A Barrel Fulll Archive

01/02/2019 Total has started up production on December 29, 2018 from the Egina field , located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production. The Floating Production Storage and Offloading (FPSO) unit used to develop the giant Egina field is the largest one Total has ever built. This project has also involved a record level of local contractors. Six of the eighteen modules on the FPSO were built and integrated locally, and 77% of hours spent on the project were worked locally. Startup has been achieved close to 10% below the initial budget, which represents more than 1 billion dollars of CAPEX savings, due in particular to excellent drilling performance where the drilling time per well has been reduced by 30%. “Total is proud to deliver a project of this size under the initial budget and to contribute to the development of Niger...

Jan. 14, 2020  Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce the closing of the acquisition (the "Acquisition") of a 50% ownership interest in Petrobras Oil and Gas B.V. ("POGBV"). BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The total cash payment by AOI to close the Acquisition, including the Nigerian Government's consent fee, amounts to $519.5 million. This includes a deferred payment of $24.8 million which is due by end of June 2020.  The primary assets of POGBV are an indirect 8% interest in Oil Mining Lease ("OML") 127 and an indirect 16% interest in OML 130. OML 127 is operated by affiliates of Chevron Corporation ("Chevron") and contains the producing Agbami Field . OML 130 is operated by affiliates of TOTAL S.A. ("TOTAL") and contains the producing Akpo and Egina Fields. Aggregate gross field production from these assets averaged ...

06 January 2022 Contract extension for Abo FPSO BW Offshore has signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2022.

2018.02.08 Samsung Engineering Co., Ltd announced today that it has received a letter of award (LOA) to build a Crude Flexibility Project (CFP) on behalf of ADNOC Refining in the United Arab Emirates. At a value of $ 3.1 billion, it is the ninth award in total Samsung Engineering received from ADNOC (Abu Dhabi National Oil Company), the national oil company of UAE and the parent company of ADNOC Refining. Samsung Engineering secured the contract in partnership with CB & I Nederland B.V. as joint venture partner. Samsung’s contract amount is $ 2.6 billion. This project will be built at the Ruwais Industrial Complex (the largest industrial complex in the UAE). It will construct a new Atmospheric Residue De-Sulfurization (ARDS) facility, with an annual capacity of 177,000 barrels per day. The estimated completion schedule will see project delivery end of 2022. Samsung Engineering has previously delivered six projects in the Ruwais complex, two of which are directly linked to CFP. The...

04 Apr 2018 Spirit Energy is partner in what could be a significant gas/condensate discovery in the Hades/Iris prospects in the Norwegian Sea. The exploration well 6506/11-10 licence PL 644 B targeted two formations. The well's primary and secondary exploration targets were to prove petroleum in the Lower Cretaceous (Lange formation) and Middle Jurassic (Garn formation), respectively. In the primary exploration target (Hades), the well encountered a gas/condensate column totalling about 35 metres in the Lange formation. 15 metres of this constitutes the reservoir, which consists of sandstone with moderate to good reservoir properties. The gas/water contact was not encountered. Preliminary estimates indicate that the size of the discovery in the Lange formation is between 19 and 113 mmboe. In the secondary exploration target (Iris), the well encountered a gas/condensate column totalling about 95 metres in the Garn formation. 85 metres of this constitutes the reservoir, which consis...

December 21, 2022 OMV (Norge) AS has on behalf of the PL644 partnership submitted the Plan for Development and Operation (PDO) for the Berling gas and condensate discovery to the Norwegian Ministry of Petroleum and Energy. The recommended development concept for the Berling field is a 4-slot subsea production template tied back via a 24-kilometer pipeline to the Equinor-operated Åsgard B platform. The rich gas will be processed on Åsgard B and transported via the Åsgard Transport System for further processing at Kårstø gas processing plant. The condensate will be transferred to Åsgard and co-mingled with other Åsgard production for storage and export by shuttle tankers to the market. The development cost is estimated at NOK 9.1 billion (2022-NOK). Total Norwegian content of the development cost excluding drilling is estimated at 71% and 60% for drilling. Norwegian content of operating cost is estimated at 80%. The employment effect in the development and operation phase is around 420...

