The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field. Originally planned to be shut down in 2014, the productive life of Norne has already been extended to 2036, which will generate substantial...
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...
The developers of a C$40-billion ($31-billion) project to export Canadian natural gas are taking on a bold strategy: build now and worry about buyers later. After a decade of planning and negotiations, Royal Dutch Shell and four partners have given their final investment decision (FID) to build the gas-liquefaction and...
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...