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Oil & Gas

Glencore to buy stakes in Chevron’s South African and Botswana assets Anglo–Swiss miner Glencore has agreed to acquire Chevron’s South African and Botswana assets for $973m from local investor Off The Shelf Investments Fifty Six (RF) Proprietary (OTS). News

Latest Oil & Gas News by Sector

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Drilling and Production

Canada’s Cenovus to divest Palliser oil and gas assets for $1bn
By EBR Staff Writer
Integrated oil firm Cenovus Energy has agreed to divest its Palliser crude oil and natural gas assets in southeastern Alberta, Canada to Torxen Energy and Schlumberger for C$1.3bn ($1bn).
Oil & Gas > Exploration & Development > News
RockRose Energy to acquire Idemitsu Petroleum UK
RockRose Energy has signed a sale and purchase agreement to acquire the entire issued share capital of Idemitsu Petroleum UK from Idemitsu Kosan, a Japanese corporation.
Oil & Gas > Drilling & Production > News

Exploration & Development

Anglogold Ashanti to divest South African assets to Harmony, Heaven-Sent
By EBR Staff Writer
AngloGold Ashanti has signed agreements to sell assets in South Africa to Harmony Gold Mining as well as Chinese investment firm, Heaven-Sent SA Sunshine Investment Company.
Oil & Gas > Exploration & Development > News
Canada’s Cenovus to divest Palliser oil and gas assets for $1bn
By EBR Staff Writer
Integrated oil firm Cenovus Energy has agreed to divest its Palliser crude oil and natural gas assets in southeastern Alberta, Canada to Torxen Energy and Schlumberger for C$1.3bn ($1bn).
Oil & Gas > Exploration & Development > News

Refining & Petrochemicals

RockRose Energy to acquire Idemitsu Petroleum UK
RockRose Energy has signed a sale and purchase agreement to acquire the entire issued share capital of Idemitsu Petroleum UK from Idemitsu Kosan, a Japanese corporation.
Oil & Gas > Drilling & Production > News
Saffron Energy wins Sant' Alberto production concession
Saffron Energy has been awarded a production concession for its Sant' Alberto gas field from the Italian Ministry of Economic Development.
Oil & Gas > Exploration & Development > News

Transportation & Storage

EBRD to provide $500m funding for TANAP pipeline project
By EBR Staff Writer
The European Bank for Reconstruction and Development (EBRD)’s board of directors has approved a funding of $500m for the $8.6bn Trans-Anatolian Natural Gas Pipeline (TANAP) which will transport natural gas from Azerbaijan directly to Europe.
News
Samsung Heavy Industrieswins $221m contract to build LNG-FSRU
By PKBR Staff Writer
Samsung Heavy Industries (SHI) has received a contract from a consortium of Marubeni, Sojitz, and Pertamina for the construction of a new LNG-Floating Storage and Regasification Unit (FSRU) for about KRW250bn ($221m).
Oil & Gas > Transportation & Storage > News