02/18/2019 McDermott International, Inc. (NYSE: MDR) today announced two sizeable* contracts, one from Sarawak Shell Berhad (SSB) and one from Sapura Exploration and Production (SEP), to provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia. McDermott's scope of work for SSB includes the transportation and installation of jackets, topsides and pipelines for the Gorek gas field. The company's scope of work for SEP includes the transportation and installation of jackets, topsides and pipelines for the Larak and Bakong gas fields . McDermott will also fabricate risers and spools for SSB and SEP. "These two contracts give McDermott the opportunity to strengthen our long-standing relationship with Sarawak Shell Berhad and develop a new relationship with Sapura Exploration and Production," said Ian Prescott, McDermott's Senior Vice President f...

September 3, 2020 SapuraOMV Upstream announces stable production from its operated Bakong gas field project under the SK408 Production Sharing Contract (PSC) , which was delivered within budget. The production phase started in June 2020. This follows the successful production from SapuraOMV‘s Larak gas field which started in December 2019 and the start-up of the Shell-operated Gorek field in May 2020. With this first production from Bakong field, Phase 1 of the SK408 development is now entirely on stream. The SK408 gas fields are part of the discoveries made by SapuraOMV Upstream in a drilling campaign in 2014. The Phase 1 development of SK408 Production Sharing Contract (PSC) aims to commercialize the gas reserves from Gorek, Larak and Bakong fields, which will help meet the growing gas demand in Asia. Under a long-term agreement with PETRONAS, SapuraOMV and its SK408 partners, Sarawak Shell Berhad and PETRONAS Carigali Sdn. Bhd. will supply gas from these fields to the PETRONAS LNG c...

December 10, 2020 The U.S. International Development Finance Corporation (DFC) has approved investments this quarter totaling more than $2.1 billion to advance development in emerging markets in Africa, Eastern Europe, Indo-Pacific, Latin America, and the Middle East. DFC’s Board of Directors has approved $1.6 billion in investments across six projects. An additional 16 investments totaling $587 million were approved by the agency since its Board meeting in September. “The financing approved by DFC will be critical in facilitating private sector investment to increase economic growth in developing countries, especially in continuing to respond to the economic and health impacts from the pandemic,” said U.S. International Development Finance Corporation Chief Executive Officer Adam Boehler. “These important investments will strengthen small businesses, support female entrepreneurs, expand telecommunications and increase development in emerging markets.” Today’s Board meeting included th...

17th May 2009 Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, and Crescent Petroleum, the Region’s oldest private exploration and production company, are pleased to announce strategic partnership agreements with OMV, Austria’s largest listed industrial company and a leading Central European integrated oil and gas group, and MOL Hungarian Oil and Gas Company, Hungary’s largest listed company and also a leading Central European integrated oil and gas group, which is set to transform the prospects for Iraq’s gas industry to become a major and secure gas supplier to local, regional and European markets. Signed at the Companies’ head offices in Sharjah, UAE, by and between Badr Jafar, Executive Director of Crescent Petroleum, Rashid Jarwan, Executive Director of Dana Gas, Helmut Langanger, OMV Executive Board member responsible for Exploration and Production and Zoltan Aldott, Executive Vice President of MOL, the groundbreaking partnership is ...

26th April 2021 Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company in the Middle East, have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet per day of much-needed additional gas production to supply the local power stations. The project construction work had been put on hold due to the COVID pandemic but is now on track for a new target start date of April 2023, after agreement to lift the force majeure with both the Kurdistan Regional Government (KRG) and the contractor. Under a Gas Sales agreement signed in March 2019 with the KRG Ministry of Natural Resources, Pearl Petroleum will sell the additional quantities of gas to supply the pow...

07/27/2018 Total has started up production of Kaombo , currently the biggest deep offshore development in Angola, located on Block 32, 260 kilometers off the coast of Luanda. Kaombo Norte, the first Floating Production Storage and Offloading (FPSO) unit , has been successfully brought on stream and will produce an estimated 115,000 barrels of oil per day, while the second one, Kaombo Sul, is expected to start up next year. The overall production will reach an estimated 230,000 barrels of oil per day at peak and the associated gas will be exported to the Angola LNG plant. A total of 59 wells will be connected to the two FPSOs, both of which are converted Very Large Crude Carriers, through one of the world’s largest subsea networks. Together, they will develop the resources of six different fields (Gengibre, Gindungo, Caril, Canela, Mostarda and Louro) over an area of 800 square kilometers in the central and southern part of the block. “The Kaombo start up is a great milestone for Tota...

