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Saipem awarded Onshore E&C contract in Oman

Saipem awarded Onshore E&C contract in Oman

February 15, 2018 No Comments

Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construction and commissioning under Package 3 “Offsite Facilities” in the framework of the development of the Duqm Refinery situated near the coast in the north east of Oman. The contract was awarded by Duqm […]

Heerema Fabrication awarded EPCI Q10-A Unmanned Offshore Platform contract

Heerema Fabrication awarded EPCI Q10-A Unmanned Offshore Platform contract

January 24, 2018 No Comments

Tulip Oil Netherlands Offshore B.V. has awarded Heerema Fabrication Group (HFG) an Engineering, Procurement, Construction and Installation (EPCI) contract for the Q10-A unmanned offshore platform. Koos-Jan van Brouwershaven, CEO of Heerema Fabrication Group, states: “We are very pleased with this award from Tulip Oil, and the collaborative way in which we are working together with […]

L&T Hydrocarbon Secures USD229 Million Order from ONGC

L&T Hydrocarbon Secures USD229 Million Order from ONGC

January 10, 2018 No Comments

L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has signed an offshore contract for ‘Bassein Development 3 Well Platform & Pipeline Project’ with Oil & Natural Gas Corporation (ONGC) valued at approximately ? 1,483 crores (~ 229 Million USD). The order, won against International Competitive Bidding, encompasses ‘EPCIC’ –Engineering, Procurement, Construction, […]

ROYAL IHC ACQUIRES KCI FROM OCEANTEAM

ROYAL IHC ACQUIRES KCI FROM OCEANTEAM

January 3, 2018 No Comments

Oceanteam ASA (Oceanteam) and Royal IHC (IHC), a Dutch privately owned global supplier of innovative and efficient equipment, vessels and sustainable services for the offshore, dredging and wet mining markets announce that Oceanteam and IHC have executed a signing protocol under the terms of which IHC will acquire all of the outstanding share capital of […]

TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract in the Norwegian Sea

TechnipFMC Awarded Integrated EPCI (iEPCI™) Contract in the Norwegian Sea

December 20, 2017 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from VNG Norge AS. The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Fenja Project (previously known as Pil & Bue). Fenja is located in the Norwegian Sea […]

Aker Solutions Secures Subsea Services Agreement With Statoil

Aker Solutions Secures Subsea Services Agreement With Statoil

December 14, 2017 No Comments

Aker Solutions secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five four-year extension options. Its value depends on the amount of work ordered by Statoil under the agreement. This […]

BP Awards Petrofac contract for Khazzan phase 2 in Oman

BP Awards Petrofac contract for Khazzan phase 2 in Oman

December 13, 2017 No Comments

Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman.  This follows the US$ 1.4 billion Phase 1 CPF Khazzan project, awarded to Petrofac in February 2014, which celebrated first gas […]

Chevron Donates $1 Million to The BASIC Fund

Chevron Donates $1 Million to The BASIC Fund

December 7, 2017 No Comments

Chevron Corporation (NYSE: CVX) announced a $1 million donation to the Oakland-based BASIC Fund to aid scholarships for the children of San Francisco Bay Area low-income families. The contribution is in honor of Chevron Chairman and CEO John Watson who is retiring February 1 after 37 years of service with the company. The BASIC Fund […]

Quadrise International signs Memorandum of Agreement with JGC Corporation

November 30, 2017 No Comments

Quadrise Fuels International plc (AIM: QFI) announced that the Company’s wholly owned subsidiary, Quadrise International Limited (“QIL”), has signed a Memorandum of Agreement (“MOA”) with JGC Corporation (“JGC”). JGC is one of the world’s leading engineering contractors and Japan’s largest, providing a wide range of engineering, procurement, construction, operation and maintenance, and planning and investment […]

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Martin Linge field and Garantiana discovery

Martin Linge field and Garantiana discovery

November 28, 2017 No Comments

Statoil and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS). Statoil will take over both operatorships and pay Total a consideration of USD 1.45 billion. When in operation, Martin Linge will be a […]

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