Sempra Energy and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA). The HOA anticipates the negotiation and finalization of a definitive 20-year liquefied natural gas (LNG) sale-and-purchase agreement (SPA) for five million tons per annum (Mtpa) of LNG offtake...
Gazprom Neft has begun drilling wells at one of Russia’s largest oil and gas condensate fields — the Chayandinskoye, with proactive pilot development scheduled to start in Q4 2019. Gazprom Neft is developing the Chayandinskoye oil-rim deposit under an operatorship agreement with Gazprom Dobycha Noyabrsk LLC. A production well built...
The project company ICGB successfully completed the public procurement for design, procurement and construction (EPC) of the Greece-Bulgaria gas interconnector tender. Initial interest in the restricted procedure was expressed by 11 Bulgarian and foreign companies and consortia. The participant that best covers ICGB’s technical and financial requirements is J&P...
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...
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...
Companies proposing new U.S. liquefied natural gas export projects, including one in Alaska’s Arctic, are optimistic that the agreement between the United States and China temporarily halting the imposition of higher tariffs could help advance their projects. U.S. President Donald Trump and Chinese President Xi Jinping have agreed to a...
Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe from its Canadian owner. The deal will create the UK's largest independent supplier of well integrity services, with operations in Aberdeen and Great Yarmouth in the UK, and in Esbjerg in Denmark. Simmons Edeco Europe is...
Polish LNG terminal operator Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under the LNG Terminal Expansion Program. The environmental permits are final, while the decisions issued by the Governor of West Pomerania are immediately enforceable (which stems directly from the provisions of...
By Pat Davis Szymczak Turkey plans to drill offshore Cyprus in an area that the island claims as its exclusive economic zone. The U.S. and the EU are upset. “This step is highly provocative and risks raising tensions in the region,” a U.S. State Department spokesperson told Reuters. “We urge...
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...