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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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GE, Saudi Aramco to Invest in Forging, Casting Facility

June 5, 2016

GE Oil & Gas has signed an agreement with Saudi Aramco and Italy’s Cividale SpA to construct the Middle East and North Africa’s first-of-its-kind, high-end forging and casting manufacturing facility to serve the region’s energy and maritime industries. The companies will invest more than $400 million in the facility, which will be sited at Ras… Continue Reading »

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Minesto orders bottom joint system for Deep Green

May 8, 2016

Minesto has entered into a supplier agreement with Subsea Riser Products (SRP), within which Minesto has ordered a modified version of SRP’s product Rocksteady for Minesto’s tidal energy power plant Deep Green. Delivery is scheduled for the first quarter of 2017. SRP is an established player in the offshore industry with long experience of producing… Continue Reading »

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Cambodia Terminates Petroleum Agreement for CPHL-Held Offshore Block D

April 29, 2016

irach Energy Ltd. referred Thursday to its annual report dated April 1, and full year results announcements dated Feb. 29 and March 23; as well as the announcement dated Aug. 6, 2015 in relation to Cambodia Offshore Block D (Block D), held by our associate company CPHL (Cambodia) Co. Ltd. (CPHLC). We had subsequent to… Continue Reading »

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Africa-1 Subsea Cable Announced

April 20, 2016

MTN Group, PCCW Global, Saudi Telecom Company (STC), Telecom Egypt (TE) and Telkom South Africa have signed a Memorandum of Understanding (MoU) for the construction of the new ‘Africa-1’ submarine cable system. This consortium-funded system will connect Africa with the Middle East and South Central Asia and provide onward connectivity to Europe. Africa-1 will have at… Continue Reading »

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Prysmian Sells Stake in China JV

April 20, 2016

Italian cable specialist Prysmian has inked a deal to sell 67 per cent of the equity in Prysmian Baosheng Cable Company. The Prysmian Baosheng Cable Company was established in 1999 as a joint venture with Jiangsu Baosheng Group. According to Prysmian, its JV partner, Baosheng Group will acquired the stake for a total consideration of 300… Continue Reading »

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Aker Solutions Grabs Petrobras Prize

April 19, 2016

Aker Solutions has secured an agreement to provide maintenance and other services for subsea facilities at Petrobras-operated oil and gas fields offshore Brazil. The contract is for a fixed term of three years valued at BRL 435 million net of taxes (NOK 1 billion) and may be extended by another three years. It covers maintenance,… Continue Reading »

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GE, SapuraKencana in Asia Pacific Well Intervention Alliance

April 17, 2016

GE Oil & Gas and SapuraKencana Well Services have signed a memorandum of understanding (MoU) announcing an Asia Pacific wide agreement to deliver cost effective light well intervention services. The alliance should enable oil and gas operators to bring wells into production, deliver life-of field intervention services, as well as to suspend and abandon these wells later… Continue Reading »

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Woodside to Supply LNG to Pertamina for 15-20 Years

April 14, 2016

Australia’s Woodside Petroleum Ltd. reported Wednesday that its unit Woodside Energy Trading Singapore Pte Ltd. has signed a Heads of Agreement (HOA) with Indonesia’s national oil company PT Pertamina (Persero) to supply approximately 0.5 to 1.0 million tons of liquefied natural gas (LNG) a year from the firm’s LNG portfolio for a period of 15… Continue Reading »

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WorleyParsons Nets EPCm Contract for BP’s Caspian Assets

April 14, 2016

WorleyParsons has been awarded a five year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey. Under the agreement, WorleyParsons will provide EPCm services primarily to BP-operated Sangachal Terminal and pipeline systems in Azerbaijan, Georgia and Turkey. The Sangachal terminal receives, processes, stores and exports crude oil and gas… Continue Reading »

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