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Lukoil Begins Production at Pyakyakhinskoye Oil and Gas Field, West Siberia
October 31, 2016
Lukoil has commenced commercial production from the Pyakyakhinskoye oil and gas condensate field located in the Yamal-Nenets Autononous District in West Siberia. The project involved development of a 32MW gas-turbine electric power plant, an oil treatment unit, a pump station
AkerBP Set to Commence Production at $3.2 Billion Ivar Aasen Oil and Gas Field, North Sea
October 31, 2016
AkerBP has secured consent from the Norwegian Petroleum Directorate (NPD) to commence production from the NOK26.9bn ($3.2bn) Ivar Aasen field in the North Sea in December 2016. The field comprises three discoveries including Ivar Aasen, West Cable and Hanz. The
ADX Energy on Path to Commercialize Nilde Oil Field, Offshore Italy
October 31, 2016
ADX Energy Ltd has made significant progress in assessing the resource potential and a potential path to commercialization of the Nilde Oil Field in offshore Sicily, Italy. About 300 million barrels of oil initially in place (OIIP) has now been
Aker Solutions to Acquire 70% Stake in Brazil’s Oil and Gas Services Company CSE
October 27, 2016
Aker Solutions has signed an agreement to acquire 70 percent of Brazilian oil and gas services company CSE Mecânica e Instrumentação in a bid to expand its services business in key markets globally. As per the terms of the deal,
Saudi KAD Awarded Contract to Execute Pipeline Projects Under Saudi Aramco’s Master Gas Program
October 27, 2016
Saudi KAD has been selected as Saudi Aramco‘s contractor for executing several strategic pipeline projects related to the Master Gas Program Phase II, and the Fadhili Gas Program. When the project is completed in 2018, the Master Gas System capacity
Weatherford Recognized for Safety and Service Quality Performance
October 27, 2016
Weatherford International plc has received two recognitions from Chevron affiliates highlighting performance at Chevron’s operations in Angola and Australia. The service company achieved a record of 15 years with zero lost-time incidents (LTI) at Chevron’s Malongo Base in Cabinda, Angola.
Petrobras and Total Partner for Oil and Gas Projects in Brazil and Abroad
October 27, 2016
Brazil’s state-owned Petrobras and French oil giant Total have signed a Memorandum of Understanding (MoU) for a strategic alliance in oil and gas projects in Brazil and abroad. Initially, the companies will intend to focus on exploration projects and on
KBR Awarded Feasibility Study Contract for Singapore LNG’s Terminal on Jurong Island
October 25, 2016
KBR has been award of a high level feasibility study which includes exploring the possible expansion of the Singapore LNG’s (SLNG) existing LNG terminal on Jurong Island in Singapore. SLNG was formed by Singapore’s Energy Market Authority (EMA) to develop,
Cooper Energy Inks Gas Sale Agreement for Sole Gas Project in Victoria, Australia
October 25, 2016
Cooper Energy Ltd has executed a binding gas sale agreement with Owens-Illinois (O-I) Australia for the sale of gas from the Sole Gas Project in Victoria. O-I is the world’s leading glass container manufacturer and operates four manufacturing plants in
Russia’s Rosneft to Acquire Controlling Stake in India’s Essar Oil for $12.9 Billion
October 24, 2016
Russian oil major Rosneft and a consortium of commodities trader Trafigura and private investment group United Capital Partners have agreed to acquire 98 percent stake in India’s Essar Oil (EOL) for around $12.9bn. As per the terms of the deals,
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