Energy

Total, Sonatrach to launch project in Arzew
Energy

Total, Sonatrach to launch project in Arzew

French oil giant, Total has signed an agreement with Sonatrach to launch the engineering studies for a petrochemical project in Arzew, western Algeria. The project includes a propane dehydrogenation (PDH) unit and a polypropylene production unit with an output capacity of 550,000 tons per year. The project represents an investment […]

Eni ramps up production Angola’s Ochigufu field
Energy

Eni ramps up production Angola’s Ochigufu field

Eni has completed the ramp-up of the Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 barrels/day (b/d) less than 2 months from start-up. Eni said the milestone will allow the operated production from block 15/06 to be stable above 150,000 b/d, and is in line with […]

Petrobras sells off stake in Campo de Azulão
Energy

Petrobras sells off stake in Campo de Azulão

Petrobras has closed today the sale of its entire stake in Campo de Azulão, located in the state of Amazonas, to Parnaíba Gás Natural S.A, a subsidiary of ENEVA S.A. The operation was concluded upon the payment of US$ 56.5 million to Petrobras, made today by Parnaíba Gás Natural S.A, […]

Shell Nanhai, CNOOC startup begins production in China
Energy

Shell Nanhai, CNOOC startup begins production in China

A joint venture between China National Offshore Oil Corporation and Shell Nanhai B.V. (Shell) has started production of ethylene cracker at their Nanhai petrochemicals complex in Huizhou, Guangdong Province, China. Shell said in a statement that several linked derivative units have also started up and the remaining units will start […]

Marathon Petroleum to acquire Andeavor
Energy Global

Marathon Petroleum to acquire Andeavor

Marathon Petroleum Corp., and Andeavor have announced that they have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares. The transaction will be representing a total equity value of $23.3 billion and total enterprise value of $35.6 billion, based on MPC’s April 27, […]