COLUMBIA > Chile based oil and gas explorer GeoPark is set to invest majority of $220 to $240 million in Columbia and Peru in 2019

Geopark According to Kallanish Energy reports, Chile based GeoPark is set to invest $220 to $240 million in various Latin American countries including Columbia, Peru, Argentina, Brazil and Chile. GeoPark is basing on a Brent crude price of $70 a barrel but is flexible to both increase and decrease. Expecting to fund by cash flow, GeoPark can increase Capex to $240-270 More …

PAKISTAN > Saudi Arabia is set to invest into an oil refinery project, a China Pakistan Economic Corridor Project

CPEC logo China has already invested more than $19 billion in China Pakistan Economic Corridor Project (CPEC). CPEC is expected to bring a total of $62 billion in Chinese investments to Pakistan over the next 15 years. CPEC projects include building transportation networks, special economic zones and power plants to help Islamabad improve its manufacturing capacity and overcome energy shortages. Contrary to More …

NIGERIA > China Offshore Oil Company (CNOOC) is set to invest additional $3 billion in Nigerian operations

CNOOC logo China Offshore Oil Company (CNOOC) is set to invest additional US $3 billion in Nigerian operations making it the most strategically important overseas business for CNOOC. Beijing based CNOOC’s Chief Executive Officer, Yuan Guangyu said that CNOOC had already invested $14 billion in Nigerian operations while leading a team of CNOOC top executives to the corporate headquarters of the Nigerian More …

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 …