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NEWS Click on text to read news by category: General | Product | People | Worldwide

BP Shuts Down Its Clair Platform After Oil Spill in North Sea

October 7, 2016

BP has temporarily shut down its Clair oil platform, located about 75km to the west of Shetland Islands, following a leak. The energy giant confirmed that a quantity of oil in water was released to the sea from the Clair

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Qatargas Signs LNG Sales Agreement with Pakistan’s GEIL

October 5, 2016

Qatargas and Pakistan-based Global Energy Infrastructure (GEIL) signed a 20-year Liquefied Natural Gas (LNG) sale and purchase agreement (SPA). The Qatari delegation was led by Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum and Chairman of the Qatargas Board

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Maersk Oil Begins First Production Well Drilling at $4.5 Billion Culzean Field, UK North Sea

October 5, 2016

Maersk Oil has commenced drilling of the first production well at the £3bn ($4.5bn) Culzean gas field located in License P111 of the UK Continental Shelf. Located in the UK North Sea at a depth of approximately 90m, the Culzean

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Amec Foster Wheeler Secures Consultancy Contract for Ichthys LNG Project, Australia

October 5, 2016

Amec Foster Wheeler has received a consultancy contract from INPEX, Japan’s oil & gas exploration and production company, for the Ichthys Liquefied Natural Gas (LNG) Project in Australia. Ichthys is the largest discovery of hydrocarbon liquids in Australia in the

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Emerson to Acquire UK-based Permasense

October 4, 2016

Emerson has agreed to acquire UK-based Permasense Limited, a leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries. Permasense® monitoring systems use unique sensor technology,

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Indian Oil and Gail to Acquire Stake in Adani’s Dhamra LNG Terminal Project, Odisha

September 28, 2016

India’s refiner Indian Oil and gas utility Gail (India) have signed a memorandum of understanding (MoU) to jointly acquire 50 percent stake in a liquefied natural gas (LNG) terminal being built at Dhamra Port in the Indian state of Odisha.

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Italy’s Eni Upgrades Potential of Gas Field Baltim South West, Egypt

September 28, 2016

Italian oil and gas company Eni has upgraded the field potential of Baltim South West to 1 trillion cubic feet (Tcf) of gas in place. The announcement regarding the potential of the field has been made following the results of

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Brazil’s Petrobras to Sell 90% Stake in Natural-gas Pipeline Unit for $5.2 Billion

September 28, 2016

Brazilian state-run oil company Petróleo Brasileiro (Petrobras) has signed an agreement to divest 90 percent stake in its natural-gas pipeline unit to Brookfield Asset Management and its partners for $5.2bn. The stake sale in Nova Transportadora do Sudeste (NTS) is

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ENOC Names Technip as Main EPC Contractor for $1 Billion Refinery Expansion Project, Dubai

September 27, 2016

Emirates National Oil Company (ENOC) has revealed plans to expand the capacity of its ENOC Processing Company (EPCL) Jebel Ali facility by 50 percent. The expansion project comprises of three separate packages at an estimated value in excess of US$1

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GE’s Solution to Enable Uninterrupted Operations at PETRONAS’ PIC, Malaysia

September 26, 2016

The majority of world’s largest refineries are situated in the Asia Pacific region. With 4 million barrels of oil produced per day by the top five refineries in the region, Asia’s growing importance as both an energy source and destination

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