April 2, 2019 Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project , located on Block 32, 260 kilometers off the coast of Luanda, in water depths ranging from 1,400 to 2,000 meters. Eight months after its sister ship, Kaombo Norte, came on stream, Kaombo Sul will add 115,000 barrels of oil per day (bopd) and bring the overall production capacity to 230,000 bopd, equivalent to 15% of the country’s production. The associated gas from Kaombo Sul will be exported to the Angola LNG plant, as part of the Group’s commitment to stop routine flaring. “Leveraging the experience of Kaombo Norte, Kaombo Sul started up in the best possible conditions. This second FPSO stands out as an excellent example of standardization to reduce costs and improve efficiency. Its start-up will contribute to the Group’s cash flow and production growth in 2019 and beyond,” stated Arnaud Breuillac, President Exploration & Productio...

Sep. 23, 2019 Kosmos Energy (NYSE/LSE: KOS) announced today that the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100 percent success rate of wells targeting the inboard Mauritania/Senegal gas trend. Yakaar-2 was drilled approximately nine kilometers from Yakaar-1 and proved up the southern extension of the field. The results of the Yakaar-2 well underpin our view that the Yakaar-Teranga resource base is world-scale and has the potential to support an LNG project that provides significant volumes of natural gas to both domestic and export markets. Development of Yakaar-Teranga is expected in a phased approach with Phase 1 providing domestic gas and data to optimize the development of future phases. It will also support the country’s “Plan Emergent Senegal” launched by the President of Senegal in 2014. Commenting on the results of the Yakaar-2 well, Chairman a...

8 May 2017 BP along with joint venture partner Kosmos Energy announced today a major gas discovery offshore Senegal. The Yakaar-1 exploration well was drilled to a total depth of approximately 4,700 meters in nearly 2,550 metres of water in the Cayar Offshore Profond block by the Atwood Achiever drillship. Bernard Looney, BP Upsteam chief executive officer, commented “Yakaar-1 follows the earlier exploration success that led to the Tortue discovery and further confirms our belief that offshore Senegal and Mauritania is a world-class hydrocarbon basin. This discovery marks an important further step in building BP’s new business in Mauritania and Senegal. We look forward to results from the additional exploration wells planned for 2017.” The Yakaar discovery, coupled with the Teranga discovery, creates the foundation for a further LNG hub in the basin. BP and Kosmos will be drill stem testing the Tortue discovery in mid-2017 and will now drill 3 additional exploration wells over the nex...

Feb. 12, 2020- Kosmos Energy (NYSE: KOS) (LSE: KOS) announced today that the company and its partners have signed a Sale and Purchase Agreement (SPA) with BP Gas Marketing Limited, a wholly owned subsidiary of BP plc. The SPA is for 2.45 million tonnes per annum (MTPA) of liquified natural gas (LNG) from Phase 1 of the Greater Tortue Ahmeyim project for an initial term of up to 20 years. Following the signing of the SPA, Kosmos intends to book net proved reserves of approximately 100 million barrels of oil equivalent associated with Phase 1, as evaluated by the company’s independent reserve auditor Ryder Scott Company, LP. The company expects to book additional reserves when further phases of the Tortue project are sanctioned and sale and purchase agreements signed for the offtake volumes. “The signing of the SPA is an important milestone in the Greater Tortue Ahmeyim project for the Governments of Mauritania and Senegal, SMHPM, Petrosen, BP and Kosmos,” said Todd Niebruegge, Senior V...

February 6, 2019 The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession .   The contract awarded to the UAE’s National Marine Dredging Company (NMDC) is valued at AED 5 billion (US 1.36 billion) and will achieve substantial In-Country Value of over 70 percent. The Ghasha Concession consists of the Hail, Ghasha, Dalma, Nasr and Mubarraz offshore sour gas fields. Under the terms of the contract, NMDC will construct 10 new artificial islands and two causeways, as well as expand an existing island, Al Ghaf. The project is expected to take 38 months to complete and will provide the infrastructure required to further develop, drill and produce gas from the sour gas fields in the Ghasha Concession. At peak construction, the project is expected to employ over 3,500 people. The award was signed by Abdulmunim Al Kindy...

