Tagged Deep Basin

Petronas selling some Canadian assets

Rate this article By LNG World News For illustration purposes only (Image courtesy of Petronas)Malaysian energy giant and LNG player Petronas is looking to sell some of its oil and gas assets owned by its Canadian unit Progress Energy. The move by Petronas comes just months after it ditched plans to build the $27 billion…

TransCanada sanctions $2 bln investment in NGTL

Rate this article By LNG World News TransCanada will expand its NOVA Gas Transmission system, based on new contracted customer demand for approximately 3 Bcf/d of incremental firm receipt and delivery services. “Between now and 2021, TransCanada is investing approximately $2 billion in new pipeline infrastructure to connect Western Canadian natural gas production to key…

Shell comes up dry offshore Tanzania

Rate this article By Offshore Energy Today.. Oil major Shell has completed the drilling of two exploration wells in Block 1 and 4, located in the Mafia Deep basin, off Tanzania. No hydrocarbons were found as a result. Shell is the operator of these two blocks with 60% interest and Ophir Energy is its partner…

Shell drills for more gas for Tanzanian LNG project

Rate this article By LNG World News Shell with its partners, Pavilion Energy and Ophir Energy, said it will start the drilling program covering two wells in Block 1 and 4, located in the Mafia Deep basin off Tanzania. The development of Blocks 1 and 4 is part of the Tanzania LNG project, and according…

Shell nets $1 bln through Canadian shale divestment

Rate this article By LNG World News Royal Dutch Shell, through its unit Shell Canada Energy, agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil for approximately US$1 billion. The consideration is comprised of $758 million in cash and Tourmaline shares valued at $279 million,…