Tag Archive

Eni starts production of Baltim South West field offshore Egypt

Eni starts production of Baltim South West field offshore Egypt

September 17, 2019 No Comments

Eni announces the successful commissioning and start-up of production of the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, the field goes on-stream in a record time, just 19 months after the final investment decision (FID) was approved in January 2018. This result further confirms the success of the […]

Kvaerner aims to diversify into new business areas

Kvaerner aims to diversify into new business areas

September 16, 2019 No Comments

Kvaerner establishes two new focus areas to grow its operations within both oil and gas projects and in renewable industries. With the new focus areas, the group is aiming for around 40 per cent growth within a few years, compared to revenues in 2018. The company will continue to be a main contractor that creates […]

Patriot’s on-site machining services

Patriot’s on-site machining services

September 13, 2019 No Comments

Patriot International is a skilled provider of on-site services aimed to maintain the integrity of production and process plant and pipework. With our own extensive range of specialist portable equipment, coupled with highly skilled technicians we are able to provide you with cost-effective mechanical completion services on-site at any location, at any time. All kinds […]

Cairn enters into a farm-out agreement for the sale of a 10% interest in the Nova development

Cairn enters into a farm-out agreement for the sale of a 10% interest in the Nova development

August 6, 2019 No Comments

With effect from 1 January 2019, ONE-Dyas Norge AS shall acquire 10% in the project by paying US$59.5 million(m) plus customary working capital adjustments on completion. Following this transaction Cairn will retain a participating interest of 10% interest in the Nova development and reduce its capital expenditure to the end of 2021 in the Nova […]

Qatar Petroleum signs agreement in Guyana

Qatar Petroleum signs agreement in Guyana

July 30, 2019 No Comments

Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America. Under the agreement, which is subject to customary regulatory approvals by the government of Guyana, Qatar Petroleum will hold 40% of Total’s existing 25% participating interest in the Orinduik block. […]

Eni sells a 20% stake in the East Sepinggan area offshore Indonesia

Eni sells a 20% stake in the East Sepinggan area offshore Indonesia

July 26, 2019 No Comments

Eni, through its subsidiary Eni East Sepinggan Limited and Neptune Energy Group Limited, through its subsidiary Neptune Energy East Sepinggan BV, signed an agreement for the sale of a 20% participating interest out of Eni’s share to Neptune Energy Group Limited. Eni will continue to be the Operator of the area which is located in […]

Saipem announce new contracts in offshore drilling worth over 160 million USD

Saipem announce new contracts in offshore drilling worth over 160 million USD

July 25, 2019 No Comments

Saipem has been awarded new contracts in offshore drilling in Romania and Abu Dhabi worth over 160 million USD. According to one contract, the company will drill a well in Romania’s Black Sea waters, expectedly in the fourth quarter of 2019. Works will be executed by the semi-submersible rig Scarabeo 9, a drilling unit suitable […]

Eni sells a 13.75% share in the blocks L11A, L11B e L12, to Qatar Petroleum

Eni sells a 13.75% share in the blocks L11A, L11B e L12, to Qatar Petroleum

July 23, 2019 No Comments

Eni and Qatar Petroleum (QP) today signed an agreement that will see the Qatari national oil company acquire a 13.75% share in the exploration blocks L11A, L11B and L12, in deep offshore Kenya. The proposed deal is pending subject to the approval of the Kenyan authorities. Blocks L11A, L11B and L12 are located in water […]

Eni awarded a new Exploration and Production license in Ghana

Eni awarded a new Exploration and Production license in Ghana

July 3, 2019 No Comments

Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana. This result allows Eni to further consolidate its presence in the Country. Eni will be the Operator of the license and besides Vitol the Joint Venture will include […]

McDermott Awarded Offshore EPCI Contract from Saudi Aramco

McDermott Awarded Offshore EPCI Contract from Saudi Aramco

June 28, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) announced a large* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia. The contract includes the full suite of EPCI services for the relocation of Control Rooms in Zuluf GOSP-4, Marjan GOSP 2 and 3 including the […]

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