Published in Oil Industry News on Tuesday, 5 July 2016 Chevron announced that its 50% owned affiliate Tengizchevroil (TCO) is to proceed with the development of its Future Growth and Wellhead Pressure Management Project (FGP-WPMP). The development is expected to increase crude oil production at the Tengiz oil field in… Lire la suite →
Abu Dhabi is about to create a $135 billion state-owned powerhouse Mohammed bin Zayed al-Nahyan, the crown prince of Abu Dhabi, ordered the merger of state-owned investment firms Mubadala Development Company PJSC and International Petroleum Investment Co. (IPIC). As reported on 29 June 2016, the merger would be overseen by… Lire la suite →
Published in Oil Industry News on Friday, 1 July 2016 Project will create 10,000 new jobs and support economic growth in Papua Barat Province BP, on behalf of Tangguh Production Sharing Contract Partners, today announced that the Final Investment Decision (FID) has been approved for the development of the Tangguh… Lire la suite →
Published in Oil Industry News on Tuesday, 14 June 2016 Shell and Technip-MMHE Joint Venture (TMJV) have concluded the onshore fabrication and commissioning of the Malikai deep-water platform. Shell and Technip-MMHE Joint Venture (TMJV) have concluded the onshore fabrication and commissioning of the Malikai deep-water platform. According to Shell, this… Lire la suite →
Published in Oil Industry News on Monday, 13 June 2016 Italian oil and gas industry contractor, Saipem, and French oil major, Total, have signed a co-ownership and exclusive commercialization agreement for SPRINGS, a subsea deepwater treatment technology. Saipem said on Friday that the agreement will see the industrialization and commercialization… Lire la suite →
Published in Oil Industry News on Sunday, 22 May 2016 CNPC, a Chinese state-owned oil and gas corporation, has signed a cooperation framework agreement with Mozambique’s national oil and gas company, ENH. The Chinese side said on Friday that the two companies signed the agreement on Wednesday, May 18, in… Lire la suite →
Published in Oil Industry News on Saturday, 21 May 2016 Australian Woodside has reported an increase in its best estimate contingent resource (2C) by 83 MMboe to 4,481 MMboe following the announcement of two gas discoveries offshore Myanmar in Q1 2016. Woodside announced the discovery of 32 m net gas… Lire la suite →
Published in Oil Industry News on Friday, 20 May 2016 French oilfield services giant Technip and U.S. subsea equipment specialist FMC Technologies, have announced a merger agreement. The companies said that the merger will create “a global leader that will drive change by redefining the production and transformation of oil… Lire la suite →
Published in Oil Industry News on Thursday, 12 May 2016 Malaysian energy giant Petronas and Vietnamese Petrovietnam have announced the signing of a a ten-year extension of the Production Sharing Contract (PSC) for the PM3 Commercial Arrangement Area (CAA) with Talisman. The extension was signed with Talisman Malaysia Ltd, Talisman… Lire la suite →
April 27, 2016 — 5:14 AM ICTUpdated on April 27, 2016 — 11:01 AM ICT The new magic number in the oil industry is $50. BP Plc, rig-owner Nabors Industries Ltd. and explorer Pioneer Natural Resources Co. all said in the past 24 hours that prices above $50 will encourage more… Lire la suite →
