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EVX builds largest water-gathering system in Eagle Ford
EVX Midstream Partners has “significantly completed” the first phase of its water-gathering system in the Eagle Ford shale play in Texas.
Russia takes cautious approach to Saudi events
ExxonMobil reportedly in talks to sell Gulf assets to Repsol
ExxonMobil is reportedly in talks to offload some of its assets in the US Gulf of Mexico.
Cheniere, EOG strike gas agreement
Subsidiaries of Cheniere Energy have struck long-term gas supply agreements with shale producer EOG Resources to support the LNG exporter’s Corpus Christi liquefaction project.
Russia's SIBUR petrochemical major places $500mn of Eurobonds
TEPCO struggles to deal with post-typhoon power cuts
TEPCO customers in Japan’s Chiba Prefecture could face two weeks of power cuts after Typhoon Faxai caused unprecedented damage to the region.
Enbridge asks regulator not to intervene in Mainline allocation overhaul
Pipeline operator Enbridge has asked the Canada Energy Regulator not to intervene in its plan to overhaul capacity allocation on its Mainline system.
GE cuts down Baker Hughes stake
Conglomerate GE has offloaded another portion of its stake in Baker Hughes, taking its interest in the oilfield services company to below 50%.
Tata sells off African wind interests
India’s Tata Power has divested its 50% stake in its South African wind IPP Cennergi for $106mn as it sells off non-core assets in a bid to pay down debt.
Total enters China’s distributed solar market
Total and its Chinese partner Envision Group are looking to tap into China’s huge solar potential by offering off-grid energy solutions that use Internet of Things (IoT) technology.
Alberta may exempt crude-by-rail shipments from output curtailments
The Alberta government is considering allowing producers to exceed the province’s output restrictions if they are able to ship the additional barrels by rail.
Asian power sector waits nervously for fallout from Saudi drone strikes
Any effects from the drone strikes on the Abqaiq petroleum processing plant and the Khurais oilfield in Saudi Arabia are unlikely to be felt quickly downstream in the power sector in Asia.
New hope for African light sweet crude?
African light sweet crude production could serve as an alternative to Arab Light and Arab Extra Light – but only if Saudi production outages are not reversed quickly.
South Africa gives Eni, Sasol green light for exploration drilling at Block ER236
Italy’s Eni and its South African partner Sasol have gained permission to conduct exploration drilling within Block ER236, an offshore licence area in the Indian Ocean.
New Age M12 Holdings finalises sale of 25% stake in Marine XII to Lukoil
New Age M12 Holdings has wrapped up the sale of its 25% stake in Marine XII, a shallow-water block located offshore Republic of Congo, to Lukoil, Russia’s largest privately owned oil operator.
Nigeria LNG names international consortium as winner of EPC contract for Train 7
Nigeria LNG has taken a step toward making a final investment decision (FID) on plans for the construction of a seventh production train at the Bonny Island gas liquefaction plant.
Nigerian analyst comments on US shale boom’s consequences for Africa
US operators may be benefitting from the shale oil boom, but their gains have come at the expense of African producers, according to a Nigerian analyst.
Australia's Oilex prepares for UK foray
Draft law awards South Africa’s government a 10% stake in new projects
South Africa’s Department of Mineral Resources and Energy hopes to revive a proposal to award an equity stake in every new oil and gas project to the government at no cost.
Iran and Pakistan sign revised gas pipeline deal
NEWSBASE: Market reels as Aramco facilities come under fire
A major attack on Saudi oil facilities has cut production by 5.7mn bpd, but the full effect will not be felt until existing reserves dry up.
Chevron offers to resume PNZ production
China calls for calm after attacks on Saudi oil production
Asia’s oil importers have been left nervously watching the US beat the war drum in response to attacks over the weekend that knocked out 5.7mn barrels per day of Saudi Arabian crude oil production.
Trump considers SPR release amid fallout from Saudi attack
The US is considering releasing crude from its Strategic Petroleum Reserve after an attack on oilfield facilities in Saudi Arabia took half the kingdom’s production offline.
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