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Barakah Offshore Petroleum Berhad Awards Sub-contracting Work for FLNG Offshore Works
February 23, 2016
Barakah Offshore Petroleum Berhad is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd, has received the subcontract agreement from PETRONAS Floating LNG 1 Ltd for FLNG offshore works. The Contract is for the provision of engineering,
Wood Group Enters New Sector in UK with Valero Energy Refinery Contract
February 23, 2016
Wood Group has secured a new five year framework agreement with Valero Energy, an international manufacturer and marketer of transportation fuels, petrochemical products and power. Effective immediately, Wood Group Industrial Services (WGIS), Wood Group PSN’s industrial service line business, will
Posco to Build Power Plant and LNG Terminal in Colon, Panama
February 23, 2016
South Korean construction firm Posco E&C has received a contract $650m engineering, procurement and construction (EPC) contract for the 180,000m3 LNG terminal and 380MW combined-cycle power plant at Colon in Panama. Under the contract, signed with Gas Natural Atlantico and
Cluff Natural Resources Extends Halliburton Arrangement for Gas Portfolio and UCG Assets
February 23, 2016
Cluff Natural Resources has told investors that it has extended its arrangement with US oil and gas services group Halliburton for a further two year. The arrangement secures Halliburton’s support for CLNR’s Southern North Sea gas portfolio, which comprises five
Madalena Energy Discovers Oil in Lower Agrio Shale, Argentina
February 22, 2016
Madalena Energy Inc. has received the initial results of its completion and testing of the Lower Agrio shale formation on its 90 percent working interest operated block at Curamhuele in Argentina. “We are extremely pleased with the results from this
Total E & P Congo Selects Welltec’s Annular Barrier for Moho Nord Deepwater Oil Project
February 22, 2016
The award-winning Welltec® Annular Barrier (WAB®) has been selected by Total E & P Congo as a completion component for the upcoming wells in its deepwater Moho Nord project. Sufficient quantities of WAB’s were purchased to achieve multiple barriers per
Shell Completes $53 Billion Acquisition of BG Group
February 19, 2016
Royal Dutch Shell has completed acquisition of BG Group for approximately $53bn, making it the biggest energy company. The move follows approval from the High Court of Justice in England and Wales for the scheme of arrangement on February 11,
Salah Gas Begins Production from In Salah Southern Fields Project, Algeria
February 19, 2016
BP and its joint venture partners Sonatrach and Statoil in Salah Gas have commenced production from the In Salah Southern Fields (ISSF) project in Algeria. The ISSF project is the second phase of the In Salah Gas (ISG) project, which
Australia’s Resource Minister Sees Bright Future for Coal and Gas Sectors
February 19, 2016
Australia is in the box seat to capitalize on growing demand for mineral and energy exports, says Resources Minister Josh Frydenberg. But he said workplace laws needed further change, foreign investment encouraged and “unhelpful” restrictions to coal seam gas development
Four Oil Producing Nations Agree to Output Freeze
February 17, 2016
Four oil exporting countries including Russia and Saudi Arabia have agreed to freeze output levels, but say the deal is contingent on other producers joining in — a major sticking point with Iran absent from the talks and determined to
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