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

Total Begins Production at Incahuasi Gas and Condensate Field, Bolivia

August 5, 2016

French oil major Total has commenced production of the Incahuasi gas and condensate field located within the Aquio and Ipati blocks in Bolivia. Located at more than 5,600m beneath the Andean foothills, 250km from the city of Santa Cruz de

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Honeywell, ExxonMobil Sign Technology Licensing Agreement with Hainan Handi Sunshine Petrochemical

August 5, 2016

Honeywell UOP and ExxonMobil announced a technology licensing agreement with Hainan Handi Sunshine Petrochemical, marking the first project in China under a joint marketing alliance for premium fuels and lubes between the two technology providers. The integrated UOP and ExxonMobil

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BP and Atlantic LNG to Develop Onshore Compression Project, Trinidad and Tobago

August 5, 2016

BP Trinidad and Tobago (bpTT) and Atlantic LNG have decided to move ahead with the development of the Trinidad Onshore Compression (TROC) project. The project approval follows finalization of key project agreements between the Atlantic shareholders and the National Gas

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Uganda’s Cabinet Approves Total E&P Oil Production License

August 5, 2016

Uganda’s Cabinet has approved the request from the Energy Ministry to allow three petroleum production licenses to Total E&P. Total will be issued production licenses for Ngiri, Jobi-Rii and Gunya fields located in the Albertine Graben basin. The production licenses

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Wood Group Awarded Subsea Master Service Agreement Extension by Apache, North Sea

August 3, 2016

Wood Group has been awarded an extension to its master service agreement (MSA) contract with Apache in the North Sea. Wood Group will continue to deliver subsea engineering and consultancy services, in support of Apache’s routine operation and maintenance works,

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Flotek and YPF Sign Joint Technology Development Agreement

August 3, 2016

Flotek Industries has signed a five-year joint technology development agreement with YPF Technologia, the technology arm of YPF Sociedad Anonima, the vertically-integrated national energy company of Argentina. Flotek and Y-TEC will jointly work to develop new technologies and new applications

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India, U.S. Find Large Natural Gas Deposits at Krishna-Godavari Basin, Bay of Bengal

August 3, 2016

A joint expedition team, including the US Geological Survey (USGS), the Indian government and Japanese scientists, have found natural gas hydrate deposits in the Krishna-Godavari Basin in the Bay of Bengal. The discovery is being hailed as the first of

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BetaZi Signs Technology Services Agreement with Munich Re’s Reserve Risk Financing Business

August 2, 2016

BetaZi™ has entered into a multi-year contract with Munich Re, based in Munich, Germany. The contractual relationship establishes BetaZi™ as Munich Re’s exclusive provider of physics-based predictive analytics in support of Munich Re’s oil and gas reserves risk underwriting efforts.

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Amec Foster Awarded Engineering and Management Contract at Cilacap Refinery Upgrade Project

July 29, 2016

Amec Foster Wheeler has received contract from PT Pertamina (Persero) and Saudi Aramco for upgrade and expansion of the 348,000 barrels per day Cilacap refinery in Central Java. Under the contract, Amec Foster Wheeler will provide engineering and project management

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Scarborough and CNEEC to Develop Natural Gas-fuelled Heat and Power Plant Project, Serbia

July 29, 2016

A consortium of UK-based Scarborough Group International and state-owned China National Electric Engineering (CNEEC) have signed an agreement to develop a new €230m combined cycle natural gas-fueled heat and power plant project in Serbia. The scope of the deal involves

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