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Amec Foster Secures Contract to Upgrade Heydar Oil Refinery in Baku, Azerbaijan
May 6, 2016
State Oil Company of Azerbaijan (Socar) has awarded a front-end engineering design (FEED) contract to Amec Foster Wheeler to upgrade the Heydar Aliyev oil refinery (HAOR) located in Baku. Under the contract, Amec in partnership with Socar Foster Wheeler Engineering
Gazprom Partners with Wintershall to Conduct Enhanced Oil Recovery Research in Siberia
May 6, 2016
Russian energy giant Gazprom Neft has signed an agreement with Germany based oil and gas firm Wintershall to jointly undertake enhanced oil recovery research in order to increase oil recovery and extend the lifetime of Gazprom Neft’s mature oil fields
GE Oil & Gas Signs Agreement with Iraq to Strengthen Energy Sector
May 6, 2016
GE Oil & Gas has signed an agreement with the Iraqi Ministry of Oil to boost the country’s energy sector. As per the deal, GE will provide advanced equipment, technology upgrades and maintenance of the ministry’s fleet to help support
BP Secures Consent to Extend Operating Life of Ula Oil Export Pipeline, North Sea
May 6, 2016
BP has received consent to extend the operating life of the Ula oil export pipeline. BP Norge AS (BP) is the operator of the Ula field, located in the southern North Sea, NNW of the Ekofisk field. The oil from
Zenith Energy and Grupo Coremar Complete First Phase of Palermo Tanks Terminal, Colombia
May 4, 2016
Zenith Energy and its partner Grupo Coremar have completed the first phase of the Palermo Tanks Terminal located in the port of Barranquilla, Colombia. The world class facility has an initial capacity of 352,000 barrels for refined products and crude
Abu Dhabi’s ADNOC Inaugurates $10 Billion Al Hosn Ultra Sour Gas Project, UAE
May 4, 2016
State-owned oil company Abu Dhabi National Oil Company (ADNOC) has inaugurated the $10bn Al Hosn sour gas project located around 180km southwest of Abu Dhabi, UAE. The Shah Field project is claimed to be the world’s largest of its kind
Iraq’s Mass Global Energy Secures $375 Million from IFC to Develop Power Projects
May 4, 2016
International Finance Corporation (IFC), a member of World Bank Group, has granted $375m in financing to Iraq based power firm Mass Global Energy Sulimaniya to fund the development of power projects in a bid to address power shortages amid migrant
Bechtel’s ThruPlus® Delayed Coking Technology Selected for Egyptian Refinery
May 3, 2016
Bechtel has signed a license agreement with Assiut Oil Refining Company (ASORC), a subsidiary of Egyptian General Petroleum Corporation (EGPC), for the process design of a delayed coking unit at the Assiut refinery in Egypt. The new delayed coking unit
Uganda to Build $4 Billion Oil Pipeline Through Tanzania
May 3, 2016
Uganda is planning to build a 1,400km oil pipeline from its fields in western region to the east Africa coastline through Tanzania, with an investment of about $4bn (£2.8bn). East African Community (EAC) leaders recently agreed a plan which involves
Novatek and Partners Secure Financing for $27 Billion Yamal LNG Project, Russia
May 3, 2016
Russia’s natural gas producer Novatek and its partner have signed over $12bn loan agreements with Chinese banks to fund the development of the $27bn Yamal LNG project in Russia. Located near Sabetta in the Yamal peninsula in Russia, the project
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