New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited has completed the sale of its 25% non-operated interest in the Marine XII License to LUKOIL Upstream Congo SAU, a wholly owned subsidiary of PJSC LUKOIL, for $800 million. The...
A consortium of Indian companies led by ONGC Videsh (OVL) is to acquire a 49 per cent stake in Russia's Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at the Eastern...
Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tons per annum (Mtpa) of LNG offtake...
Russia’s Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday quoted Nord Stream 2 AG as saying. The Russian-led company has two pending route applications with Danish authorities,...
Russian gas producer Novatek said on  that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2. Under the agreement, the Chinese firms -CNOOC and CNODC - will become shareholders in the Arctic LNG project...
The CEO of French oil and gas company Total S.A, Patrick Pouyanne said that the company would buy 10 percent share of LNG terminals of Novatek in Murmansk and in the Kamchatka region of Russia, arctictoday.com reported. The statement came during a Thursday meeting in the Kremlin between Pouyanne and...
Greece's Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג), has announced a signficant natural gas discovery in the Karish North exploration in the Israel sector of the East Mediterranean. Preliminary results as reported 15 April in a company new release showed: Initial gas in place estimates of between 1...
ExxonMobil announced it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely drilled to 13,780 feet (4,200 meters) depth in 6,769 feet (2,063...
Cyprus and Lebanon agreed to start negotiations on the exploitation of hydrocarbon reserves straddling the median line between their respective exclusive economic zones (EEZ), the Cyprus Mail reported. Foreign Minister Nicos Christodoulides, and Energy Minister Yiorgos Lakkotrypis, held talks in Beirut on Thursday with Lebanon’s Foreign and Energy Ministers, Gebran...
Europe is now the top buyer of U.S. liquefied natural gas after a near fivefold spike in U.S. LNG sales to the continent this winter, overtaking South Korea and Mexico, a Reuters analysis has showen. Profit rather than politics is driving the increase. Energy companies have switched sales to Europe...