AZERBAIJAN > UK based BP to starts up landmark Shah Deniz 2 development in Azerbaijan

bp-logo The largest subsea infrastructure operated by BP worldwide, the Shah Deniz 2 gas development in Azerbaijan is a $28 billion project which was announced by BP and its partners to start, including its first commercial gas delivery to Turkey. BP is also starting for the Southern Gas Corridor series of pipelines that will deliver gas from the Caspian Sea direct More …

NEPAL > Japan based Saisan Co. is set to enter Nepali market through a joint venture with a local partner forming Gas One Nepal Pvt. Ltd

Saisan gas one logo  Saisan Co is a Japanese distributor of liquefied petroleum gas, commonly known as LPG. It is set enter Nepali gas market with a joint venture with a local partner creating Gas One Nepal Pvt. Ltd. This makes it the first foreign participant in Nepal’s growing LPG market besides firms from neighboring India. Nepal has a total of 58 firms providing More …

USA > India based Reliance sells Texas shale assets to Sundance Energy Inc. for $100 million

Sundance energy logo India based Reliance Industries Ltd. is set to sell some of its shale assets in the US to privately held Sundance Energy. The transaction is expected to be $100 million as the Indian conglomerate move closer to exit US shale investments. The transaction also includes sale of Reliance’s interest in the assets in the Eagle Ford shale in Texas. Another More …

BRAZIL > Shell expands in Brazil with new deep- water blocks

Shell logo Shell Brazil Petroleo which is a subsidiary of Royal Dutch Shell plc. has won four additional deep- water exploration. The deep- water exploration blocks are located in the Campos and Potiguar basins which raises Shells total number of blocks to 18. The 15th deep-water bid was organized by the Brazilian National Petroleum Agency (ANP)  . Shell itself secured one exploration More …

USA > Shell to acquire a 43.83% interest in Silicon Ranch Corporation for up to $217 million in cash and a possibility to increase its position after 2021

Shell logo Shell is set to acquire 43.83% shares of Silicon Ranch Corporation, a leading U.S. developer owner and operation of solar plants. This buying of shares will make Shell its largest shareholder. Shell will acquire the interest in Silicon Ranch from Partners Group and is likely to increase its position after 2021. Partners Group will continue its support through a newly More …

DR CONGO > South Africa based Engen Holdings and the Netherlands based Vivo Energy Holding B.V enter into a share transaction

Vivo logo Vivo Energy is set to purchase shares in Engen International Holdings Limited for the exchange of a shareholding in Vivo Energy and a possible cash settlement. If the transaction gets regulatory approval, the transaction will add nine new countries and over 300 Engen branded service stations to Vivo Energy’s network. This will add up Vivo Energy’s presence in 24 African More …

INDONESIA > International provider of digital financial solutions, Wirecard has won Shell Indonesia as a new customer for Fleet cards

Shell logo To optimize the digital financial processes on one platform for Shell Indonesia, it has selected Wirecard, the international provider of digital financial solutions. Wirecard’s state-of-the –art fleet operations management with a special focus on control and efficiency will benefit Shell and the new Fleet card solution can be used for all purchases at Shell petrol stations throughout Indonesia. Intended to More …

SAUDI ARABIA > US based Nabors Industries and Saudi Aramco have created a new 50/50 joint venture company called Saudi Aramco Nabors Drilling Company or SANAD

SANAD logo US based Nabors Industries announced the previously agreed 50/50 joint venture between Saudi Aramco and Nabors called SANAD has begun commencement of operations. In an effort to introduce world class industry hubs locally, Saudi Arabia has created anchor projects like SANAD to foster economic growth and job creation. Both Nabors and Saudi Aramco have made equal contributions of cash and/ More …