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 …
End-User Industries
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 …
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 …
Statoil says mistakes, lack of maintenance led to Troll, Mongstad accidents
Operational mistakes and a lack of maintenance led to two near-fatal accidents at Norway’s Troll field and at the Mongstad refinery, operator Statoil …
Emerson strengthens local manufacturing and services with a new facility in Dammam, Saudi Arabia
Emerson Automation Solutions has opened a new manufacturing facility in Dammam First Industrial City in Saudi Arabia to expand its local manufacturing, project …
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 …
A giant is born as FMC and Technip combine
Texas and France came together Tuesday as FMC Technologies of Houston and Technip of Paris completed their merger, creating the world’s largest offshore …
Petrofac awarded Oman gas project
Petrofac has signed a contract worth close to US$600 million with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development …
GE Oil & Gas announces Transocean performance-based service agreement
GE Oil & Gas announced a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean. The agreement, signed at the end …