January 9, 2018 The Abu Dhabi National Oil Company (ADNOC) awarded the two Front End Engineering Design (FEED) contracts for ADNOC’s planned offshore ultra-sour gas mega project, which consists of the Hail, Ghasha and Dalma fields . Bechtel (UK) was awarded Hail & Ghasha FEED Contract and TechnipFMC (UAE) was awarded Dalma FEED Contract. In man-hours, the two FEED contracts, collectively, are the largest awarded by an oil and gas company, underpinning the criticality of a detailed FEED phase to optimize project cost and schedule. The project, in the northwest offshore area of the Emirate of Abu Dhabi, could meet 20 percent of the UAE’s gas demand by the second half of the next decade. H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “The growth in energy demand in Abu Dhabi, and the wider UAE, has prompted ADNOC to further harness its gas resources, as part of its 2030 smart growth strategy. This FEED award provides ADNOC with the potential to unlock...

July 27, 2022 ADNOC Drilling Company PJSC (“ADNOC Drilling” or “the Company”) (ADX symbol: ADNOCDRILL / ISIN: AEA007301012) today confirmed the award of contracts worth $2 billion to enable the delivery of ADNOC’s Ghasha offshore mega gas project . The contracts are valued at $1.3 billion for Integrated Drilling Services (“IDS”), and $700 million for the provision of four island drilling units, supporting acceleration of ADNOC Drilling’s medium-term revenue and earnings growth at very attractive margins. Each contract has a fixed term of ten years, with the IDS portion of the award adding $40 million per year to the Company’s previous Oilfield Services revenue guidance. The Ghasha project is the world’s largest offshore sour gas development and plays a key role in ADNOC’s plans to meet growing domestic and international demand for gas, as well as enabling gas self-sufficiency for the UAE. Production from the concession is expected to start around 2025, ramping up to produce more than ...

Nov. 17, 2022 JGC HOLDINGS CORPORATION (Representative Director, Chairman and CEO Masayuki Sato) announced today that a Joint Venture consisting of JGC America, Inc. and Kiewit Energy Group Inc. (Kiewit), hereafter referred to as "JKJV", has been awarded an Engineering, Procurement, and Construction (EPC) Contract for the ethylene portion of an integrated polymers project in Orange, Texas, U.S.A. The client, known as Golden Triangle Polymers , is a joint venture between Chevron Phillips Chemical and QatarEnergy. The client has made the final investment decision for the project. The complex will use ethane derived from US shale gas as the feedstock for the production of ethylene and HDPE (High Density Polyethylene). The ethylene plant will have an annual production capacity of 2 million tons, one of the largest such plants in the world, to help meet increasing demand for polymer products arising from the continued growth of the global middle class. JGC has a track record of in...

November 18, 2021 The Abu Dhabi National Oil Company (ADNOC) announced today, the award of two engineering, procurement and construction (EPC) contracts totaling $1.46 billion (AED5.36 billion) for the Dalma Gas Development Project. The Dalma field is part of the Ghasha Concession which is the world’s largest offshore sour gas development and an important enabler of gas self-sufficiency for the United Arab Emirates (UAE). The two EPC contracts, awarded to National Petroleum Construction Company (NPCC) and a joint venture (JV) between Técnicas Reunidas and Target Engineering, include the construction of gas conditioning facilities, wellhead topsides, pipelines and umbilicals. Seventy percent of the award value will flow back into the UAE’s economy under ADNOC’s successful In-Country Value (ICV) program, reinforcing ADNOC’s commitment to ensuring more economic value remains in the country from the contracts it awards. Package A of the two Dalma EPC contracts was awarded to NPCC and is v...

JGC Holdings Corporation (Representative Director, Chairman and CEO Masayuki Sato) announced today that JGC Corporation (Representative Director and President Farhan Mujib) which operates the overseas engineering, procurement and construction (EPC) business of the JGC Group, in partnership with Technip Energies, has been awarded the contract for the front end engineering and design (FEED) of the floating liquified natural gas (FLNG) facility project in the Federal Republic of Nigeria, pioneered by UTM FLNG Limited. Last year, UTM Offshore Limited, an indigenous private company engaged primarily in crude oil sales and an established provider of marine logistic support services to the oil and gas sector, being the parent company of UTM FLNG Limited, awarded the contract for the conceptual design services to JGC Corporation. Consequently, the consortium of JGC Corporation and Technip Energies has now been awarded the contract for the FEED of a FLNG plant producing 1.2 million tons per an...

