Subsea 7 and BP signed a massive IRM agreement
Subsea 7 S.A. today announced it has secured a $50-to-$100mln-worth extension to the existing contract by BP Exploration Operating Company Limited, for the …
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Saint-Gobain is opening a new large-diameter-seal facility in Belgium
Saint-Gobain Seals has opened a new large diameter seal production facility at its Kontich, Belgium site in order to further improve quality and reduce …
Another oilfield discovery by Eni in Egypt
Eni successfully drilled the “Nidoco North 1X” well, in the exploration prospect of “Nooros East”, located in the Abu Madi West …
A massive grassroots gas cracker is going to be built in China
Technip announced today that it has entered into a contract to supply its proprietary ethylene technology, Process Design Package, technical services and …
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 …
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 …
Irani oil exports increased by 400kbpd after one month since sanctions removal
Iran has increased oil exports by 400,000 barrels per day at the first month following the removal of international sanctions against Tehran, Mohsen Ghamsari, …
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, …