Shell exits third Saudi project after ending Sabic venture
Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in a petrochemical joint venture for $820 million, marking the third …
Ivano Pullano Venturini
Gazprom Neft enhances production from Arctic Sea field
Gazprom Neft, through its subsidiary Gazpromneft-Shelf, has commissioned two new production wells at its Prirazlomnoye field, bringing the total number of …
A new submersible check valve by FloMatic
FloMatic has recently presented a new stainless steel submersible check valve, the Model 80S6CL-VFD, suited for VFD controlled pumps. Standard check valves …
API reported probable end of downturn in o&g drilling activity
API announced today that estimated total wells drilled and completed in the fourth quarter of 2016 decreased 8.8 percent compared to the third quarter of 2016. …
Saipem got new world-wide agreements for $240mln
Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and …
GE has secured $1.4bln in power plant construction, upgrades in Iraq
GE announced it has won more than $1.4 billion in orders from Iraq’s Ministry of Electricity for new power plants as well as technology upgrades and …
OneSubsea awarded an EPC contract with Statoil in North Sea
Statoil has awarded OneSubsea an EPC contract to supply the subsea production system for the Utgard gas/condensate field in the North Sea. The scope includes a …
Clarke Industrial Engineering announces agreement with Curtiss-Wright Corporation
Clarke Industrial Engineering (Clarke) announced it has entered into a licensing agreement with Curtiss-Wright Corporation (Curtiss-Wright), whereby Clarke’s …
ExxonMobil to acquire companies doubling Permian Basin resource to 6 billion barrels
Exxon Mobil Corporation said it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies …
The Technip-FMC Technologies merged company will be listed on Euronext and NYSE tomorrow morning
Technip and FMC Technologies announced that TechnipFMC plc (TechnipFMC) secured visa no. 2017-015 from the French stock market regulator for its prospectus …