Permian Basin is much larger than we thought
Last week the U.S. Geological Survey (USGS) announced the largest estimate of continuous oil that it has ever assessed, and the region is the Permian basin in …
News
Evonik will expand Darmstadt production plant
Evonik Resource Efficiency will invest in a capacity expansion of its Performance Foams business at its production site in Darmstadt, Germany. The investment …
Metso receives comprehensive valve order for new Kilpilahti Power Plant in Porvoo
Metso has signed an agreement on a comprehensive valve delivery for Kilpilahti Power Plant in Porvoo, Finland. Metso’s valves will be used in conjunction …
Valvitalia acquires Nuova Giungas
Valvitalia has signed the contract for the acquisition of 100% of Nuova Giungas, manufacturer of monolithic isolation joints intended for pipelines. Nuova …
Wood Group got a $40mln order from ExxonMobil Chemical
Wood Group has been awarded a $40 million contract by ExxonMobil Chemical to provide main automation contractor services, including detailed design and site …
GE Oil&Gas and Baker Hughes merged together
GE Oil&Gas division is merging with Baker Hughes Inc. on the low momentum for oil prices. The new company will be one of the largest players in its field, …
First oil for Petronas with PFLNG Satu at Kanowit field
Four months after its announcement, Petronas’ first floating liquefied natural gas facility, PFLNG Satu achieved its first gas milestone on 14 November 2016 …
Iran has become the main oil supplier in India
Irani aggressive expansion throughout the World has taken another step forward. According to Reuters, Iran used to be India’s second-biggest oil …
Technip announced a new vessel for subsea operations
Technip’s latest newbuild, the diving support vessel Deep Explorer, was officially named on Saturday November 12, in Norway. The traditional naming ceremony …
Aker Solutions and BP signed two framework contracts
Aker Solutions secured two five-year framework agreements for potential future deliveries of subsea production systems and lifecycle services at BP-operated …