News

  • WPX Energy to Buy Felix Energy for US$2.5 billion

    Independent energy producer WPX Energy revealed Monday that it will purchase Felix Energy for US$2.5 billion.   The purchase price consists of US$900 million in cash, subject to closing adjustments, and US$1.6 billion in WPX stock issued to the seller.   The company said it…

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  • Boskalis to build four-kilometre offshore gas pipeline

    Dutch energy and dredging services provider Royal Boskalis Westminster NV has been awarded two offshore contracts with a combined value of approximately €85 million (US$94.8 million).   Boskalis said on the 17th December that it had won a deal for a four-kilometre-long gas pipeline, which…

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  • Petropars starts planning for Farzad gas project offshore Iran

    National Iranian Oil Company (NIOC) has contracted Petropars to perform the engineering, exploration and basic design for the Farzad B gas field development in the Persian Gulf.   Iranian Minister of Petroleum Bijan Zangeneh said NIOC had allocated US$75 million towards the programme with the…

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  • ORPIC wraps Sohar refinery turnaround, expansion

    Oman Oil Refineries & Petroleum Industries Company (ORPIC) has completed a major turnaround involving installation of a new reactor for an existing residue fluid catalytic cracking (RFCC) unit at the operator’s now 198,000-b/d Sohar refinery, about 230 km north-west of Muscat.   Subcontracted by India’s…

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  • Sinopec Completes Main Unit of the Middle East’s Largest Refinery

    China Petroleum & Chemical Corporation (“Sinopec” or the “Company”) has completed the central unit of the Al-Zour refinery project in Kuwait.   As the largest refinery in the Middle East, it will make Kuwait the biggest clean oil-producing country in the region with an annual…

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  • UK Offshore Round Generates Considerable Interest

    The UK’s latest offshore licensing round generated “considerable interest”, according to the UK’s Oil & Gas Authority (OGA).   The 32nd offshore licensing round attracted 104 applications covering 245 blocks or part-blocks across the main producing areas of the UK Continental Shelf (UKCS), the OGA…

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