2 April 2012  The technology group The Linde Group and Sadara Chemical Company (Sadara) recently signed a long-term contract that will see Linde supply Sadara with carbon monoxide (CO), hydrogen (H2) and ammonia (NH3) at a chemical complex now being built by Sadara in Jubail, Saudi Arabia, which will be the world's largest chemical complex ever built in a single phase. The on-site gases supply contract includes a HyCO facility for the production of CO and H2 plus an ammonia plant. Linde will be investing USD 380 million in the project. Sadara, established in October 2011, is a joint venture developed by Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Company (Dow). "This contract is an excellent opportunity from several perspectives," states Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG. "It is Linde's largest on-site petrochemical project in this region, and our first in Jubail. It thus strengthens our position as a global l...

14 August, 2017 Sadara Chemical Company (Sadara) , a joint venture between Saudi Aramco and The Dow Chemical Company, today celebrates the commissioning of the last of its 26 plants – an isocyanates section currently producing crude quantities of toluene di isocyanate (TDI) and other specialty chemicals. The landmark commissioning milestone was celebrated in the presence of Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and Saudi Aramco Chairman, His Excellency Khalid A. Al-Falih; Dow Chairman and CEO Andrew Liveris; and Ahmad Saadi, Chairman of Sadara and Saudi Aramco Senior Vice President of Technical Services at the Sadara complex in Jubail Industrial City II. A first for the Gulf region, the TDI section is mainly used in the production of flexible polyurethane foam for furniture, mattresses, cushioning and car seats. TDI also has a variety of industrial uses, such as coatings, adhesives, sealants, specialty foams and other products. The TDI section consists of t...

March 28, 2018 Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, are pleased to announce the formation of two joint ventures for the Refinery and Petrochemical Integrated Development (RAPID) project . The strategic alliance is a historic partnership between two of the largest and most successful national oil companies in the world, bringing together the resources, technologies, experience as well as expertise of two national oil companies with established commercial presence around the world. These Joint Ventures allow the parties equal ownership and participation in the operations of the new refinery and selected petrochemical facility, which is part of the Refinery and Petrochemicals Development (RAPID) project within Pengerang Integrated Complex (PIC) in Malaysia’s southern state of Johor. Through this collaboration, Saudi Aramco will supply 50 percent of the refinery’s crude feedstock requirements...

September 6, 2022 Técnicas Reunidas has reached a very important milestone in the execution process of the new refinery it is developing in Talara (Peru) for the company Petroperú. On August 16, the Primary Distillation Unit of the facility was formally handed over to this client after successfully passing the guarantee tests at its maximum load capacity. The products obtained in the tests met the required specifications and quality levels. Petroperu’s Chairman of the Board, Humberto Campodonico, accompanied by the company’s top executives, was present at the handover ceremony of the Distillation Unit. In his speech, he emphasized that “the gradual and progressive start-up schedule is being complied with”. In turn, Carlos López Risueño, Project Manager of Técnicas Reunidas, pointed out that the Unit delivered “has performed within the expected technological, safety and quality standards”. In the next few days, testing of the Vacuum Distillation Unit will begin and will be followe...

January 20th 2022 Heerema Marine Contractors is proud to announce that McDermott has awarded a contract to transport and install six large jackets within Package-1 of Saudi Aramco’s Marjan Increment program. Michel Hendriks, Heerema’s Transport and Installation Director said: ‘The award of the Marjan jacket scope is evidence of McDermott’s confidence in Heerema’s capabilities to deliver large transport and installation scopes in the Middle East. We are looking forward to returning to the region in 2023 for a collaborative and successful campaign.’ Marjan Increment Program The Marjan oil and gas field is located in the Arabian Gulf off the eastern coast of Saudi Arabia. The Marjan increment program is an integrated development project to increase the production capacity from the Marjan offshore field. McDermott EPCI ‘Mega-Project’ In 2019, McDermott was awarded the second largest EPCI contract by Saudi Aramco in the Marjan Increment Development Project to provide engineering, procurem...

July 10, 2019 McDermott International, Inc. (NYSE: MDR) announced it has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco's Marjan Increment Development Project to provide engineering, procurement, construction and installation (EPCI) of offshore gas facilities and pipelines. Marjan Package 4 represents the second largest EPCI offshore contract awarded by Saudi Aramco in the Marjan Increment Development Project. The Marjan field lies in the Arabian Gulf, off Saudi Arabia's East Coast. "The award of Marjan Package 4, in addition to Marjan Package 1, is further evidence of Aramco's confidence in McDermott's ability to deliver on a project of this scale," said Linh Austin, Senior Vice President, Middle East and North Africa. "Our locally focused and globally-integrated approach we refer to as the One McDermott Way, is integral to our ability to provide effective, innovative solutions for our clients." The contract include...

