Ryazan oil refinery : Maire Tecnimont bags €1.1bn contract for VGO hydrocracking complex

Ryazan oil refinery : Maire Tecnimont bags €1.1bn contract for VGO hydrocracking complex

Maire Tecnimont has bagged an engineering, procurement, and construction (EPC) contract worth around €1.1 billion from Rosneft for a hydrocracking complex at the Ryazan oil refinery in Russia. The Italian engineering company said that the contract for the vacuum gas oil (VGO) hydrocracking complex was signed by its subsidiaries Tecnimont and MT Russia. Vacuum gas […]

North Komsomolskoye project : Equinor, Rosneft sanction stage 1 of Russian oil and gas field development

North Komsomolskoye project : Equinor, Rosneft sanction stage 1 of Russian oil and gas field development

Equinor and Rosneft have sanctioned the first stage of the North Komsomolskoye project, which involves the development of the conventional onshore oil and gas field in Western Siberia in Russia. The first stage of the Russian oil and gas project will see the partner aim to unlock a total estimated recoverable volumes of 250 million […]

Mubadala Petroleum joins Shorouk Block in Egypt through $930m deal with Eni

Mubadala Petroleum joins Shorouk Block in Egypt through $930m deal with Eni

Energy acquisition news : Abu Dhabi-based Mubadala Petroleum has forayed into the Shorouk Block, an Egyptian offshore concession in the Mediterranean Sea by completing its acquisition of a stake of 10% for $930 million from Italian energy giant Eni. Through the deal, the Abu Dhabi state-owned Mubadala Investment Company subsidiary, will take part in the […]