Tag Archive

Saudi Aramco signs $27.5 billion Deals with suppliers

Saudi Aramco signs $27.5 billion Deals with suppliers

November 27, 2018 No Comments

Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment opportunities with Saudi Aramco in the upstream, chemicals, utilities, non-metallic, IT and cybersecurity, and other […]

Eni and Sonatrach sign agreements in the renewable energy sector

Eni and Sonatrach sign agreements in the renewable energy sector

November 26, 2018 No Comments

The Chairman and General Director of the Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the Chief Executive Officer (CEO) of Eni, Claudio Descalzi, inaugurated a 10 MW solar plant today in Bir Rebaa North (BRN) in Algeria. The plant, co-operated by Eni and Sonatrach through the GSA (Groupement Sonatrach-Agip), will provide green energy to […]

Saudi Aramco breaks ground for new Upstream R&D Center in Russia

Saudi Aramco breaks ground for new Upstream R&D Center in Russia

November 9, 2018 No Comments

Strategic collaboration between Saudi Arabia and Russia continues to progress with Saudi Aramco President and CEO Amin H. Nasser attending the groundbreaking ceremony of a new Saudi Aramco Research Center at the MSU Science Park. The Center is Saudi Aramco’s ninth R&D facility outside the Kingdom and will focus on upstream technologies in simulation and […]

Shell agrees to sell Upstream Interests in Denmark to Noreco

Shell agrees to sell Upstream Interests in Denmark to Noreco

October 25, 2018 No Comments

Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. SOGU is a wholly-owned Shell subsidiary that holds a 36.8% non-operating interest in […]

Total Opens Lubricants Oil Blending and Production Plant in Russia

Total Opens Lubricants Oil Blending and Production Plant in Russia

October 15, 2018 No Comments

Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October 15th, in the presence of Anatoly Artamonov, Governor of the Kaluga Region, and Patrick Pouyanné, Chairman and CEO of Total. This blending and production plant will allow […]

OMV signs Heads of Agreement with Sapura Energy

OMV signs Heads of Agreement with Sapura Energy

September 12, 2018 No Comments

OMV has entered into a Heads of Agreement with Sapura Energy Berhad (“Sapura Energy”) to form a strategic partnership. The parties have agreed to continue negotiations on an exclusive basis. OMV intends to acquire a 50% interest in Sapura Energy’s wholly-owned subsidiary, Sapura Upstream Sdn Bhd (“Sapura Upstream”). Sapura Upstream is a major independent oil […]

Advanced analytics solution, developed with BHGE, will be installed on BP’s upstream assets

Advanced analytics solution, developed with BHGE, will be installed on BP’s upstream assets

September 4, 2018 No Comments

BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed with Baker Hughes, a GE company, across all four of its operated production platforms in the deepwater Gulf of Mexico. The announcement comes after an initial deployment of POA proved the technology could help prevent unplanned downtime […]

Devon Energy Completes Sale of Ownership Interests in EnLink Midstream

Devon Energy Completes Sale of Ownership Interests in EnLink Midstream

July 19, 2018 No Comments

Devon Energy Corp. (NYSE: DVN) announced today it has completed the sale of its ownership interests in EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) for $3.125 billion to affiliates of Global Infrastructure Partners (GIP), a leading global, independent infrastructure fund manager. With the closing of this transaction, the financial results […]

Nigeria is clueless about the consumption level of refined products that it imports.

Nigeria is clueless about the consumption level of refined products that it imports.

July 19, 2018 No Comments

When the Nigerian National Petroleum Corporation (NNPC) stated the other day that daily consumption of Premium Motor Spirit (petrol) in the country is unknown due to smuggling of the product into other West African countries, there could not have been a better way to illustrate how shrouded in various mysteries operations in the oil industry […]

Africa Oil Week 2018 announces conference programme

Africa Oil Week 2018 announces conference programme

July 12, 2018 No Comments

Africa Oil Week (AOW) has announced its programme for the 25th Africa Oil Week conference, 5-9 November in Cape Town, South Africa. The event is spread across five days and promises to present a content and networking-rich summit programme featuring over 150 speakers from across the international oil and gas sector including industry leaders, 11 […]

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