July 10, 2019 McDermott International, Inc. (NYSE: MDR) announced it has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC). McDermott will lead the consortium with COOEC in an integrated execution model utilizing McDermott's extensive global assets and facilities. The consortium will leverage McDermott's extensive project management, engineering, global procurement, fabrication, In-Kingdom field-operations and marine knowledge of the Marjan field with COOEC's fabrication capability and marine vessels. The Package 1 GOSP separation platform is located offshore in the eastern flank of the Arabian Gulf. This is the operational center of the Marjan increment development mega-project and will draw upon McDermott's exte...

Aug. 1, 2019 McDermott International, Inc. (NYSE: MDR) announced it has been awarded a large* contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Saudi Arabia's Karan fields located offshore in the Arabian Gulf. The scope of work includes EPCI of Wellhead PDM for four wells, 3.75 miles (6 kilometres) of 16-inch corrosion resistant alloy (CRA) cladded flowline, 4 miles (6.5 kilometres) of subsea umbilical cable, offshore tie-ins to existing facilities and electrical modifications to existing PDMs. "This award is confirmation that the McDermott execution model we call the One McDermott Way gives clients confidence that we consistently deliver quality," said Linh Austin, Senior Vice President, Middle East and North Africa. Engineering of the project will be performed in Saudi Arabia and fabrication will take place at McDermott'...

July 09, 2019 Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement and construction of the Marjan and Berri increment programs. The company plans to boost the Marjan and Berri fields’ production capacity by 550,000 barrels per day of Arabian Crude Oil and 2.5 billion standard cubic feet a day (BSCFD) of gas. “These two programs will significantly enhance Saudi Aramco’s oil production and gas processing capabilities, both strengthening our position as the leading integrated energy supplier and meeting growing long-term demand for petroleum,” said Amin H. Nasser, president and CEO of Saudi Aramco. “These investments will support our continued focus on employing best-in-class technologies, well completion, and reservoir management practices. It will enable Saudi Aramco to further reduce the carbon intensity of our crude oils, supporting our strategy of reducing emissions while providing energy to those who need it.” More than 90 compan...

16.12.2022 The NEPTUNE arrives at the Lubmin industrial port today. The FSRU (Floating Storage &Regasification Unit) had previously made a stopover at Mukran Port on Rügen (see also press release from November 23, 2022). There the final preparatory work was done the final transfer to Lubmin.  In the industrial port of Lubmin, the NEPTUNE now has its place in the first and so far only privately financed LNG terminal that is being developed by Lubmin-based Deutsche ReGas. The trip to Lubmin takes place in a towed convoy. This is necessary because the NEPTUNE no longer full after her lightening to a draft of approx. 5.2 metres force can maneuver independently.  The entire process of the transfer, which took around ten hours in total, was checked in advance in real time by the company's specialists NAUTITEC successfully simulated in the Shiphandling Simulator and Training Center in Leer. “We are delighted that the NEPTUNE is now in Lubmin.  Once they have the specifical...

September 27, 2022 WaveCrest Energy has joined the Deutsche ReGas team to help deliver the “Deutsche Ostsee” LNG terminal in the German port of Lubmin. We’re excited to be a part of this project and look forward to delivering natural gas to Germany this winter.

November 9, 2022 PJSC LUKOIL finished construction of a Petroleum Residue Recycling Facility with production capacity of 2.1 million tonnes per year at its LUKOIL-Nizhegorodnefteorgsintez LLC refinery (a wholly owned subsidiary of PJSC LUKOIL). The facility is comprised of a delayed coking unit, diesel fuel and gasoline ​hydrotreatment unit, fractioning column, hydrogen and sulphur production unit, as well as infrastructure facilities. Implementation of the project will allow to increase annual Euro 5 diesel production by 1.1 million tonnes, decrease fuel oil share in production mix, as well as create over 200 high-tech jobs in the region. The construction of the facility started in 2018. Up to 7 thousand people worked every day at the 430 thousand m2 construction site.