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Saudi Aramco and Total Invest in High-Quality Fuels in Saudi Arabia

Saudi Aramco and Total Invest in High-Quality Fuels in Saudi Arabia

February 14, 2019 No Comments

Saudi Aramco and Total today signed a Joint Venture (JV) Agreement to develop a network of fuel and retail services in Saudi Arabia. The 50:50 JV plans to invest around USD 1 billion over the next 6 years in the Saudi fuel retail market and start providing motorists with premium fuels and retail services in […]

Eni and SABIC to produce high value fuels and chemicals

Eni and SABIC to produce high value fuels and chemicals

February 11, 2019 No Comments

Eni and SABIC signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as methanol. The partnership will involve, among other activities, the construction of an Industrial Demonstration Plant that will be built and operated […]

Seadrill  Establishes new joint venture with Sonangol, Angola

Seadrill Establishes new joint venture with Sonangol, Angola

February 7, 2019 No Comments

Seadrill Limited (“Seadrill”) announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. (“Sonangol”). The new joint venture, Sonadrill, will operate four drillships, focusing on opportunities in Angolan waters. Each of the joint venture parties will bareboat two drillships into Sonadrill. […]

Equinor Signs research agreements worth NOK 315 million

Equinor Signs research agreements worth NOK 315 million

February 1, 2019 No Comments

Equinor has signed agreements funding basic research in five Norwegian universities and NHH by NOK 315 million over five years. The biggest agreement was signed with NTNU in Trondheim on 1 February. The agreement with the Norwegian University of Science and Technology (NTNU) is the sixth academic agreement on basic research signed by Equinor this […]

TechnipFMC Signs  Agreement with Chevron

TechnipFMC Signs Agreement with Chevron

November 14, 2018 No Comments

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a Surface Technologies Frame Agreement with Chevron. This 5-year agreement covers the exclusive supply of surface wellhead equipment and service in the United States and Canada. Richard Alabaster, President of TechnipFMC’s Surface Technologies business, commented: “We are very pleased to extend our partnership with Chevron and to support their […]

Producers react favorably to U.S.-Mexico-Canada Agreement

Producers react favorably to U.S.-Mexico-Canada Agreement

November 6, 2018 No Comments

Agricultural producer sentiment rebounded in October, according to the Purdue University/CME Group Ag Economy Barometer. The October barometer reading of 136 was 22 points higher than September, which was the lowest reading for the survey since 2016. The barometer is based on a survey of 400 agricultural producers from across the country. The sentiment improved […]

TechnipFMC signs Strategic Collaboration Agreement with Equinor

TechnipFMC signs Strategic Collaboration Agreement with Equinor

September 26, 2018 No Comments

TechnipFMC (NYSE:FTI) (Paris:FTI) 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 phase, through project execution, including installation and subsea operations services. It reflects the […]

ExxonMobil Signs Framework Agreement in China

ExxonMobil Signs Framework Agreement in China

September 6, 2018 No Comments

ExxonMobil said today that it has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The new facility would help meet expected demand growth for chemical products in China. The multibillion-dollar project, which remains subject […]

Petrobras and Ensco Announce Settlement Agreement

Petrobras and Ensco Announce Settlement Agreement

August 17, 2018 No Comments

Petrobras and Ensco announce today that they have agreed to a settlement of all claims relating to the ENSCO DS-5 drilling services agreement. While the terms of the agreement are confidential, no payments will be made by either party in connection with this settlement. The parties also agreed to normalize business relations. As a result, […]

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Wood wins contract for the proposed Scarborough gas field development

Wood wins contract for the proposed Scarborough gas field development

August 9, 2018 No Comments

Wood has been awarded a new contract by Woodside to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia. Secured under a long-standing master services agreement, this latest contract extends Wood’s 35-year relationship with Woodside across their asset portfolio. Concept definition level engineering associated with the floating production unit, […]

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