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ALE Completes Final Load-out for Ichthys LNG Facilities, Onshore Thailand
January 22, 2016
ALE has completed the final module load-out for the Ichthys Project onshore LNG Facilities in Thailand. ALE’s Thailand branch were contracted by CUEL Limited to perform the load-out, site move, and weighing of total 151 modules of inter-connect piperacks, jetty
Norway Awards 56 Oil and Gas Exploration Licenses
January 22, 2016
The Norwegian Petroleum Directorate (NDP) has awarded 56 oil and gas exploration licenses in mature areas on the Norwegian continental shelf in a bid to boost its oil and gas industry. A total of 36 companies received the offers for
BP to Cut 4,000 Jobs in Exploration and Drilling at Operations in North Sea
January 22, 2016
UK oil major BP is planning to axe 4,000 jobs globally due to falling profits as a result of plunging oil price. The decision to cut jobs in exploration and drilling business this year comes as the firm intends to
Honeywell Selected to Build Gas Processing Plant for PV Gas, Vietnam
January 22, 2016
Vietnam’s primary gas provider PV Gas has selected Honeywell to supply gas processing plant and advanced automation systems to produce liquefied petroleum gas (LPG). Under the contract, Honeywell will supply a 250 million standard cubic feet per day (mmscfd) modular
Chevron and ENN Sign Gorgon LNG Agreement for Delivery to China
January 21, 2016
Chevron Corporation has signed a non-binding heads of agreement (HoA) with ENN LNG Trading Company Limited for the delivery of liquefied natural gas (LNG) to China from the Chevron-operated Gorgon natural gas project in Australia. When the deal is finalized,
Sound Energy Acquires 25% Stake in Sidi Moktar Gas Project, Onshore Morocco
January 19, 2016
Sound Energy has confirmed the acquisition of a 25 percent stake in the Sidi Moktar project, which comprises three onshore gas permits in Morocco. It has now signed a binding deal with Maghreb Petroleum Exploration for the transaction which was
Statoil Acquires Stake in Swedish Company Lundin Petroleum for $538.5 Million
January 19, 2016
Oil major Statoil has acquired 11.93 percent stake in Swedish independent oil and gas company, Lundin Petroleum, for approximately SEK4.6bn ($538.5m). As per the terms of the agreement, Statoil acquired 37,101, 561 shares in Lundin Petroleum, which has the second-largest
War Between Saudi Arabia and Iran Could Send Oil Prices to $250
January 19, 2016
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East. First, the
Isramco and Partners Discover Large Natural Gas Field, Offshore Israel
January 19, 2016
Located at the Daniel East and West licenses off the Israel’s coast, the field is estimated to have potential reserves of 8.9 trillion cubic feet of gas. A group led by Isramco Negev and Modiin Energy has reportedly discovered a
Rockhopper Exploration Upgrades Plans for First Phase of Sea Lion Oil Field, North Falkland Basin
January 19, 2016
Rockhopper Exploration has revealed that plans have been upgraded for the first phase of the Sea Lion oil field development, in the North Falkland basin. The oil field’s first phase will now address some 220mln barrels of oil, rather than
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