Oil pipelines burst in Tengiz field, two casualties reported
An explosion occurred in the Tengiz oil fields during a testing process; two people have been reported dead and three injured
Source: offshore-technology.com
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Targa Resources to acquire Lucid Energy in $3.55bn deal
Targa Resources has signed a $3.55bn deal to acquire natural gas processor Lucid Energy Group to boost its presence in the Permian Basin.
Source: offshore-technology.com
Petrobras to terminate assets sale process in Sergipe-Alagoas Basin
Petrobras has decided to terminate the sale process of its four concessions located in deep waters in the Sergipe-Alagoas basin.
Source: offshore-technology.com
Chinese firms in talks to buy Shell's stake in Russian gas export project
China’s energy companies are in joint discussions to acquire Shell’s stake in a gas export project in Russia, reported Bloomberg News.
Source: offshore-technology.com
Abu Dhabi fund halts investments in Russia
The Abu Dhabi sovereign wealth fund owns assets worth $3bn in Russia, which represents less than 1% of its portfolio.
Source: offshore-technology.com