Petrobras has awarded a $3.05 billion order to Sembcorp Marine Rigs & Floaters to build the P-82 floating production, storage, and offloading vessel (P-82 FPSO) that will be deployed in the Búzios field, offshore Brazil. Located in the Santos Basin pre-salt area, the Búzios field is approximately 180km off the coast of the capital city […]
Hermes gas discovery : Energean, a UK-based hydrocarbon exploration and production company, has made a gas discovery through the drilling of the Hermes exploration well, offshore Israel. The commercial gas discovery is estimated to contain between 7 and 15 billion cubic meters (bcm) of recoverable natural gas resources. Locate in block 31, offshore Israel, the […]
SolGold has signed an agreement with Cornerstone Capital Resources to gain 100% ownership in the Cascabel copper and gold project in Imbabura province, northwest Ecuador. Under the terms of the agreement, SolGold, which is an Australia-based copper and gold exploration company, will acquire all of the issued and outstanding shares of Cornerstone Capital Resources, other […]
Indian Hotels Company (IHCL) has opened the Sawai Man Mahal in Jaipur in the state of Rajasthan, taking its total number of hotels to eight in the capital city, with two under development. Inspired by the rich Rajputana heritage, the mahal consists of spacious 51 rooms, which open into private courtyards laced with greenery. It also […]
European integrated energy company OMV Petrom is set to invest a total of €70 million for the modernization of the Petrobrazi refinery in Romania. Petrobrazi refinery has already €25 million of the earmarked investment and has completed the transportation of four coke drums to upgrade the refinery, which has a total crude oil processing capacity […]
Lang Lebah gas project : French engineering company Technip Energies has been awarded a front-end engineering design (FEED) contract from PTTEP HK Offshore for the Lang Lebah Onshore Gas Plant 2 in Malaysia. Located in Bintulu, Sarawak, in Malaysia, the Lang Lebah gas project is one of the important projects of the Sarawak Integrated Sour […]
Satellite and terrestrial network operator Intelsat has launched Galaxy 33 and Galaxy 34 geosynchronous communications satellites to serve its media customers in the US. The satellite launches are part of the company’s Galaxy fleet refresh plan that was rolled out with Galaxy 30 in 2020. Manufactured by Northrop Grumman, the Galaxy 33 and Galaxy 34 […]
India’s largest power generating utility NTPC has signed a memorandum of understanding (MoU) with GE Gas Power to validate the feasibility of hydrogen (H2) co-firing blended with natural gas in GE’s 9E gas turbines. Aimed at decarbonizing power generation in India with advanced technology, the trial will be carried out at NTPC’s Kawas combined-cycle gas […]
Seacoast Banking Corporation of Florida has completed the $304 million acquisition of the parent companies of Apollo Bank and Drummond Community Bank. The transaction, which is effective from 7 October 2022, includes the acquisition of the banks’ respective parent companies Apollo Bancshares and Drummond Banking Company. Apollo Bancshares’ shareholders were given 1.006529 shares of Seacoast […]
French company Nexans has secured a final order to supply power export cables for the first phase of the 2.1GW Empire Wind offshore project in the US. The contract has been awarded by a joint venture of Equinor and BP. The Empire Wind project phase I lease area is located about 33km south of Long […]