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Kazakhstan revives Atyrau integrated petchem complex

Kazakhstan Petrochemical Industries Inc. LLP (KPII) has approved CB&I, Houston, to proceed with project management services for a propane dehydrogenation (PDH) unit and polypropylene plant to be added as part of KPII’s previously delayed, long-plan…


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Ultra Petroleum tests Pinedale horizontal play in Wyoming

Ultra Petroleum Corp. has produced 1.1 bcf of natural gas equivalent in 30 days from its Warbonnet 9-23-A-1H well, which the operator successfully completed in late October on the East Flank of Wyoming’s Pinedale anticline.


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ExxonMobil makes oil discovery offshore Equatorial Guinea

ExxonMobil Corp. is now assessing potential commerciality at its Avestruz-1 well on Block EG-06 160 km offshore Malabo, Equatorial Guinea. The operator drilled the oil discovery in October but has not released any production data.


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AWE receives rival bid to second Chinese takeover offer

AWE Ltd., Sydney, has received a rival bid to the second China Energy Reserve & Chemicals Group (CERCG) offer that was lodged on Dec. 8. The new entrant in what is becoming a bidding war for AWE is Perth-based mining and mining services group Miner…


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Novatek to acquire Chernichnoye gas field

PAO Novatek, Moscow, has agreed to acquire rights to Chernichnoye gas and condensate field under development in Russia’s Tyumen Region from Oil Company Mangazeya JSC, Krasnoselkup, Russia, for undisclosed terms.
 


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Parent firms plan Wintershall-DEA merger

Wintershall Group and DEA Deutsche Erdoel AG are to be merged into an independent oil and gas exploration and production company operating as Wintershall DEA. BASF, Wintershall’s parent, and LetterOne, DEA’s parent, have signed a letter of intent to me…



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Hanwha Total’s Daesan integrated complex due PE expansion

Hanwha Total Petrochemicals Co. Ltd., a 50-50 joint venture of Hanwha Group and Total SA, will invest more than $300 million to expand the polyethylene capacity of its Daesan refining and petrochemicals integrated complex in Chungnam Province, South Ko…


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Joint venture starts work as Spirit Energy

“Spirit Energy Ltd.” is the name of the European oil and gas joint venture combining Centrica PLC’s exploration and production business with Bayerngas Norge AS. The company has begun trading as an independent oil and gas operator after receiving regula…