Putin wants BRICS to play a greater role in the global energy dialogue
On Wednesday, President Vladimir Putin called for a greater role for the BRICS group on global energy markets. Russia is looking for ways to counter Western influences. The Energy Week International Forum will be held in Russia this week. It is also expected to host a meeting between the energy ministers of the BRICS countries. In a letter addressed to participants and guests of the forum, Putin stated…
Chrysaor Backs Mocean Subsea
Mocean Energy, global wave energy player, has teamed up with energy major Chrysaor, subsea energy storage experts EC-OG and AUV specialist Modus in a project to look at using renewables for subsea power.The project, funded by the partners together with the Oil and Gas Technology Centre (OGTC), will look to use Mocean Energy’s Blue Star wave energy converter and EC-OG’s HALO subsea energy storage system to power subsea tiebacks or residential AUVs.If industry feedback is positive…
Petronas Names Second FLNG in S. Korea
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating LNG facility is designed to extract gas from deepwater gas reservoirs in depths up to 1,500 meters.With PFLNG Dua, the national oil and gas company of Malaysia owns and operates two floating LNG facilities, following the success of PFLNG Satu which has been in operation since 2017.
Singapore LNG and YTL PowerSeraya Appoint New CEOs
Singapore-based energy company YTL PowerSeraya and LNG terminal operator Singapore LNG Corp (SLNG) announced that they have appointed new chief executive officers (CEOs).YTL PowerSeraya said that han Swee Huat has decided to step down as CEO of the Group with effect from 15 January 2019. Chan plans to retire but will continue to serve as an advisor to parent company YTL Power International.He will be succeeded by industry veteran John Ng…
Qatar Buys Eni's Mexican Oil Stakes
Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields in Mexico.The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay, said a press statement from the Arab country's government-owned energy company.The agreement is subject to customary regulatory approvals by the government of Mexico.
Bibby Completes Decommissioning Work for Maersk Oil UK
Bibby Offshore, a subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player Maersk Oil UK to provide late life production enhancement and decommissioning support in the North Sea. The contract saw Bibby Offshore’s diving support vessel Bibby Polaris operate at two separate locations, undertaking production system isolations and critical component replacements to facilitate late life production enhancement…
Three Mega NSW’s solar Project Take shape
Three big solar projects in NSW supported by the Australian Renewable Energy Agency (ARENA) are set to begin construction within weeks after getting the financial green light. The plants in Parkes, Griffith and Dubbo will consist of more than 400,000 panels and when completed will provide enough renewable energy to power 41,500 homes per year. Developed by renewable energy company Neoen, the plants…
Bibby Offshore Bags Mega North Sea Contract
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player, to provide first gas and construction support on its assets in the Southern North Sea. The contract, due to be executed between Q3 and Q4 2016, will see Bibby Offshore’s construction support vessel Olympic Ares, and its diving support vessel Bibby Polaris…
Protests Expand in Peru's Oil-producing Amazon Region
Demonstrators in the Peruvian Amazon barricaded streets, hurled stones at local businesses and burned at least one vehicle to protest the government's decision to award a Canadian company a license to tap the country's largest oil block. The protesters, led by the region's governor, want the government to repeal its recently inked contract with Pacific Exploration and Production Corp and transfer control of block 192 to state-owned Petroperu.
Petroperu Plans $2.7 bln in Global Bonds
Petroperu plans to issue $2.7 billion in global bonds, likely with a 30-year maturity, by the end of November to finance expansion of its main refinery, the president of the state-owned energy company said Friday. German Velasquez said French bank Societe Generale and Peruvian bank Cofide are the bookrunners on the planned transactions, which will allow Petroperu to ramp up work on its Talara refinery that is 13 percent complete.
Shell to Build Petrochemicals Plant in Iraq
Royal Dutch Shell signed a deal with Iraq on Wednesday worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, boosting the country's aim to become a major regional energy player and diversify its income. Industry Minister Nasser al-Esawi told a news conference the Nibras complex, which is expected to come online within five to six years, would make his country the largest petrochemical producer in the Middle East.
Statoil awards contracts for support services within HR
Statoil has decided to outsource certain tasks within the Human Resources (HR) function, and awards two new contracts to external suppliers. The number of full time positions in Statoil in Norway that will be affected is 69, in addition to 10 positions internationally. Around 2/3 of affected employees will be offered employment with the new vendors, either through transfer of undertakings or offer of employment.
