Golar Power, an LNG integrated company, and Argentina-based green energy supplier Galileo Technologies have joined forces to introduce a new clean fuel source in Brazil by producing biomethane liquefied natural gas (Bio-LNG fuel). In this regard, the two parties have inked an agreement for providing LNG liquefaction solutions for supporting the development of the small-scale […]
McDermott International said that its subsidiary CB&I Storage Solutions has won a contract from a major EPC contractor for the engineering, procurement, fabrication, and construction (EPFC) of 14 oil storage tanks as part of the Trans Mountain Expansion Project in Burnaby, British Columbia. McDermott did not reveal the contract value but indicated them to be […]
Dominion Energy has agreed to offload almost all of its gas transmission and storage segment assets to Berkshire Hathaway Energy, an affiliate of Berkshire Hathaway, in a deal worth $9.7 billion, which includes the assumption of $5.7 billion of debt. The sale of the natural gas transmission and storage business is for establishing itself as […]
Dominion Energy and Duke Energy said that they have scrapped their $8 billion Atlantic Coast Pipeline project citing ongoing delays and increasing uncertainties in costs of the proposed 970km long natural gas pipeline project. According to the two US energy companies, the economic feasibility of the pipeline project has been threatened as a result. The […]
Dugong discovery : Neptune Energy and its partners have made a hydrocarbon discovery in PL 882 license offshore Norway following the drilling of the Dugong well in the North Sea. The company said that upon entering the reservoir, logs and cuttings identified hydrocarbons and a decision has been made by the partners to initiate coring. Neptune […]
Gazprom Neft and Zarubezhneft have agreed to set up a joint venture for exploration and production of hard-to-recover oil reserves in the Khanty-Mansi Autonomous Okrug—Yugra in West Siberia, Russia. In this connection, the two Russian state-owned energy companies have signed a binding agreement, which also calls for developing effective technologies to meet their objective. The […]
Subsea 7 has won a contract for work in the Gulf of Mexico pertaining to the engineering, procurement, construction, and the installation of subsea pipelines, and transport and installation works related to an undisclosed project. The UK-based offshore contractor said that the contract will be recorded in backlog in Q2 2020. Without revealing the exact […]
Maersk Drilling has won a contract for the Mærsk Developer semi-submersible rig worth around $20.4 million from PETRONAS Suriname Exploration & Production for drilling of an exploration well in Block 52 offshore Suriname. The Danish drilling rig operator anticipates the contract to begin in Q3/Q4 2020. The contract value covers integrated drilling services, mobilization, and […]
McDermott International said that it has wrapped up its restructuring process, emerging from Chapter 11 bankruptcy with $2.4 billion in letter of credit capacity and funded debt of $544 million. The energy industry services provider said that it had closed the sale of Lummus Technology to a joint partnership between Haldia Petrochemicals of The Chatterjee […]
Subsea 7 has won a contract from Aker BP pertaining to the Hod Field Development Project, located 12 km from the Valhall area in the southern North Sea. The contract is in the range of $50 million and $150 million, said the UK-based subsea engineering company. The re-development concept of the Hod Field includes a […]