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Ophir, OneLNG to Set Up Joint Company to Develop $2 Billion Fortuna FLNG Project, Offshore Guinea
November 16, 2016
Oil and gas explorer Ophir Energy and OneLNGSM have agreed to form a joint operating company (JOC) to develop the Fortuna floating liquefied natural gas (FLNG) project offshore Equatorial Guinea. OneLNGSM, a joint venture between subsidiaries of Golar LNG and
Shell Considers Partial Sale $3 Billion Norwegian Business
November 16, 2016
Oil giant Shell is contemplating to sell part of its $3bn Norwegian business to reduce its debt that swelled after the acquisition of BG Group. The company has roped in investment bank Rothschild to conduct a review of its Norwegian
WellDog, Shaanxi Energy Institute to Jointly Develop Coalbed Methane Fields in China
November 16, 2016
Energy-focused technical services company WellDog and Shaanxi Provincial Institute of Energy Resources and Chemical Engineering (SPIERCE) have signed a letter of intent to jointly develop coalbed methane fields in China. Through a joint venture, the partners will deploy reservoir, production
Styrolution to Acquire Chevron Phillips Chemical’s K-Resin® SBC Business
November 15, 2016
Chevron Phillips Chemical Company LLC has signed an agreement with INEOS Styrolution to sell the company’s K-Resin® styrene-butadiene copolymers (SBC) business. The deal is subject to customary closing conditions and regulatory approvals. As part of the transaction, INEOS Styrolution will
ExxonMobil Makes Significant Oil Discovery, Offshore Nigeria
November 15, 2016
Exxon Mobil Corporation has made a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on Sept. 23, encountered about
Largest Natural Gas Power Project in South America to Meet Growing Energy Demand
November 15, 2016
Black & Veatch has been selected as owner’s engineer by Centrais Elétricas de Sergipe (CELSE) for a 1,516 megawatt combined cycle power project in northeastern Brazil. The Porto de Sergipe plant will meet growing electricity demand and supplement hydropower supplies
GTC Wins Award with NKNK for Benzene Production Complex Modernization Project, Russia
November 15, 2016
GTC Technology has signed an agreement with PJSC Nizhnekamskneftekhim (NKNK) to provide its GT-BTX® licensed technology for the modernization of a benzene production facility at NKNK’s EP-600 cracker plant in Nizhnekamsk, Republic of Tatarstan, Russia. The new GT-BTX® unit will
Shell Awards Subsea Inspection Contract to Bibby Offshore, North Atlantic Ocean
November 11, 2016
Bibby Offshore, the subsea services provider to the oil and gas industry, has been awarded two contracts from Shell to provide inspection services on assets in the Corrib Natural Gas field in the North Atlantic Ocean. The first contract, completed
Saipem Secures $1 Billion Worth of E&C Offshore Contracts
November 11, 2016
Saipem has been awarded new contracts and change orders in the E&C offshore segment. The overall amount of the contracts is about $1bn. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts
Genoil Signs $50 Billion LOI for Oil Field Development, Production Projects, Russia
November 11, 2016
Genoil has signed a $50bn letter of intent (LOI) with Grozneft to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia. The project, which will incorporate Genoil’s clean technology hydroconversion (GHU) process, aims to produce 3.5
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