Petrofac Secures North Sea Well Management Contract
Petrofac’s Engineering & Production Services (EPS) has signed a well management contract for Phase 1 of Independent Oil and Gas’ (IOG) Core Project located off the UK.
News / International
PDO Oil, Gas Production Reaches Record Levels in 2019
Petroleum Development Oman (PDO), Oman’s largest oil producing company, achieved record production of 1.210 million barrels of oil equivalent per day (mmbbl/d) in 2019, a 0.41% increase from 2018’s 1.205 mmbbl/d.
China Makes Breakthrough in Deep Water Gas Exploration
A submarine pipeline at a depth of 1,542 meters has been successfully completed at the Lingshui 17-2 gas field in the South China Sea which could promote the exploitation of deep-water gas resources.
Sonatrach Becomes Main Shareholder in the Medgaz Pipeline
Algeria's State run oil company, Sonatrach, has become the main shareholder in the Medgaz pipeline after the acquisition of a further 19.1% stake from Spain’s Cepsa.
Amur Gas Plant Project at 62% Completion
the Amur Gas Processing Plant (GPP) construction project, one of the largest infrastructure projects of the company in Russia's Far East, has reached 61.9% of its completion.
Petrofac Extends Contract in Iraq with Basra Oil
Iraq has awarded Petrofac’s Engineering & Production Services (EPC) a six month contract extension with Basra Oil Company for the Crude Oil Export Expansion Project (ICOEEP).
US Crude Production Falls by 0.2% in March
US Crude oil production fell by 0.2%, or 28,000 barrels of oil per day (bbl/d), to 12.7 million barrels per day (mmbbl/d).
Schlumberger to Redeem All of the 4.2% Outstanding Senior Notes
Schlumberger Limited has announced that Schlumberger Oilfield UK Plc will redeem all of the outstanding principal amount of its 4.2% Senior Notes which are due in 2021.
Sinopec to Build $2.79 BB LNG Terminal
Sinopec has signed an investment contract with China’s Zhoushan city to build a $2.79 billion liquified natural gas (LNG) terminal.
KBR Signs Maintenance Contract with Kazakhstan
KBR has signed a joint venture (JV) agreement with NIPIneftegas JSC to establish a new engineering and support service, KBR-NIPILLP, for oil and gas companies in Kazhastan.
