Eni and Lukoil sign agreement on exploration licenses offshore Mexico
Eni and Lukoil signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow waters. According to …
Business & Management
Sonatrach awards LPG project in Algeria to Maire Tecnimont
The signing ceremony of the contract for the realization of the “LPG Train 4 – ZCINA Hassi Messaoud” project took place yesterday at Sonatrach’s …
Signing of Duqm refinery project US$4.61 billion multi-sourced project financing
A multi-source project financing was achieved for the Duqm Refinery Project. This is a major milestone for the 230,000 bpd refinery. The Duqm Refinery Project …
Magnatech Group announces new name and becomes a provider of fully integrated welding solutions
Magnatech Group signed an agreement with ITW to take care of the global sales and marketing activities of PWT Italy. As a result, the company can now offer a …
Metso closes its acquisition of India based Rotex Manufacturers and Engineers Pvt. Ltd.
Metso has today successfully completed its acquisition of the valve automation division of India based Rotex Manufacturers and Engineers Private Limited …
McDermott announces plan to divest storage tank business and U.S. pipe fabrication business
McDermott International yesterday announced it has completed a comprehensive strategic review of its portfolio as part of the integration process resulting …
Orbital Gas Systems advances business development efforts in China with distribution partner Samson
CUI Global announced yesterday that its wholly-owned energy division, Orbital Gas Systems will host multiple technical training sessions in China for its …
Solvay to increase fluorelastomer production in China and Italy
Solvay S.A. is set to increase the company’s fluoroelastomer (FKM) production to support global customers’ continuing strong demand for high performance …
Weir Oil & Gas hires new president of pressure pumping
Weir Oil & Gas announced yesterday the hiring of David Paterson as President of Pressure Pumping. Based in Fort Worth, Paterson will lead Weir’s Oil …
McDermott to partner with Saipem on Rio Grande LNG bid
McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade’s planned …