Russia's Lukoil and Hungarian energy company MOL will sign a settlement over dirty oil that left high levels of organic chloride in the Druzhba pipeline. “We are proud to say that we are the first country which managed to close the negotiations in this respect,” Hungary’s Foreign Minister Peter Szijjarto...
MacGregor, part of Cargotec, has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater Floating Production Unit (FPU) located on the China Sea Lingshui 17-2 gas field. The order is booked into Cargotec’s third quarter of 2019 order...
Czech Metrans Rail will operate a weekly China-Slovakia freight train crossing Ukraine in November, cutting 520 km off the usual Belarus-Poland route. In late September, Metrans Rail, a private Czech company, ran a 44-container train from Xi'an, China to Danube-Streda, Slovakia. The experiment proved the efficiency and cost savings of...
Saudi Aramco and ACWA Power signed a memorandum of understanding (MOU) with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at the recent signing ceremony. The Bangladesh...
The SPE Russian Petroleum Technology Conference attracted more than 670 delegates to Moscow from leading international and regional operating and service companies, research institutes and universities. International delegates hailed from the Middle East, Africa, Asia and the Americas. Since its launch in 2006, the SPE Russian Petroleum Technology Conference has...
Rosgeo plans to run airbourne geophysical surveys in Equatorial Guinea. Joint Stock Company Rosgeo and the Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea signed a Memorandum of Understanding during the Russia-Africa Summit in Sochi on October 23. In accordance with the signed document, the parties...
Analysis contributed by the African Energy Chamber Deal-making will shape the future of Russia-Africa relations and will tell whether Russia’s renewed influence in the continent is good or bad for its people. Russia’s return to Africa has been the subject of wide media coverage, governmental concerns and civil society reactions in...
The government of Uganda through the Ministry of Energy and Mineral Development Uganda plans tenders on new blocks in the country’s second licensing round, according to Petroleum Africa magazine. The round includes five blocks in the Albertine Graben. These blocks are the Avivi, the Omuka, Kasuruban, Turaco, and...
BRIC bank loans of $300 million will target Russian renewable energy projects in the Far East. The loans will finance projects in wind, solar, and small hydropower energy generation technologies. Russia is increasingly targeting its Far Eastern regions as it intensifies its strategic policy goals in Asia. Owned...
Sulzer GTC Technology has signed an agreement with JSC SIBUR-Neftehim (SIBUR) to provide its licensed pyrolysis gasoline (pygas) processing technologies. This includes design of the fractionation, first and second stage hydrotreating, aromatics extraction and thermal hydrodealkylation technologies. The system is intended to modernize gasoline production at SIBUR’s Kstovo olefins...