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Oil & Gas News

Russia – China Mega Pipeline Faces Construction Delay

Russia has been in talks to build a new pipeline to carry 50 billion cubic meters of gas a year from northern Russia to China via Mongolia, almost as much as the now-idle Nord Stream 1 pipeline under the Baltic Sea that was damaged in 2022. The project, called Power of Siberia-2, is expected to […]

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Oil & Gas News

Biden Halts New LNG Deals

The Biden administration announced on Friday, January 26, 2024, that it will temporarily pause the approval of new liquefied natural gas (LNG) export facilities to non-free trade agreement (FTA) countries, pending a comprehensive review of the economic, environmental and security implications of the rapidly growing US LNG industry. The decision has sparked mixed reactions from […]

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Oil & Gas News

Shell to Drill Victory Gas Well

Shell UK has announced its final investment decision (FID) to develop the Victory gas field in the North Sea. The gas field was discovered nearly 50 years ago by Texaco, but remained undeveloped until now. Victory is one of many Shell projects, both renewable and non-renewable, aimed at enhancing their role in the UK energy […]

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ConocoPhillips Willow Project

ConocoPhillips, one of the world’s leading exploration and production companies, has recently announced its final investment decision to develop the Willow project in Alaska. The Willow project is a major oil drilling project located on the plain of the North Slope of Alaska in the National Petroleum Reserve in Alaska (NPR-A), a federally designated area […]

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Oil & Gas News

Talos Energy To Acquire QuarterNorth Energy

Talos President and Chief Executive Officer Timothy S. Duncan commented: “Today’s announcement marks one of Talos’s most significant milestones as we build a large-scale offshore exploration and production company. The addition of QuarterNorth’s overlapping deepwater portfolio with valuable operated infrastructure will increase Talos’s operational breadth and production profile while enhancing our margins and cash flow. […]

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Oil & Gas News

Trans Mountain pipeline gets green light for variance request

The Canada Energy Regulator (CER) has approved a request by Trans Mountain Corp. for a variance on a section of pipeline in B.C., a move that will allow the company to complete the expansion project by early this year. The variance request was for a 2.3-kilometre stretch of pipe between the communities of Hope and […]

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Oil & Gas News

Shell starts operations at 20 MW hydrogen electrolyser in China

One of the world’s largest renewable power to hydrogen electrolysers has started production, 63 weeks after its announcement in November, 2020. It is located at Zhangjiakou Integrated Green Hydrogen Hub project in Hebei province. The project is part of a joint venture by Zhangjiakou City Transport and Shell China, which also includes hydrogen fueling stations […]

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Oil & Gas News

Maire Tecnimont awarded EPC contract by Rosneft for hydrocracking complex at Ryazan Refinery

As part of its ongoing refinery upgrading program, Rosneft has awarded an Engineering, procurement, and construction (EPC) contract to Maire Tecnimont subsidiaries for construction of a Vacuum Gas Oil (VGO) Hydrocracking Complex at the Ryazan Refinery. The Ryazan Oil Refining Company (RORC) production site is 200km southeast of Moscow. The agreement is worth approximately €1.1 […]

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Oil & Gas News

Enerflex to Acquire Exterran

Calgary based Enerflex to buy Houston based Exterran in an all stock deal valuing Exterran at approximately US$735 million. The implied value of the resulting combined company is approximately US$1.5 billion. Shareholders will receive 1.021 shares of Enerflex per Exterran share. Enerflex shareholders will own 72.5% of the combined company, with Exterran shareholders owning the […]

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Oil & Gas News

Chesapeake to Acquire Chief E&D

Chesapeake Energy (NASDAQ:CHK) to acquire Chief E&D Holdings US$2 billion in cash and approximately 9.44 million shares. The deal includes associated interests held by Tug Hill. Chesapeake also announced the sale of its Powder River Basin assets in Wyoming to Continental Resources (NYSE:CLR) for approximately US$450 million in cash. Both deals are subject to regulatory […]

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