GE and Statoil will fight low oil price together
GE Oil & Gas has signed a Master Service Agreement with Statoil for new subsea projects that will enable GE to continue to support the international …
Contracts & Projects
Enel Green Power will invest $400mln in Peru
Enel Green Power SpA, part of the Eni SpA group, has achieved contracts for complessively 326 MW in renewable-energy-based plants in Peru. EGP has also …
Rosneft will reportedly invest $500mln in Venezuela
Russia’s top oil producer Rosneft is to invest another $500 million as it raises its stake in the Petromonagas joint venture in Venezuela’s Orinoco …
Suez strongly expands its presence in Africa
French company Suez has secured €56 million worth of water contracts in Sub-Saharan Africa that will collectively supply a total of about five million …
ENI goes one step ahead on oil explorations in Egypt
The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company grants Eni the Zohr Development Lease, …
Air Products and Unipetrol will work together on Litvinov ASU until 2027
Air Products and Unipetrol RPA, part of the petrochemical and refining group Unipetrol, have signed a new long-term agreement extending their 20-year-old …
Abengoa selected for a $50mln-worth project in Peru
Abengoa has been selected as a 50% member of a consortium along with GyM, a part of the Graña y Montero Group, to develop a project that will improve the …
EuroSibEnergo has a $200mln plan for hydropower stations refurbishment in Siberia
EuroSibEnergo unveiled a $200mln-worth modernization program of its Siberian hydropower plants on the Angara and Yenisei rivers that will boost annual power …
Andritz Hydro will work on three different hydroelectric projects in Southern America
COPEL (Companhia Paranaense de Energia), Brazil, ordered modernization of the 1,676MW hydroelectric plant of Governor Bento Munhoz da Rocha Netto, located on …
Iranian Oil Industry Producers Association signed a Memorandum of understanding with Saipem for oil exportations
Iran has reached a MoU with Italian Saipem for joint production and export of oil equipment from Iran, said the member of the board of directors of Iran’s …