HOUSTON – BP has contracted FMC Technologies (NYSE: FTI) to supply subsea production systems for the Shah Deniz Stage 2 project, 100 km (62 mi) south of Baku in the Azeri sector of the Caspian Sea. The equipment will serve Well Clusters 3-5. The $297-million order is in addition to FMC’s [...]

Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was awarded the second phase of InoChem’s project management consultancy (PMC) services contract to undertake, among other important activities, the development of its soda ash and calcium chloride manufacturing complex in Yanbu Industrial City, Saudi Arabia. Under the terms of the agreement, [...]

Australia might be receiving plenty of praise as it builds towards becoming a leading global exporter of liquefied natural gas (LNG) but there are still fears the country won’t be able to make the most of this opportunity. According to Chevron Australia Pty Ltd.’s Managing Director Roy Krzywosinski, service providers [...]

UOP LLC, a Honeywell International Inc. HON, -1.20% company, announced today that its process technology, catalysts and proprietary equipment will form the basis for the largest refinery in Africa, reducing Nigeria's dependence on imported fuels and petrochemicals. Dangote Oil Refining Company selected UOP technology for a world-scale integrated refinery and [...]

Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has completed an agreement with BP, whereby BP will carry Dana Gas for the drilling of a first exploration well in the El Matariya onshore Concession Area, Nile Delta in Egypt, which [...]

Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, today announced their call to governments around the world and to the United Nations Framework Convention on Climate Change (UNFCCC) to introduce carbon pricing systems and create clear, stable, [...]

Junior energy company Eni has discovered gas and condensates offshore Libya, in the Bouri North exploration prospect in Area D. The discovery was made through the A1-1/1 well, which was drilled at a water depth of 410 feet and flowed 1,340 barrels of oil equivalent per day when constrained by [...]

According to a new market research report, "Oil and Gas Data Management Market by Type (Information technology infrastructure, Data organization, and Service), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Global Forecast to 2020", published by MarketsandMarkets, The market is expected to grow [...]

Addressing wellhead fatigue issues and proving sufficient margin for drilling operations has been a growing challenge for the oil and gas industry over the last decade. Wellhead fatigue can have significant technical, financial and safety implications for the system. In close cooperation with industry partners, DNV GL is addressing this [...]

Eni started production of the Kizomba Satellites Phase 2 project in the Block 15, offshore Angola, ahead of schedule. The project Kizomba Satellite Block 15  is a subsea development of the Kakocha, Bavuca and Mondo South fields.  Mondo South is the first field to begin production, and the other two [...]

Royal Dutch Shell’s first quarter 2015 earnings, on a current cost of supplies (CCS) basis, were $4.8 billion compared with $4.5 billion for the first quarter 2014. First quarter 2015 CCS earnings excluding identified items (see page 4) were $3.2 billion compared with $7.3 billion for the first quarter 2014, [...]

Synergi Plant version 5.2, the latest DNV GL plant integrity software solution, has now been released. It includes a brand new user interface and several new modules including a flexible and powerful KPI and graphics dashboard. Transparency of asset integrity “The industry is looking for transparency of asset integrity conditions. [...]