Tag Archive

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

March 18, 2019 No Comments

With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field, where it will be installed in a single lift. “This […]

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

February 28, 2019 No Comments

Pátria Investimentos, the Shell Group and Mitsubishi Hitachi Power Systems (MHPS) have announced the construction and operation of the Marlim Azul (Blue Marlin) gas-powered thermoelectric power plant in Macaé, Rio de Janeiro state in Brazil. The partnership includes construction of the power plant and the sale of its energy on both the regulated market, via […]

Arabian Rig Manufacturing

Arabian Rig Manufacturing

February 18, 2019 No Comments

Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting. ARM is a newly formed company, a joint venture (JV) between NOV (owning 70% of the JV’s shares) and Saudi Aramco. Highlights of the meeting included the appointment of senior officials and the approval of […]

Saudi Aramco and Total invest in  retail fuel network in Saudi Arabia

Saudi Aramco and Total invest in retail fuel network in Saudi Arabia

February 14, 2019 No Comments

Saudi Aramco and Total today signed an agreement to develop a network of retail fuel service stations in Saudi Arabia. The 50:50 joint venture (JV) plans to invest around $1 billion over the next 6 years in the Saudi retail fuel market to provide motorists with premium fuels and retail services in Saudi Arabia. “This […]

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. […]

Eni enters the Australian renewable energy market

Eni enters the Australian renewable energy market

February 5, 2019 No Comments

Eni Australia Limited has completed the acquisition of a construction-ready solar photovoltaic (PV) project near Katherine, in the Northern Territory of Australia, from Katherine Solar Pty Ltd, a joint venture between Australia’s Epuron and the UK-based Island Green Power. Once completed, the project will be the largest PV farm in the Northern Territory, consisting of […]

BP to expand its presence in Korea

BP to expand its presence in Korea

January 11, 2019 No Comments

BP and Lotte have agreed a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea. The expansion is expected to add 100,000 tonnes a year (tpa) of acetic acid capacity by May 2019 through debottlenecking, and to double the current 200,000 tpa vinyl acetate monomer […]

Total To Launch a Fuel Retail Network with Sonangol

Total To Launch a Fuel Retail Network with Sonangol

December 21, 2018 No Comments

Total has agreed to develop joint activities in the downstream petroleum sector in Angola, with national company Sonangol. Already long-term partners in the upstream business, the two companies have decided to establish a Joint Venture company to develop a common retail and distribution activity in the country, the fourth largest market in sub-Saharan Africa. While […]

Aramco and Saudi Information Technology Company sign MOU establishing a JV

Aramco and Saudi Information Technology Company sign MOU establishing a JV

December 18, 2018 No Comments

Saudi Aramco and the Saudi Information Technology Company signed a Memorandum of Understanding (MoU) for the creation of an Information and Communication Technology Investment Company; a joint venture (JV) to invest in commercial enterprises in the information, communication and technology sector. The focus of the new JV will be on opportunities with significant potential for […]

Senegal Update:  SNE development  commence FEED activities

Senegal Update: SNE development commence FEED activities

December 17, 2018 No Comments

Woodside advises that the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture1 has agreed to commence front-end engineering and design (FEED) activities following the award of the subsea FEED contract to Subsea Integration Alliance2 for the SNE Field Development-Phase 1 (SNE development) offshore Senegal. Further FEED contracts are targeted to be awarded […]

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