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Iran Oil Chief Shakes Up Oil Firm in Bid to Strike Pre-election Deals

June 28, 2016

Oil minister Bijan Zanganeh has handed the running of Iran’s national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year’s presidential polls. Iran has pledged to open up its lucrative oil reserves, the world’s fourth largest, although hardline rivals of… Continue Reading »

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National Parks, low gas prices fuel summer travel

June 28, 2016

Low gas prices and interest in the National Park Service’s 100th birthday are fueling summer travel this year, according to an expert from BJ’s Wholesale Club, who shares tips on how travelers can save money when filling up for vacation. “Gas prices are significantly lower than last summer, making this a great year for driving… Continue Reading »

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Wärtsilä supplies 161 MW Flexicycle power plant to Saudi Arabia

June 28, 2016

Wärtsilä has signed a major contract to supply a 161 MW Flexicycle (combined cycle) power plant to Yamama Cement Company in Saudi Arabia. Wärtsilä will deliver a full EPC (Engineering, Procurement & Construction) project. In addition to the EPC contract, a 5-year operation and maintenance management agreement and a 10-year spare parts supply agreement have… Continue Reading »

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Brexit – What’s next for investors?

June 28, 2016

A nation voted. With a 72.2% turnout, 17.4 million (51.9%) votes were cast to leave the EU, compared with 16.1 million (48.1%) to remain, according to the Electoral Commission. It was unlikely that a decision of such scale would take place without significant ramifications and as it stands, Brexit has divided the nation. The economy… Continue Reading »

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Vos Prodect contracted for cable hang-off testing

June 27, 2016

Vos Prodect Innovations has recently been contracted by Siem Offshore Contractors GmbH, regarding testing and delivery of sealed cable hang-off systems for the 2 x 155kV HVAC cables between 2 offshore substations in German waters. With respect to the scope of work, Vos Prodect has performed an endurance test with the HVAC cable, clamped in… Continue Reading »

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Greater Enfield oil development approved

June 27, 2016

Woodside advises that with Joint Venture participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development. Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31 km… Continue Reading »

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Brexit: Adverse Impact for UK’s Oil, Gas Industry Unlikely

June 27, 2016

The people of the United Kingdom’s decision to leave the European Union is unlikely to have a major adverse impact on the country’s oil and gas industry, companies and organizations involved in the sector said. But they also called for clear leadership from the UK government on the way forward for the industry in order… Continue Reading »

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SapuraKencana Energy Sarawak Inc announces the signing of the SK310 upstream gas sales agreement for B15 gas field

June 27, 2016

SapuraKencana Energy Sarawak Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (“SKPB”) has signed the SK310 Upstream Gas Sales Agreement (“UGSA”) in relation to the production of gas from the B15 Gas Field on Thursday, 23 June 2016, between Petroliam Nasional Berhad (“PETRONAS”) as Gas Buyer and the SK310 Production Sharing Contract (“PSC”) Contractors… Continue Reading »

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