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Sirte Oil Company Resumes Gas Field Development Drilling, Libya
October 23, 2018
Sirte Oil Company (SOC), responsible for the exploration and production of oil and gas, has resumed development drilling activity in the Sahl field at well No. O23-6, following a four-year hiatus as a result of the local security situation. SOC
RMEC Expands Workforce as Oil and Gas Sector Shows Signs of Recovery
October 23, 2018
Angus-based energy services firm RMEC Limited is rapidly expanding its workforce as the oil and gas sector shows signs of recovery. Based at Cotton of Pitkennedy by Forfar, RMEC sells and rents well services equipment and provides mechanical and hydraulic
Waha Acquires Minority Stake in Petronash in $88 Million Deal
October 23, 2018
Waha Capital, a leading investment company based in Abu Dhabi, UAE, has acquired a significant minority stake worth $88 million in Dubai-based Petronash Holdings, a global oilfield services and manufacturing company. The deal, includes options to further increase Waha Capital’s
Ras Girtas Power Signs 15 Year Service Pact With Mitsubishi Hitachi Power Systems
October 23, 2018
Ras Girtas Power Company (RGPC) has signed a 15-year long service agreement with Mitsubishi Hitachi Power Systems worth QR360mn. Ras Girtas Power Company Chairman Mohamed Nasser al-Hajri said RGPC’s existing long-term service agreement with Mitsubishi Hitachi would end in the
Gasum Acquires Nordic LNG Provider Skangas
October 23, 2018
Finnish integrated gas company Gasum has raised its stake in liquefied natural gas (LNG) supplier Skangas to 100 percent. The acquisition strengthens a key element of Gasum’s strategy and will further enhance the development of the Nordic gas market and
NextDecade Opens Offices in Singapore and Beijing, Appoints Key Marketing Personnel
October 19, 2018
NextDecade has opened offices in Singapore and Beijing to serve customers throughout Asia. In addition, NextDecade Corporation has appointed James MacTaggart as senior vice president, LNG marketing – Asia. “The appointment of James and the opening of these offices reinforce
TechnipFMC Signs Strategic Collaboration Agreement with Equinor
October 17, 2018
TechnipFMC has signed a strategic collaboration agreement with Equinor. The agreement states that the two parties will collaborate in continuous improvements to enable developing Equinor’s offshore projects globally, and covers the full scope of TechnipFMC products and services, from early
China on Pace to Become Top Natural Gas Importer in 2018
October 16, 2018
China is expected to become the world’s biggest importer of natural gas for the first time in 2018, overtaking longtime leaders Japan and South Korea. The increase in China’s imports impacts the spot price for liquefied natural gas in Asia,
Sumitomo Acquires New Exploration Licenses in UK’s Licensing Round
October 15, 2018
Sumitomo’s wholly-owned-subsidiary Summit Exploration and Production has been awarded three new exploration license areas in the UK continental shelf during the country’s 30th Offshore Licensing Round. All of the licenses are operated by SEPL and offered on conditions of seismic
Cuadrilla to Begin Hydraulic Fracturing in Lancashire, UK
October 12, 2018
Cuadrilla said that it expects to commence hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its Preston New Road site in Lancashire shortly. The hydraulic fracturing process at Preston New Road
