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Metso to Deliver Two Metso Truck Bodies to Boliden’s Aitik Mine, Sweden
May 7, 2019
Metso has won an order to deliver two Metso Truck Bodies to Boliden’s Aitik mine in Gällivare, Sweden. In addition, Metso will supply rubber truck bed lining for five more haul trucks. Boliden has been using Metso’s rubber truck bed
Europe’s Imports of American Natural Gas is Soaring
May 6, 2019
Europe is making good on a promise to buy much more American natural gas as it seeks to ease transatlantic trade tension and reduce its reliance on Russian energy. The European Union has imported roughly 8 billion cubic meters of
NSW Approves Industrial Energy’s $176 Million Port Kembla Gas Terminal
May 2, 2019
The New South Wales (NSW) government has granted development consent to Australian Industrial Energy’s (AIE’s) Port Kembla Gas Terminal, an A$250 million ($176.27million) liquefied natural gas (LNG) import terminal to be built near Wollongong in NSW. The Port Kembla Gas
COOEC-Fluor Completes Module Fabrication for Dongfang Gas Fields Development Project, China
May 1, 2019
Fluor Corporation’s joint venture COOEC-Fluor Heavy Industries Co., Ltd. fabrication yard has completed the central and wellhead platforms for CNOOC’s Dongfang 13-2 Gas Fields Development Project. The central platform recently departed the COOEC-Fluor yard in Zhuhai, China, and follows the
PETRONAS to Acquire Stake in Brazilian Offshore Fields for $1.3 Billion
April 30, 2019
PETRONAS Petróleo Brasil (PPBL), a subsidiary of Malaysia’s Petroliam Nasional Berhad (PETRONAS), has agreed to acquire 50 percent stake in the Tartaruga Verde field and Module III of Espadarte field, both located offshore Brazil, from Petróleo Brasileiro (Petrobras) for $1.29
Saudi Aramco to Acquire Shell’s 50% Stake in SASREF JV for $631 Million
April 29, 2019
Saudi Arabian Oil Company (Saudi Aramco) has agreed to acquire Royal Dutch Shell’s 50 percent stake in Shell Saudi Arabia Refinery (SASREF) joint venture in Jubail Industrial City, in Saudi Arabia, for $631 million. Upon completion of the deal, Saudi
BP and Partners Move Forward with $6 Billion ACE Project, Offshore Azerbaijan
April 25, 2019
BP and its partners in the Azeri-Chirag-Gunashli field (ACG field) have approved the $6 billion Azeri Central East project (ACE project), which marks the next stage of development of the super-giant offshore Azerbaijani oilfield in the Caspian Sea. The ACE
Santos Makes Gas Discovery at Corvus Field, Offshore Australia
April 23, 2019
Santos has completed the appraisal of the Corvus field, confirming the presence of significant gas resources in Corvus-2 exploration well in the Carnarvon Basin, offshore Western Australia. Santos owns 100 percent interest in the appraisal well, which is located in
Saudi Aramco to Acquire 70% Stake in SABIC for $69 Billion
April 22, 2019
Saudi Aramco has agreed to acquire 70 percent stake in petrochemical giant Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia for SAR259.12 billion ($69.1 billion). As per the share purchase agreement, Saudi Aramco will be
ExxonMobil Secures Three Blocks in Argentina Offshore Bid Round
April 19, 2019
ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its
