Farm-in Agreement

Wintershall farm-in agreement to explore Argentina Vaca Muerta

Wintershall inks deal with Gas y Petroleo del Neuquen The Basf oil and gas subsidiary Wintershall and the Argentina local company Gas y Petroleo del Neuquen (GyP) finalized their joint venture agreement by which the German company will take the operator role to develop shale gas in the Block Aquada Federal as part of the Vaca …

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Total scoops InterOil Gulf LNG project in Papua New Guinea

Total takes Elk and Antelope gas fields majority stake The Paris-based international oil company (IOC) Total took a leap on the finish line ahead of other majors companies to close a deal with the New York-listed junior Inter Oil Corporation (InterOil) to acquire majority stake in the giant Elk and Antelope gas fields that could …

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One Day – One Country: Australia

Australia Key Projects and Business Highlights The first half of year has rang in Australia as a fresh wake up call on early morning when the major companies  having interests in this country such as Apache, BG, BHP Billiton, Chevron, ExxonMobil, China National Petroleum Corporation (CNPC or PetroChina), Inpex, Shell, Total and even Woodside started to blow …

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Rosneft goes global

Rosneft’s Neftegaz signed farm-in agreement with ExxonMobil in Gulf of Mexico deepwater The first week of March gave the opportunity to Rosneft to unveil its objective to go global in multiplying strategic partnerships with leading companies such as ExxonMobil. On March 6th 2013, Rosneft‘s subsidiary Neftegaz America Shelf LP (Nefetgaz) signed with ExxonMobil a Farm-in Agreement …

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Ecopetrol and major companies to prospect shale gas in Colombia

Canacol, ExxonMobil, Nexen, Shell lead exploration The national oil company Ecopetrol invites international oil companies such as Canacol, ExxonMobil, Nexen, Shell for partnership to explore and develop shale gas in Colombia. Ecopetrol is owned at 88.5% by the Colombian Government while the remaining shares are floated at the Bogota and New York stocks exchanges. After Mexico …

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Total signed Farm-in agreement with Petronas in Mozambique

Total and Petronas to race in offshore Rovuma basin The French international oil company, Total and the Malaysian national oil company Petroliam Nasional Berhad (Petronas) signed a Farm-in agreement on the Area 3 and Area 6 of the Rovuma basin in the Strait of Mozambique. According to this agreement, Total will take 40% of the interests …

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Woodside eyes on third parties to trigger Pluto LNG expansion

Woodside in talks with ExxonMobil, BHP and Hess Earlier this year, Woodside Petroleum (Woodside) and its partners Tokyo Gas Pluto Pty ltd (Tokyo gas) and Kansai Electric Power Australia Pty Ltd (Kansai Electric) started up operations of the Pluto LNG project. Tokyo Gas and Kansai Electric are in the same time the purchasers of Pluto gas …

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