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NESR to Merge Oilfield Services Providers GES and NPS in $1.1 Billion Deal

November 16, 2017

National Energy Services Reunited (NESR) has agreed to acquire Gulf Energy SAOC (GES) and National Petroleum Services (NPS) for a combined price of nearly $1.1bn. The intention of the NSER, an US-based special purpose acquisition company (SPAC), is to merge

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Air Products and Yankuang Team Up for $3.5 Billion Coal-to-Syngas Production Facility, China

November 15, 2017

US-based Air Products has signed an agreement with Yankuang Group, a China-based state-owned-enterprise, to jointly invest and develop $3.5bn coal-to-syngas production facility in Yulin City, Shaanxi Province, China. Under the terms investment cooperation agreement, Air Products and Yankuang Group subsidiary

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TechnipFMC Awarded EPCI Contract for Statoil’s Peregrino Phase II Project, Brazil

November 10, 2017

TechnipFMC and Euronext have been awarded by Statoil an engineering, procurement, construction and installation contract. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil.

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Recon to Provide Wastewater Treatment Equipment and Solution for PetroChina Petroleum Refinery

November 10, 2017

Recon Technology’s affiliate, Beijing BHD Petroleum Technology Co., Ltd. (BHD) has signed and completed an Agreement with Beijing OriginWater Purification Engineering Technology Co., Ltd (BOW Engineering), a subsidiary of Beijing OriginWater Technology Co. Ltd. to cooperate with BOW Engineering to

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Inpex Secures Exploration Rights for Offshore Block in Western Australia

November 7, 2017

Japanese oil company Inpex has bagged exploration permit for an offshore Western Australian block through its subsidiary Inpex Browse E&P during the Australia’s 2016 Offshore Petroleum Exploration Acreage Release. Inpex Browse will have a 100 percent stake in the awarded

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Sound Energy Unveils Plans for Three-well Exploration Campaign, Morocco

November 7, 2017

Sound Energy, an African and European focused upstream gas company, has announced an upcoming, high impact, three well exploration drilling program in Eastern Morocco. Commenting on today’s announcement, James Parsons, Sound Energy’s Chief Executive Officer said: “Sound Energy is now

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Saudi Aramco Contractor Arkad Forms Oil and Gas Venture With ABB

November 7, 2017

Saudi energy services company Arkad, which is building a nationwide pipeline network for oil giant Saudi Aramco, will expand outside the kingdom in a venture with ABB Ltd. that opens the doors to business in North Africa and the Gulf

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KrisEnergy Makes Final Investment Decision on Apsara Oil Development, Offshore Cambodia

November 6, 2017

KrisEnergy, a Singapore-listed oil and gas company has made a final investment decision (FID) for Phase 1A of the Apsara oil field development project offshore Cambodia. The Apsara development marks the first hydrocarbon development project in the Southeast Asian country.

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Chevron Starts LNG Shipments from Wheatstone Project, Western Australia

November 6, 2017

Chevron Australia and its partners have has commenced LNG shipment from the Wheatstone Project, located 12km west of Onslow in Western Australia. First LNG production from the Chevron-operated Wheatstone facility was achieved on October 9, 2017, while the cargo is

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Ineos Acquires Forties Pipeline System for $250 Million, Scotland

November 6, 2017

Ineos has completed its $250m acquisition of the 378km Forties Pipeline System (FPS) and associated pipelines and facilities including the Kinneil Terminal in Scotland from oil and gas major BP. Ineos had carried out the deal through its subsidiary Ineos

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