KBR awarded FEED for FPSO offshore Angola
The feed contract for an oil and gas FPSO facility offshore Angola has been awarded to KBR.
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The feed contract for an oil and gas FPSO facility offshore Angola has been awarded to KBR.
We need the oceans now more than ever as they cover 72% of the Earth's surface and control our climate by absorbing CO2 but have explored remarkably little of them.
Osaka Gas and Chubu Electric have acquired liquefaction rights to Train 1 of the Freeport LNG facility, the agreement clears the way for them to export LNG from the US mainland.
BP has been ordered by a Russian court to pay US$ 3.1 billion in damages to TNK-BP.
Air Products has announced plans to expand its LNG heat exchanger manufacturing capacity at a new facility in Florida.
Asia is expected to lead the way with FLNG developments adding flexibility to offshore drilling programmes.
An international tribunal has ordered the Russian government to compensate a group of Spanish investors for the losses they suffered when Russia seized the Yukos Oil Company, one of the largest oil and gas companies in the world.
Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy.
Technip has reported a 1.3% rise in net profits for Q2 and lower oil prices have yet to take their toll on the company’s outlook for the rest of the year.
Libya’s Deputy Oil Minister, Omar Shakmak has said that he expects the country’s oil production to return to its pre-war levels by October.
Tullow has posted a boosted net profit for the first half of 2012 as a result of a farm-down of the company’s Ugandan assets.
According to the head of a local oil company, European firms will take part in the latest block auction, but companies from the US may wait until further reforms have been made.