Oil & gas news
Leighton Offshore awarded US$ 518 million contract for Crude Oil Export Facility Reconstruction project in Iraq
Leighton Offshore has been awarded a US$ 518 million contract which forms part of the Crude Oil Export Facility Reconstruction Project (the ‘Sea Line Project’), which is financed and supported through the Japanese Official Development Assistance (ODA) Loan by Japan International Cooperation Agency (JICA).
Ophir Energy to acquire Dominion Petroleum
Ophir Energy Plc has offered US$186.3 million to acquire Dominion Petroleum. The acquisitions will reinforce Ophir’s position in its East Africa play where it has already made three consecutive deepwater discoveries.
Dutch know-how for first US offshore wind test centre
A consortium of Ecofys, Fugro and Real NewEnergy has started developing the Poseidon Atlantic centre, the first North American offshore wind turbine test centre, off the eastern Atlantic shore of the US state of Virginia
Global floating production spend to see huge growth
Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report.
Peabody and ArcelorMittal receive clearance for Macarthur takeover
Peabody Energy and ArcelorMittal have announced that they have received clearance from the Chinese Ministry of Commerce to proceed with their AU$16/share offer for all outstanding shares of Macarthur Coal Ltd.
EIC Monitor shows positive signs of growth for the global energy industry
The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.
Aker Solutions to supply Pusnes offshore loading systems to 10 shuttle tankers
Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million.
BP receives government approval for Clair Ridge project
BP and its’ partners Shell, ConocoPhillips and Chevron have received government approval to proceed with the £45 billion Clair Ridge project.
Obama’s job council should not overlook oil and gas
The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.
Teekay and Marubeni acquire eight LNG carrier vessels
Teekay LNG Partners L.P. and its joint venture partner Marubeni Corporation have agreed to acquire ownership interests in eight LNG carriers from Denmark-based, A.P. Moller-Maersk A/S, for approximately US$ 1.4 billion.