Qatar Petroleum has signed deals worth more than QAR70bn ($19.23bn) with three South Korean LNG shipbuilders to build liquefied natural gas carriers (LNG carriers). Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI) are the three Korean shipyards which will reserve a major portion of their LNG ship construction […]
Oppenheimer & Co. has reached an agreement to acquire San Francisco-based investment bank Brandis Tallman for an undisclosed price in a move to fast track growth of its public finance investment banking business. Brandis Tallman is engaged in providing bond underwriting and placement of municipal debt to public agencies in California. Since its induction in […]
Siemens Gamesa has been awarded a turbine contract from Ailes Marines, an affiliate of Iberdrola, for the 496MW Bay of Saint Brieuc offshore wind farm, to be built with an investment of €2.4 billion in the French waters of the English Channel. As per the contract, the Spanish wind turbine manufacturer will supply 62 SG […]
Jersey-based oilfield services provider Petrofac said that its Engineering & Production Services business (EPS) has been awarded a well management contract for phase 1 of Independent Oil and Gas’s (IOG) Core Project in the UK North Sea. Phase I of the Core Project involves the development of the Southwark, Blythe, and Elgood fields in the […]
Lundin Gold has initiated the first phase of restarting operations at its Fruta del Norte gold mine in Ecuador, which were suspended owing to the Covid-19 pandemic. The Canadian mining company said that it has shipped all of the concentrate and doré which were stored at the site since the suspension of operations in late […]
The Asian Development Bank (ADB) has sanctioned a $300 million loan to Indonesian state-owned company Geo Dipa Energi (GDE) for expanding its geothermal power generation capacity by 110MW in Java Island through the construction and commissioning of two geothermal power plants. Additionally, the Asian Development Bank will manage a $35 million loan from the Clean […]
The first wind turbine of Blauwwind Consortium’s 731.5MW Borssele III/IV offshore wind farm has been installed by MHI Vestas in the North Sea at a site 55 km off the coast of the Netherlands. The first of the 77 V164-9.5 MW wind turbines of the Dutch offshore wind farm was installed by MHI Vestas’s project […]
The Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given its approval to the offshore project proposal (OPP) for the Scarborough gas field development filed by Woodside Petroleum. The Scarborough field, which is contained in the Indian Ocean, offshore Western Australia, contains an estimated contingent resource (2C) dry gas volume of 11.1 […]
India’s Oil and Natural Gas Corporation (ONGC) has drawn its first gas from the KG-DWN-98/2 project, which has been developed with an investment of $5 billion in the offshore Krishna Godavari basin in India. The KG-DWN-98/2 block contains the deepwater Cluster 2 field located off the shore of the Godavari delta on the east coast […]
Sapakara West-1 discovery : Apache Corporation and Total have claimed to have made a significant oil discovery on Block 58 offshore Suriname following the drilling of the Sapakara West-1 well. Sapakara West-1 is the second oil discovery made in the offshore Surinam block with the first reported in January in the form of the Maka […]