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 …
Updates
Metso announces new distributor model for Italy
Metso has decided to change its distribution model for Italy. As of January 1, 2017, there will be three exclusive distributors covering the whole of Italy. …
API reported probable end of downturn in o&g drilling activity
API announced today that estimated total wells drilled and completed in the fourth quarter of 2016 decreased 8.8 percent compared to the third quarter of 2016. …
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 …
OneSubsea awarded an EPC contract with Statoil in North Sea
Statoil has awarded OneSubsea an EPC contract to supply the subsea production system for the Utgard gas/condensate field in the North Sea. The scope includes a …
Clarke Industrial Engineering announces agreement with Curtiss-Wright Corporation
Clarke Industrial Engineering (Clarke) announced it has entered into a licensing agreement with Curtiss-Wright Corporation (Curtiss-Wright), whereby Clarke’s …
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 …