A consortium of Indian companies led by OVL India (ONGC Videsh) is to acquire a 49 per cent stake in Russia's Rosneft Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at...
Evac, a global provider of integrated water and waste management systems, has acquired Transvac Systems a UK business specialized in distributing and servicing wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms. The acquisition builds on Evac's expansion strategy which in May 2018 saw...
Wärtsilä LNG propulsion and storeage systems will power four new next-generation short-sea cargo vessels under construction at the WuHu Shipyard in China. Wijnne & Barends Chartering based in the Netherlands, an affiliate of the Dutch Spliethoff Group ordered the vessels and placed the contract with Wärtsilä in December. The ships will...
LNG Canada has selected the joint venture between JGC Corporation (JGC) and Fluor Corporation (Fluor) as its Engineering, Procurement and Construction (EPC) Contractor, based on the consortium’s value proposition including health, safety, First Nations and stakeholder management, financial strength, technical design, execution plans, contract price and schedule. The contract award...
The technology group Wärtsilä was awarded a 38 MW power plant project by the EPC company Groupement TEC-IEE in Equatorial Guinea. The project is sponsored by the Ministry of Hydrocarbons with the intention to boost the development of local industry. The order was booked in Q3 2018.  Wärtsilä Corporation...
KBR wins Freeport LNG Development's bid round for the engineering, procurement, construction, and commissioning (EPC) contract for Train 4 at Freeport LNG’s export facility near Freeport, Texas. “We are excited to be selected for this significant project, and to continue to grow our leadership position in gas monetization,” said Stuart...
Esso Australia Pty Ltd has awarded an integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance. The award is the first integrated subsea project for Subsea Integration Alliance in Australia combining OneSubsea and Subsea 7 expertise in subsea production systems (SPS) and subsea umbilical, riser...
Iraq is likely to sign a $53 billion, 30-year energy deal with Exxon Mobil Corp and PetroChina to develop southern fields, said Prime Minister Adel Abdul Mahdi, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran. Iraq expects to make $400 billion over...
Russia, EU and Ukraine are taking a break in talks over renewing their 10-year-old gas transit contract which expires Jan. 1, 2020. Noting that “time is flying,” European Commission vice president Maroš Šefčovič, says he was “disappointed” by Monday’s Russia-EU-Ukraine talks on renewing the 10-year-old gas transit contract that expires...