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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
New ExxonMobil Grants Renew Longstanding Commitment to Fight Malaria
May 3, 2016
ExxonMobil marked World Malaria Day by announcing grants to local and international organizations fighting malaria. These investments extend ExxonMobil’s commitment of more than 15 years to reduce the global burden of malaria, which threatens nearly half the world’s population and
Technip to Provide Proprietary Equipment for S-Oil’s Refinery in South Korea
May 2, 2016
Technip was awarded a contract by Daelim Industrial Company to provide proprietary equipment for the world’s first commercial High Severity Fluid Catalytic Cracking (HS-FCC™) unit. The HS-FCC cracks heavy hydrocarbons into lighter olefins such as propylene and lighter fuels such
Northcote Energy Enters Partnership with Andalas Energy for Tuba Obi East Project, Indonesia
April 29, 2016
Northcote Energy Ltd has told investors it has decided to take a 3.75 percent working interest in Andalas Energy & Power Plc’s Tuba Obi East project, in Indonesia. The Tuba Obi East Technical Assistance Contract (TOE) area is located in
EMC to Provide Broadband Communications, Content for Global Vessel Fleet of Oilfield Services Leader
April 28, 2016
EMC has been awarded a multi-year contract with the leading global oilfield services company to provide mission-critical satellite broadband communications for its vessels worldwide. Under the contract, EMC will provide equipment, global bandwidth, services and support for seismic vessels and
WellDog Awarded A$35 Million in Coal Seam Gas Artificial Lift Contracts in Queensland
April 27, 2016
WellDog has inked exclusive, multi-year contracts worth about A$35 million through its Artificial Lift business unit based in Toowoomba, Queensland. The contracts commit the company to providing cost effective, downhole progressing cavity pumping (PCP) system equipment, as well as technologies
InterOil Secures $400 Million to Advance Its Papua New Guinea Assets
April 26, 2016
InterOil Corporation has secured US$400 million to advance its Papua New Guinea assets. “We are taking proactive steps to increase our financial flexibility. The new, increased and extended credit facility underscores the lenders’ confidence in our Papua New Guinea assets
Chevron Signs Natural Gas Supply Agreement with Alinta Energy from Its Wheatstone Project, Australia
April 22, 2016
Chevron has agreed to supply natural gas to energy retailer Alinta Energy from its $29 billion Wheatstone project, which is currently under construction near Onslow, Western Australia. Under the seven-year agreement, Chevron will supply 20 petajoules of gas per annum
Sound Energy Spuds First Well at Tendrara Oil Project, Onshore Morocco
April 22, 2016
Sound Energy has started drilling its first well at Tendrara, onshore Morocco. Spudding took place on April 20 with the drill expected to reach a measured depth of 2,640 metres with coring, logging, completion and testing all parts of the
Queensland Government Bans Underground Coal Gasification
April 22, 2016
The Queensland Government has banned underground coal gasification (UCG), a process of converting coal to gas by burning coal underground, due to concerns over environmental impact in Australia. Queensland State Development Minister and Minister for Natural Resources and Mines Dr.
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