Australia's Ichthys LNG Project Comes Online

Inpex Corporation announced Monday that its operated Ichthys LNG project has commenced the production of gas from its wells. The development marks “the start of approximately 40 years of operations,” according to a statement published on Inpex’s website.

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Total: Biggest Deep Offshore Development in Angola Starts Production

Total revealed that it has started production at Kaombo, which it describes as “currently the biggest deep offshore development in Angola”.

The company announced that Kaombo Norte, the first Floating Production Storage and Offloading (FPSO) unit, has been brought on stream and will produce an estimated 115,000 barrels of oil per day.

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Chesapeake to Sell Utica Shale for $2B

Chesapeake Energy Corp. agreed to sell its Utica Shale assets in Ohio to closely held Encino Acquisition Partners for about $2 billion as the U.S. natural gas giant whittles down its debt and streamlines operations...

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Exxon’s giant Guyana discovery may be just the start

Exxon Mobil increased its estimate for a giant offshore oil discovery in Guyana by 25%, but it may just be the beginning.

Some 8 of 10 exploration wells have struck oil since 2015 and Exxon has identified a further 19 targets to drill, according to researcher Wood Mackenzie...

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McDermott Wins 25-tank Saudi Contract from Samsung

Samsung Engineering Saudi Arabia Co. Ltd. has awarded McDermott International, Inc. a fixed lump sum contract for engineering, procurement and fabrication of 23 CB&I storage tanks and modification of two existing tanks in Jubail, Saudi Arabia, McDermott announced Monday...

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Oil Majors Quizzed on Near-Term Permian Hiring Plans

Royal Dutch Shell plc expects to be in “growth mode” in the Permian Basin over the next few years, a company spokesperson said.

“Shell fully expects to be in a growth mode in the Permian for at least the next few years as we continue to drill wells and significantly increase our production from the region,” the Shell spokesperson said when asked by Rigzone about its near-term hiring plans in the Permian...

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Kuwaiti fund makes $1.7bn move for North Sea private equity-owned midstream assets

Wren House Infrastructure Management, the London-based arm of the Kuwait Investment Authority, has bought a North Sea gas midstream business in a reported $1.7bn (£1.3bn) deal.

Wren House announced today it has agreed to acquire private equity firm ArcLight Capital Partners’ interest in North Sea Midstream Partners (NSMP), which has interests in and operates four gas transportation and processing assets in and around the North Sea...

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Mozambique's $49-billion LNG plan stokes anxiety in north

A giant refrigerator will replace the village Jonas Alide Saide has called home for 70 years and he’s not happy about it.

As Mozambique’s plans to export natural gas gather pace, Saide’s northeastern settlement of Quitupo will make way for a plant planned by companies including Anadarko Petroleum Corp...

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