Reeder | Jan 12, 2017 | News

ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at...