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McDermott Secures EPCI Contract for Saudi Aramco’s Safaniya and Zuluf Fields, Offshore Saudi Arabia
February 3, 2017
McDermott International has secured a contract from Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) services in the Safaniya and Zuluf fields offshore of Saudi Arabia. The project is part of a bigger program which aims to replace
AG&P Signs MOU with Hindustan LNG to Build LNG Import Terminal in Andhra Pradesh, India
February 2, 2017
AG&P (Atlantic, Gulf and Pacific Company) and Hindustan LNG (HLNG) have signed a memorandum of understanding (MoU) to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India. Under the agreement, AG&P will provide an
Harbour Energy to Lead Acquisition of Shell UK North Sea Assets for $3 Billion
February 2, 2017
Harbour Energy, Ltd. has agreed to lead the acquisition by Chrysaor Holdings Limited of a well-diversified portfolio of oil and natural gas assets from Shell U.K. Limited and its affiliates to create the UK’s leading independent oil and gas company
DEWA Signs MOU with NETL for Clean Coal Technologies Research
February 1, 2017
Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with National Energy Technology Laboratory (NETL), which operates under the US Department of Energy, and specializes in energy security, and the Research and Development (R&D) of coal,
OneSubsea Secures EPC Contract for Statoil’s Utgard Development Project, Norwegian North Sea
January 27, 2017
Schlumberger company OneSubsea has bagged a contract from Statoil to supply subsea production system for Utgard gas and condensate discovery in the Norwegian North Sea. Financial terms of the engineering, procurement and construction (EPC) contract of the project were not
INPEX and ADNOC to Extend Joint Development of Abu Dhabi Offshore Oil Fields
January 27, 2017
INPEX has come to an agreement with its partner Abu Dhabi National Oil Company (ADNOC) to extend the duration of their joint development of the Umm Al Dalkh and Satah oil fields up to December 31, 2042. Both the oil
Gazprom Set to Start Pilot Work at Severo-Samburgskoye Oil Field, Yamal
January 25, 2017
Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 2017. Geological modelling of the field indicates oil reserves in the order of 72
Petrobras to Divest Certain Noncore Business Assets in Brazil for $587 Million
January 25, 2017
Brazilian state-run oil company Petróleo Brasileiro (Petrobras) has signed agreements to divest certain noncore business assets for $587m in a bid to reduce debts. In a deal with France’s Tereos International, Petrobras agreed to sell its 45.97 percent stake in
Scotland Outlines Plans to Boost Presence with $62 Billion Global Subsea Market
January 25, 2017
Scotland’s main economic development agency, Scottish Enterprise has unveiled a new action plan to strength its position in £50bn ($61.8bn) global subsea market. The new Subsea Engineering Action Plan is aimed at helping Scottish companies increase its share in the
Norway Awards 56 Offshore Oil and Gas Exploration Licenses
January 20, 2017
The Norwegian Ministry of Petroleum and Energy has awarded 56 oil and gas exploration licenses in mature areas on the Norwegian continental shelf in a bid to boost its oil and gas industry. The exploration licenses have been awarded by
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