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Altair and Progresstech Sign MOU to Promote Technological, Engineering Interests in Russia
July 14, 2016
Altair and Progresstech have signed a memorandum of understanding under which Progresstech will leverage its engineering expertise and market positions to promote and distribute Altair’s software technology and methods in Russia and the Commonwealth of Independent States (CIS). The terms
GeoPark Completes Successful Appraisal Drilling at Jacana Oil Field, Colombia
July 14, 2016
GeoPark Limited has completed the successful drilling and testing of the Jacana 3 appraisal well in the Jacana oil field in the Llanos 34 Block (GeoPark operated with a 45 percent working interest) in Colombia. GeoPark drilled and completed the
AWE Completes G Sand Appraisal Well Operations at Its AAL Oil Project, Offshore Indonesia
July 13, 2016
AWE advises that all operations relating to the AAL-4XST1 appraisal well have been completed and the Raniworo jack-up drilling rig was released on July 7, 2016. The AAL-4XST1 appraisal well successfully drilled and intersected the primary G Sand and secondary
GeoPark Completes Appraisal Drilling in Jacana Oil Field, Colombia
July 13, 2016
GeoPark, a independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, announced the successful drilling and testing of the Jacana 3 appraisal well in the Jacana oil
KPJV to Provide EPC Management Services for Tengiz Oil Expansion Project, Kazakhstan
July 13, 2016
Tengizchevroil (TCO) has selected KPJV to provide detailed engineering, procurement and construction management support services for the proposed Tengiz oil field expansion project in western Kazakhstan. KPJV is a joint venture (JV) formed by Fluor, Kazakh Institute of Oil and
Chevron Approves Next Major Tengiz Expansion Oil Project in Kazakhstan
July 11, 2016
Chevron Corporation’s 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its future growth and wellhead pressure management project (FGP-WPMP), which will increase crude oil production at the Tengiz oil field in Kazakhstan by about 260,000 barrels
Noble Energy to Divest Stake in Tamar Natural Gas Field for $369 Million, Offshore Israel
July 11, 2016
Noble Energy has agreed to divest a 3 percent stake in the Tamar field, offshore Israel, to infrastructure private equity fund Israel Infrastructure Fund (IIF) and Harel Group for $369m. The Tamar field is estimated to hold recoverable gross mean
Wood Group Awarded Engineering and Procurement Services Contract for Peregrino Field, Brazil
July 8, 2016
Wood Group has been awarded a contract to provide detailed engineering and design, and procurement services to South Atlantic, which is owned by Statoil and partner Sinoche, for the development of the Peregrino field wellhead platform C, offshore Brazil. Wood
Uganda Starts Negotiations with SK Engineering-led Consortium for $4 Billion Refinery Project
July 8, 2016
Uganda has entered into talks with South Korea’s SK Engineering-led consortium for the development of crude oil refinery in the country, with an investment of $4bn. The consortium members also include SK KBD Global Investment Partnership, Private Equity Fund, China
Tengizchevroil JV to Develop $36.8 Billion Tengiz Oil Field Expansion, Kazakhstan
July 8, 2016
Tengizchevroil (TCO), a joint venture between Chevron, ExxonMobil, KazMunayGas and LukArco, has made final investment decision to move ahead with the development of the proposed $36.8bn Tengiz oil field expansion project in western Kazakhstan. The expansion project is expected to
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