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Antonoil Preferred Bidder for Oilfield Production Operation & Maintenance Services, Southern Iraq
January 25, 2016
Anton Oilfield Services Group (Antonoil) has received a notification from an IOC customer operating at an oilfield in southern Iraq stating that Antonoil has been named as the preferred bidder for related oil production operation and maintenance services project on
GE, Alstom Technology Proves Powerful; Pakistan Advances with Third High-Efficiency HA Power Plant
January 25, 2016
For years, crippling electricity shortages have plagued Pakistan, creating challenges for residents and businesses alike, and fixing the problem has become a priority for the Federal Government of Pakistan. To address this, GE will provide two high-efficiency 9HA gas turbines,
Faroe Petroleum Awarded New Exploration Areas Offshore Norway
January 22, 2016
Faroe Petroleum has added six exploration licenses offshore Norway via the country’s 2015 APA (Awards in Pre-defined Areas) license round. Chief executive Graham Stewart said the company had been “very successful” in its application strategy. “Significantly, we have further consolidated
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
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