Archive for Press Releases

DANA GAS SPUDS WELL IN EGYPT CONCESSION AREA

DANA GAS SPUDS WELL IN EGYPT CONCESSION AREA

May 22, 2019 No Comments

Dana Gas PJSC (“Company”), the Middle East’s largest regional private sector natural gas company, today announced it has commenced drilling operations on 20 May at its Merak-1 well, offshore Egypt. The location is in 755 meters of water in the North El Arish concession, also known as Block 6. This block is in the Eastern […]

Saudi Aramco and Sempra Energy sign a heads of agreement (HOA)

Saudi Aramco and Sempra Energy sign a heads of agreement (HOA)

May 22, 2019 No Comments

Sempra Energy (NYSE:SRE) and Saudi Aramco today announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tonnes per annum (Mtpa) of LNG offtake from Phase 1 […]

Golar reports Interim results for the period ended 31 March 2019

Golar reports Interim results for the period ended 31 March 2019

May 21, 2019 No Comments

Business Performance Golar reports today 1Q 2019 (“1Q”) operating income of $28.9 million compared to a $102.8 million loss in 4Q 2018 (“4Q”). Total operating revenues net of voyage, charterhire and commission expenses decreased from $141.9 million in 4Q to $97.8 million in 1Q. Of the 1Q total, $43.6 million is derived from vessel and […]

Equinor awards NOK 700 million Johan Sverdrup contract

Equinor awards NOK 700 million Johan Sverdrup contract

May 21, 2019 No Comments

Equinor awarded a contract for services within insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field to Kaefer Energy AS. Awarded under an already existing framework agreement for operations the contract has an estimated value of more than NOK 700 million. This includes both ordinary operations and maintenance work, and work associated with […]

CNRL Announces Normal Course Issuer Bid

CNRL Announces Normal Course Issuer Bid

May 21, 2019 No Comments

Canadian Natural Resources Limited (“Canadian Natural”) announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid (“NCIB”) through the facilities of the Toronto Stock Exchange or other alternative Canadian trading systems. Purchases may also be made through the facilities of the […]

Roxtec UK awarded cable sealing solution contract  for Sellafield project

Roxtec UK awarded cable sealing solution contract for Sellafield project

May 21, 2019 No Comments

Roxtec UK is supplying Sellafield – Britain’s biggest nuclear site – with specialist cable sealing solutions to support a major overhaul to infrastructure. The Manchester firm has been awarded the contract by Sellafield’s Infrastructure Strategic Alliance (ISA). The ISA is an integrated team which consists of three delivery partners; Sellafield Ltd, Morgan Sindall Infrastructure and […]

Eni awarded exploration block in Argentina’s offshore

Eni awarded exploration block in Argentina’s offshore

May 21, 2019 No Comments

The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. The award is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 April 2019. Block MLO 124 is located offshore in the Cuenca Marina Malvinas (the Malvinas […]

ExxonMobil Permian development aims to generate $64 billion in New Mexico

ExxonMobil Permian development aims to generate $64 billion in New Mexico

May 21, 2019 No Comments

ExxonMobil said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements. Study […]

Global energy investment stabilised above USD 1.8 trillion in 2018

Global energy investment stabilised above USD 1.8 trillion in 2018

May 17, 2019 No Comments

Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and […]

Eni and Sonatrach strengthen relationship

Eni and Sonatrach strengthen relationship

May 17, 2019 No Comments

Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027 (plus two further optional years) also defining the transportation arrangements through the pipeline crossing the Mediterranean Sea. These agreements follow in the steps of a partnership on gas supply and transportation that was established more […]

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