Tipiel(1) S.A., Technip’s subsidiary in Colombia, was awarded by the Consorcio Constructor Ductos del Sur(2), a front-end engineering design and detailed engineering design contract, on a lumpsum basis. This covers the development of a new gas pipeline to transport gas from the Camisea field to Southern Peru. Launched by the [...]

Air Products (NYSE: APD) announced today that it has been awarded a contract by Saudi Aramco under a joint venture (JV) of Air Products and ACWA Holding to build, own and operate the world's largest industrial gas complex to supply 75,000 metric tons per day (20,000 oxygen and 55,000 nitrogen) [...]

Petróleo Brasileiro S.A. – Petrobras announces it has completed the formation test (evaluation of an oil deposit’s potential) on well 3-BRSA-1286-SES (ANP nomenclature), located in concession BM-SEAL-11, in ultra-deep waters of Sergipe-Alagoas Basin. Drilling activities have confirmed two light oil and gas bearing compartments: the upper one is 44 meters [...]

DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has been awarded the Riser Installation contract for the Kristin and Heidrun platforms by Statoil. The modification of these platforms is required in preparation of a possible tie-back from the near-by Maria-development in the Norwegian Sea that is operated by Wintershall. [...]

Saipem has entered into a Joint Venture with Dangote Group, one of Africa’s leading companies, to create a new company named Saipem Dangote E&C. Saipem Dangote E&C is a significant new player in the Nigerian and Central/West African market, with high technical and financial capabilities. It aims to secure complex [...]

Oceaneering International, Inc. (NYSE:OII) announced that, as part of a consortium with GE Oil & Gas, it has secured a contract with ENI Ghana Exploration and Production, Ltd. and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located off the [...]

Tullow Oil plc (Tullow) is pleased to announce the following update on its financing and banking arrangements. Tullow and its lending banks have: completed the six-monthly Reserve Based Lend (RBL) redetermination process; the quality of our asset portfolio supported a US$200 million increase in lenders commitments, increasing available debt capacity [...]

Exxon Mobil Corporation (NYSE:XOM) expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerson, chairman and chief executive officer, said today. “Our long-term capital allocation approach [...]

McDermott International, Inc. (NYSE: MDR) (“McDermott”) and Petrofac Limited (“Petrofac”), an international oil and gas facilities service provider, announced today they have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (“SURF”) projects. The five-year alliance expects to provide oil and gas companies a competitive, [...]

INPEX CORPORATION (INPEX) announced today that INPEX Browse E&P Pty Ltd (INPEX Browse), a subsidiary, was awarded exploration permits for Release Areas WA-513-P and WA-514-P (the Blocks). INPEX Browse will hold a 40% participating interest in the Blocks while Santos, the Operator, will hold a 60% participating interest. Location of [...]

ATCO Structures & Logistics Pty. Ltd has been awarded additional scope to design, manufacture and install 435 modular units under its current agreement with Bechtel on the Chevron-operated Wheatstone Project in Western Australia. The additional work is valued at an estimated AUD$130 million and will commence in March 2015 with [...]

Shell has partnered with PayPal with plans to be the first fuels retailer in the UK to offer a mobile payment solution at pumps nationwide. Mobile payment at Shell is scheduled to be available later this year through apps on Android and iOS store. Paying for your fuel is about [...]