BP ups Tangguh LNG stake
Indonesia bp-tangguh-lng
In a USD 313-million transaction, BP expanded its shareholding in the LNG venture by 3.06%. For Repsol, the deal will generate pre-tax gains to the tune of USD 26 million. The Spanish major announced the sale on Friday.
In July, BP signed off on the final investment decision on the Tangguh expansion project that will see the addition of a third LNG train and raising capacity to 11.4 million tonnes of LNG per year.
Recent Posts
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More