Latest Posts Under: Energy Industry News

Siemens Gamesa to acquire certain European assets of Senvion Group

Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy has signed a deal worth €200 million to acquire selected European assets of German wind turbine manufacturer Senvion Group. The transaction includes assets mainly belonging to the European onshore service business of Senvion Group and all related assets and operations that offer full service, all the intellectual […]

Ærfugl project phase 2 : Aker Solutions bags contract for subsea production system

Ærfugl project phase 2 : Aker Solutions has bagged a contract worth around NOK 700 million ($76.95 million) from Aker BP for the supply of the subsea production system for the Ærfugl project (formerly Snadd field development) in the Norwegian Sea. The subsea delivery for the Norwegian oil project includes wellheads, vertical subsea trees, control […]

Cypre project : Aker Solutions wins contract for BP’s gas project in T&T

Norwegian engineering company Aker Solutions has bagged a contract to support the development of BP’s 100% owned Cypre project located offshore Trinidad and Tobago (T&T). The Cypre gas project involves the development of the Macadamia gas discovery made in June 2017 by BP. Under the contract, Aker Solutions will be responsible for providing front-end engineering […]

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

Freeport LNG project in Texas begins production of LNG

McDermott International, Chiyoda International and Zachry Group said that Train 2 of the Freeport LNG project built on Quintana Island in Freeport, Texas, has started the production of liquefied natural gas (LNG). The partners said that this project milestone is a precursor to first cargo. Mark Coscio – McDermott Senior Vice President for North, Central […]

Eni completes sale of 20% in East Sepinggan area to Neptune Energy

Eni’s subsidiary Eni East Sepinggan has wrapped up its previously announced sale of a 20% stake in the East Sepinggan area, offshore Indonesia, which contains the Merakes development and Merakes East discovery, to Neptune Energy Group’s subsidiary Neptune Energy East Sepinggan. Financial details of the deal that was announced in July 2019 remained to be […]

AFC joins Brahms Oil Refineries to advance Brahms refinery project, Guinea

Brahms refinery project : Africa Finance Corporation (AFC) has signed an agreement with Brahms Oil Refineries, a part of the Switzerland-based Brahms Group, to join a petroleum storage and associated refinery project in Guinea. Located in Kamsar, the project will include a 76,000m3 crude oil storage terminal, a storage terminal with a capacity of 114,200m3 […]

Vår Energi selects Capgemini to deliver digital transformation

Vår Energi, a Norwegian oil and gas company, has signed a partnership agreement with French IT company Capgemini to fast track its digital transformation. As per the agreement, Capgemini will support the digital transformation program of Vår Energi by providing digital services to enable the latter to benefit from the full digital potential. The Norwegian […]

Tor field : ConocoPhillips gets PSA nod for production drilling

Norway’s Petroleum Safety Authority (PSA) has granted consent to ConocoPhillips to use the West Linus jack-up rig for production drilling on the Tor field located in the Norwegian sector in the North Sea. The PSA consent allows for the drilling and completion of eight production wells as part of the new development of the Tor […]

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