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Subsea 7 awarded contract offshore Egypt

Subsea 7 awarded contract offshore Egypt

June 13, 2018 No Comments

Subsea 7 announced today the award of a engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt. The scope includes connecting six new wells into existing subsea facilities using umbilicals and flexible flowlines. Project management and engineering work has already commenced at […]

Wood wins contract to expand Tasiast gold mine in Mauritania

Wood wins contract to expand Tasiast gold mine in Mauritania

May 10, 2018 No Comments

Wood is providing engineering, procurement and construction management services to Kinross Gold Corporation (Kinross Gold) for the Phase Two expansion of the Tasiast gold mine in Mauritania. The award follows Wood’s early involvement in the project executing the feasibility study for the Phase Two expansion and reinforces the company’s longstanding global leadership in the development […]

CNOOC and Shell joint venture starts production

CNOOC and Shell joint venture starts production

May 2, 2018 No Comments

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the official start-up of the second ethylene cracker at their Nanhai petrochemicals complex in Huizhou, Guangdong Province, China. Several linked derivative units have also started up and the remaining units will start up progressively over the next few weeks. These new units […]

DEWA and ACWA Power, in collaboration with Shanghai Electric

DEWA and ACWA Power, in collaboration with Shanghai Electric

April 18, 2018 No Comments

The Engineering, Procurement and Construction (EPC) agreement with Shanghai Electric Generation Group (SEGC) for the DEWA (Dubai Electricity and Water Authority) 700MW CSP project in Dubai was signed at a ceremony in China. The project is the 4th phase of the Mohamed bin Rashid Solar Park, the largest thermo-solar power plant in the world. The […]

Subsea 7 awarded contract offshore Nigeria

Subsea 7 awarded contract offshore Nigeria

April 17, 2018 No Comments

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced the award of a substantial contract by Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow water, offshore Nigeria. The contract scope includes engineering, construction, transportation, installation and pre-commissioning of 20 kilometres of 24” Corrosion Resistant Alloy (CRA) pipeline between the […]

Aker and Kvaerner Secure Letter of Intent for Johan Sverdrup Phase II Work

Aker and Kvaerner Secure Letter of Intent for Johan Sverdrup Phase II Work

April 5, 2018 No Comments

Aker Solutions and Kvaerner together secured a letter of intent for modifications of the riser platform and field center of the Statoil-operated Johan Sverdrup development, Norway’s largest oil find in more than three decades. The contract value is NOK 3.4 billion and will be split equally between the two companies, which formed a joint venture […]

Statoil signs letters of intent for Johan Sverdrup phase 2

Statoil signs letters of intent for Johan Sverdrup phase 2

April 5, 2018 No Comments

Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field centre modifications is also issued to a joint venture of Aker Solutions and Kværner. Total value is estimated at more […]

TechnipFMC Awarded Integrated EPCI Contract

TechnipFMC Awarded Integrated EPCI Contract

March 26, 2018 No Comments

TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded an iEPCI™ (integrated Engineering, Procurement, Construction and Installation) contract by Energean Oil & Gas for the Karish full field development, located offshore Israel at a water depth of 1,750 meters. This award extends our iEPCI™ offering from seabed to offshore producing facility. The execution of this iEPCI™ contract covers […]

Wood Announce Final results for the year to December 2017

Wood Announce Final results for the year to December 2017

March 20, 2018 No Comments

Financial results for 2017 ahead of guidance on a reported basis and in line on a proforma basis Highlights; Relatively resilient performance despite continued challenging conditions in core oil & gas markets Integration progressing at pace. Annualised cost synergies delivery of greater than $40m to date, earlier than plan. Remain confident of delivering at least […]

McDermott and CB&I Announce Organizational Structure for Future Combined Company

McDermott and CB&I Announce Organizational Structure for Future Combined Company

March 13, 2018 No Comments

McDermott International, Inc. (NYSE:MDR) and Chicago Bridge & Iron Company N.V. (NYSE:CBI) announced the selection of the executive leadership team and integrated organizational structure of the combined company, which will be effective upon the close of the transaction. “The plans announced today are important steps to position the combined company to build a common culture, […]

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