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Beijing Gas Secures $500 Million Financing to Construct LNG Terminal in China
January 7, 2020
The Asian Infrastructure Investment Bank (AIIB) has agreed to provide $500 million financing for the construction of a liquefied natural gas (LNG) terminal in China. The funding from the bank will be used in the building of LNG receiving, storage
ExxonMobil Acquires 1.7 Million Acres for Exploration, Offshore Egypt
January 6, 2020
American multinational oil and gas company ExxonMobil has acquired more than 1.7 million acres for exploration offshore Egypt. The acreage is expected to add upstream interests to ExxonMobil’s long-standing downstream presence in Egypt, where it has been a fuels, lubricants
Hess Achieves First Production from Liza Field, Offshore Guyana
December 30, 2019
Hess Corporation has started production from the Liza Field offshore Guyana, less than five years after the first discovery of hydrocarbons and well ahead of the industry average for deepwater developments. Production from the first phase of the Liza Field,
COOEC-Fluor Completes Module Program for KIPIC Al-Zour Project in Kuwait
December 30, 2019
Fluor Corporation’s joint venture COOEC-Fluor Heavy Industries fabrication yard in Zhuhai, China, has safely completed the entire module program for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project in Kuwait. “The COOEC-Fluor yard completed the modular program over a
Schlumberger Becomes First Company to Commit to Science-Based Target in Emissions Reduction
December 20, 2019
Schlumberger announced today its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined criteria, Schlumberger will define its
Australia’s Woodside Petroleum Moves A-6 Development Project Into Pre-FEED Phase
December 19, 2019
Australia’s Woodside Petroleum and its partners have moved its A-6 gas project offshore Myanmar from the exploration and appraisal phase into the pre-front-end engineering design phase. Located in Block A-6 within Woodside’s Southern Hub, the A-6 development project is owned
MOL to Acquire Chevron’s Stakes in ACG Oil Field and BTC Pipeline for $1.5 Billion
December 17, 2019
MOL Group has agreed to acquire a 9.57 percent stake in the Azeri-Chirag-Gunashli oil field (ACG oil field) and an 8.9 percent stake in the Baku-Tbilisi-Ceyhan pipeline (BTC pipeline) in Azerbaijan from two Chevron subsidiaries for $1.57 billion. The Hungarian
Drummond Ordered to Halt CBM Gas Production Under Temporary Ruling, Colombia
December 17, 2019
Colombia’s high administrative court ordered coal miner Drummond to halt coal bed methane (CBM) gas production. The temporary ruling tasks the mines and energy ministry and hydrocarbons regulator ANH to enforce the suspension of CBM production at the Caporo field,
Indonesia Adds Value to Mining Industry, Invests in Downstream Processing Facilities
December 13, 2019
Creating mining and minerals processing infrastructure to increase Indonesia’s mineral value while strengthening downstream processing capabilities has been at the core of the Indonesian mining authority and mineral export laws since 2009. PT Borneo Alumina Indonesia has appointed a Black
Stork Wins Construction Contract for HES Hartel Tank Terminal, Netherlands
December 11, 2019
Stork, part of Fluor’s Diversified Services segment, was awarded a construction contract by HES Hartel Tank Terminal, a project of HES International, in the Netherlands. Stork will be the lead piping, mechanical, and structural contractor for the 1.3 million cubic
