Saipem has awarded Shawcor Ltd’s pipe coating division contracts to provide pipe coating services for the Liza phases I and II deep-water development projects offshore Guyana, Shawcor reported on the 5th October. According to Toronto-based Shawcor, the approximately C$110 million in contracts call for…
Equinor and its partners have issued a letter of award to NKT for an NOK1 billion-plus (US$121-million) EPCI contract for two HV subsea cables. These will supply power from shore for the second phase of the Johan Sverdrup development in the Norwegian North Sea….
Jack-up rig specialist Shelf Drilling has scored more drilling work with Eni in the Adriatic Sea offshore Italy. The Italian oil company has hired the Key Singapore jack-up rig and has extended the contract for the Key Manhattan rig. The contract for the Key…
Block Energy, the exploration and production company focused on the Republic of Georgia, has signed a Memorandum of Understanding (‘MoU’) with Bago, one of the largest private gas suppliers and purchasers in Georgia, for a proposed offtake agreement for gas produced at the company’s West…
Savannah Petroleum Plc, London, will assess the R3 section of its R3/R4 production sharing contract block in south-eastern Niger with pre-stack depth migration (PSDM) of 3D seismic data after logging its fifth oil discovery in the area Wireline logs, fluid samples, and pressure data…
UK sanctions post-Brexit The UK currently imposes sanctions via the powers contained in the European Communities Act 1972. This Act provides for the incorporation of all European Community law, and its Treaties, Regulations and Directives into UK law. This is, however, due to change…
The UK’s offshore oil and gas industry continued to see improvement across a range of health and safety indicators last year, according to a new report from industry body Oil & Gas UK. The report outlined that reportable incidents dropped by 67 percent in…
Saudi International Petrochemical Company has signed a non-binding agreement to acquire Sahara Petrochemical Company in an all-share deal valued at just over US$2 billion. Saudi International Petrochemical Company, or Sipchem, will issue each Sahara shareholder with 0.8356 new Sipchem shares, the companies said on…
US oil company Marathon Oil is reportedly looking to exit the UK North Sea business to focus on the US onshore. Marathon has hired Jefferies to sell its stakes in the Foinaven and Brae fields in the North Sea. Marathon could sell the…
In its continued efforts to provide the most advanced energy solutions to Bangladesh, GE Power has announced that it has been selected by Unique Group, to develop the 600 megawatt (MW) natural gas based combined cycle power plant at Meghnaghat, near Dhaka, Bangladesh. Unique…
