Snam: € 135 million EIB financing signed
Snam has signed a € 135 million financing with the European Investment Bank (EIB) for various projects aimed at replacing and modernizing some pipelines and …
Updates
DNV to oversee bolt fatigue testing program focused on subsea systems
DNV has received a contract from the American Petroleum Institute (API) to execute a program that will provide new insight on large-diameter bolt fatigue, …
Eni, OMV to pay $5.8 billion for Abu Dhabi Refining stakes
Eni and Austrian oil and gas producer OMV agreed to pay about $5.8 billion for a combined 35 percent stake in the Abu Dhabi state oil company’s refining …
World’s second largest natural gas plant gains anticorrosion coatings supplier
The Chinese licensee for the U.S.-based anticorrosion metal coatings manufacturer Greenkote PLC (Brook Park, Ohio, USA) won a contract to supply 1,200 tons …
Flowserve announces the appointment of Tauseef Salma as Marketing & Technology Vice President
Flowserve announced that Dr. Tauseef Salma will join Flowserve as Vice President, Marketing & Technology, beginning Monday, February 11. Dr. Salma will …
Wind Point Partners acquires and combines Clock Spring and Neptune Research
Wind Point Partners, a leading Chicago-based private equity firm, announced today it has entered into definitive agreements to simultaneously acquire and merge …
Tenaris completes Saudi Steel Pipe stake acquisition
Tenaris, manufacturer of steep pipes, said it closed the acquisition of significant stake in Saudi Steel Pipe Company (SSP) from a private group for 529.8 …
Greater investment expected to fuel oil and gas industry growth in 2019
New research has revealed that companies’ resilience to volatile market conditions will be put to the test in 2019, as business leaders expect the industry …
Lukoil upgrades green power plant in Krasnodar
Lukoil continues to develop its potential in the generation of renewable energy. The company has commissioned a 24-megawatt hydroelectric power-generation unit …
Saipem: awarded two new offshore contracts from Saudi Aramco for a total of approximately 1.3 bn USD
Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of …