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Petroleum Development Oman Secures $4 Billion to Support Construction Activities, Oman
July 1, 2016
State-owned firm Petroleum Development Oman (PDO) has secured $4bn in financing from a group of international financial institutions to fund the construction of new facilities amid plunging oil price. The funding will be used by PDO to support the construction
Global Bioenergies Receives All Major Equipment Units for Petrochemical/Refining Complex, Germany
June 29, 2016
Global Bioenergies has received the last large unit operation, the purification skid, at its demo plant which is located at Leuna, a German petrochemical/refining complex. This unit was pre-assembled by Sulzer at its manufacturing site. It was shipped as a
Total and Qatar Petroleum Form New Company for Development of Al-Shaheen Oil Field, Offshore Qatar
June 29, 2016
Total has signed an agreement with state-owned Qatar Petroleum to create a new company which will focus on future development and operation of the $2.5bn Al-Shaheen oil field offshore Qatar. The new Qatari company, known as North Oil Company, will
Falcon Oil & Gas Advancing Towards Production Testing at Amungee NW-1H Well, Australia
June 29, 2016
Falcon Oil & Gas Ltd gave a brief operational update alongside its AGM results statement, highlighting that work to re-enter the Amungee NW-1H well has begun. Amungee NW-1H, drilled last year, in Australia’s Beetaloo shale basin, is being re-entered so
Oilex Planning New Well at Cambay Block in Gujarat State, India
June 29, 2016
Oilex Ltd plans to drill a vertical well at the Cambay Block in Gujarat state in India once it can get the finances. The well will target the Eocene siltstone (EP-IV or Y Zone) and is essential prior to drilling
GE Invests R$500 Million to Innovate in Africa for Africa
June 28, 2016
GE has officially opened its R$500 million facility, the GE Africa Innovation Center in Johannesburg South Africa. The center, a first for GE in Africa, is another big investment for GE, affirming that Africa and South Africa continue to be
Ashland Enlists Distribution Expert HORN to Support Oil and Gas Market
June 27, 2016
HORN has made a new addition to its portfolio of best-in-class specialty suppliers serving the oil and gas industry. Ashland Inc. has aligned with HORN as its exclusive distribution channel partner to distribute all its product lines sold into the
Statoil Awards Master Services Agreement to Wood Group
June 24, 2016
Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore and onshore facilities. Work and services covered by the MSA include engineering studies, detailed engineering, procurement services and management
Valmec Secures $11.8 Million in New Oil and Gas Contracts, Australia
June 24, 2016
Valmec Ltd is continuing to build a healthy order book by securing additional contracts through its oil, gas and Infrastructure divisions totaling $11.8 million. The contracts, which are based in Western Australia and in New South Wales, extend across a
Irish Authorities Approve Europa Oil & Gas Transfer of Ownership for Frontier Exploration License
June 24, 2016
Europa Oil & Gas Plc told investors that the Irish authorities have now officially confirmed the transfer of operatorship and full ownership of Frontier Exploration Licenses (FEL) 2/13 and 3/13, in the Atlantic margin. For these exploration assets the company
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