Tag Archive

Wood Group secures FEED for Alexandroupolis LNG

Wood Group secures FEED for Alexandroupolis LNG

June 27, 2017 No Comments

Wood Group has secured a new front end engineering design (FEED) contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System (INGS) offshore Greece. The project, to develop a floating liquefied natural gas (LNG) receiving, storage and regasification unit (FSRU), will create a new natural gas gateway to the markets of south eastern and […]

Aker Solutions to Supply Umbilicals for Mozambique’s Offshore Field Development

Aker Solutions to Supply Umbilicals for Mozambique’s Offshore Field Development

June 26, 2017 No Comments

Aker Solutions was awarded a contract to deliver three umbilicals and associated equipment at ENI’s Coral South project, Mozambique’s first offshore field development. The work scope includes three steel tube umbilicals that will total more than 19 kilometers in length and connect the Coral South floating liquefied natural gas (FLNG) facility to the field’s subsea […]

Iran exporting natural gas to Iraq

Iran exporting natural gas to Iraq

June 22, 2017 No Comments

Iran has begun exporting its natural gas to Iraq, according to reports by Islamic Republic News Agency (IRNA) on Wednesday, after a several years of delays. The neighbours, both members of the Organisation of the Petroleum Exporting Countries, initially signed a deal in 2013 for Iran to supply Iraqi power stations, but officials in the […]

Energean submits FDP for Karish and Tanin gas fields, offshore Israel

Energean submits FDP for Karish and Tanin gas fields, offshore Israel

June 21, 2017 No Comments

Energean Oil & Gas (“Energean” or “the Company”) announced that its subsidiary, Energean Israel, has submitted the Field Development Plan (FDP) for the Karish and Tanin natural gas fields, offshore Israel, to the Israeli Petroleum Commissioner. Energean Israel holds 100% of Karish and Tanin, which combined have 2.7 TCF of natural gas and 41 million […]

U.S Supreme Court Denies Petition by Lawyer Behind Fraudulent Chevron Ecuador Lawsuit

U.S Supreme Court Denies Petition by Lawyer Behind Fraudulent Chevron Ecuador Lawsuit

June 20, 2017 No Comments

The United States Supreme Court has denied a certiorari petition seeking review of a decision by the U.S. Court of Appeals for the Second Circuit affirming extensive district court findings that a $9.5 billion Ecuadorian judgment against Chevron Corporation was the product of fraud and racketeering activity, and unenforceable in the United States. In 2014, […]

Hess Announces Sale of Its Enhanced Oil Recovery Assets in the Permian Basin

Hess Announces Sale of Its Enhanced Oil Recovery Assets in the Permian Basin

June 19, 2017 No Comments

Hess Corporation (NYSE:HES) today announced it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE:OXY) for a total consideration of $600 million, effective June 1, 2017. Proceeds from the sale will be used to fund the company’s strong growth opportunities. […]

Hess Announces Positive Liza-4 Results, Offshore Guyana

Hess Announces Positive Liza-4 Results, Offshore Guyana

June 19, 2017 No Comments

Hess Corporation (NYSE:HES) announced it has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries of the past decade, located on the Stabroek Block offshore Guyana. In addition, the company announced positive results from the Liza-4 well, which encountered more than 197 feet (60 meters) of high-quality, […]

Saudi Arabia’s plans for renewable energy

June 14, 2017 No Comments

A second wind power project would be open for bids in the fourth quarter of this year followed by more solar projects. The Saudi government is making good on its pledge to introduce solar and wind power into the kingdom’s energy mix so that renewable energy becomes a growing part of the feedstock for the […]

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GE Signs Multiyear Agreement to Upgrade Gas Turbines in Tanzania

GE Signs Multiyear Agreement to Upgrade Gas Turbines in Tanzania

June 2, 2017 No Comments

GE’s Power Services (NYSE: GE) and Songas Ltd. have signed a multiyear service agreement (MYA) to upgrade equipment at Songas’ Ubungo Power Plant in Dar es Salaam, Tanzania. The MYA encompasses GE’s Fleet360* platform of total plant solutions, helping Songas ensure the long-term, reliable operation of its power plant. The upgrades will help Songas increase […]

Global oil discoveries and new projects fell to historic lows in 2016

Global oil discoveries and new projects fell to historic lows in 2016

June 1, 2017 No Comments

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency , which warned that both trends could continue this year. Oil discoveries declined to 2.4 billion barrels in […]

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