Burckhardt Compression expands in China
Burckhardt Compression signed the agreement to acquire a 60% stake in Shenyang Yuanda Compressor Co., Ltd., the leading reciprocating compressor manufacturer …
News
Two new contracts for Wood Group in the North Sea
Wood Group has recently announced, in two separate statements, the sign of two distinct contracts in the North Sea. The first one, worth $150mln, is a five …
Technip awarded a contract with S-Oil
Technip was awarded a contract by Daelim Industrial Company, a project contractor, to provide proprietary equipment for the world’s first commercial High …
Siemens on its way to develop 500MW of energy distribution in Indonesia
In connection with Indonesian President Joko Widodo’s visit to Germany, Siemens has signed today two Memorandums of Understanding (MoU) with the state …
Statoil presented a new subsea drilling concept
During the last decade subsea costs have increased significantly and the industry needs to move from tailor-made solutions to more industry standards. At the …
Eni is going to invest €20bln in Africa in the next four years
Italy’s Eni plans to invest about 20 billion euros ($22.5 billion) in Africa over the next fours, mostly in oil and gas, the company’s Chief …
A 969MW hydropower plant will be built in Pakistan
The Pakistani government has guaranteed US$955 million in Islamic bonds to help pay for the country’s 969-MW Neelum Jhelum hydroelectric project. The …
Exxon started oil production from Julia field
Oil production has started under budget and ahead of schedule at the Julia oil field in the Gulf of Mexico, Exxon Mobil Corporation said today. The first …
KSPG secured a €85mln valve-and-actuator order
A Chinese OEM has awarded Pierburg, a subsidiary of the KSPG Group which, in turn, is a member of the Rheinmetall Group, an order with a lifetime value of …
Rotork will supply its actuators to Vasiliko oil terminal
Rotork has been selected as actuators supplier for the VTTI Vasiliko oil terminal in Cyprus. Approximately 400 Rotork IQ3 actuators controlled by Rotork’s …