Neptune Acquires Interests in Offshore Indonesia
Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited, a unit of Eni in the Kutei basin…
Indonesia Approves Eni’s Merakes Project
Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project…
Braskem to buy Brazilian firm Cetrel
The Board of Directors of Braskem, the largest petrochemical company in the Americas, authorized the conclusion of an agreement with Odebrecht Utilities to purchase control of Cetrel, a company responsible…
Polarled Pipeline Now in Place
On Monday 28 September, the final pipe in the 482.4 kilometre long Polarled Pipeline was laid at the Aasta Hansteen field at a depth of 1,260 metres in the Norwegian Sea. Polarled is the first pipeline on…
Sinopec to Up Winter Gas supply, PetroChina Boosts Imports
Sinopec to hike nat gas supply to domestic users November-March. China's Sinopec Corp plans to supply 11 percent more natural gas to domestic users between November and March, versus year-ago levels, while…
Borgøy: the World’s first LNG-Fueled Tug
Late last year, an innovative project to design and build the world’s first LNG fuelled escort tugs became a reality when the Borgøy was handed over for sea trials by builder Sanmar in Tulza Bay near Istanbul.
