BG Grp Sells 2 LNG Carriers to GasLog
Methane Services, a subsidiary of British energy firm BG Group, has sold two liquefied natural gas (LNG) vessels to GasLog Ltd for $460 million. GasLog said it would charter the two carriers, Methane Becki Anne and Methane Julia Louise, back to BG for periods of 9-11 years, with the option of extending the charter periods...
Goodwood announces 10 yr Qatar deal
Goodwood has announced a 10-year partnership with Qatar that the racecourse describes as “the single biggest sponsorship deal ever done for the benefit of British horse racing”. More than two million pounds ($3.12 million) will be invested in eight key races at the south of England track while the July 28-Aug. 1 Glorious Goodwood meeting...
BP and SOCAR Sign an Agreement
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is part of the government’s plan to...
Babcock scoop MOD contract
Government contractor Babcock International scooped a multi-million pound slice of the Ministry of Defence in a privatisation deal. The FTSE 100 company has agreed terms on a £140 million deal to take control of the Defence Support Group after a month of final negotiations. The agency maintains and repairs military vehicles and light weapons. The...
Omani/Spanish JV $320mn pipeline
A joint venture (JV) between Oman Oil Refineries and Petroleum Industries Co (Orpic) and Spanish firm Compañía Logística de Hidrocarburos (CLH) has signed an engineering, procurement and construction (EPC) contract for the construction of a $320mn (OMR 123.2mn) pipeline project in the sultanate. The Orpic Logistics Company (OLC) JV will be the lead contractor for...
Nakheel Vietnam $550m project
Dubai property developer Nakheel said it would propose a plan to restart a delayed $550 million project in Vietnam’s northern province of Quang Ninh in January, the Dau Tu (Investment) newspaper reported. The Ha Long Star urban and tourism project will feature a 250-room five-star hotel, a luxury hotel with 100 rooms and 226 villas,...
Oil & Gas Firm gets £1m New Business
Niche Oil & Gas firm boosted by £1m of new business. ABIS Projects has won a clutch of contracts worth around £1million over the next 15 months. The oil and gas project services consultancy has secured frame agreements and call-off contracts with ADTI, Hunting, Talisman Sinopec and North Sea newcomer, MOL. Aberdeen-based ABIS Projects is...
Wood Group PSN to cut contractor pay
Oil services firm Wood Group PSN has announced a wage cut for contractors – for the second time this year. The Aberdeen-based company said it had taken the decision as a result of the falling oil price as well as high operating costs. Contractors operating onshore and offshore in the UK will see a pay...
French firm wins Doha contract
The Government of Qatar’s Public Works Authority (Ashghal) has commissioned Suez Environnement through its subsidiary Degrémont, in consortium with its Japanese partner Marubeni Corporation, to expand the Doha West wastewater treatment and recycling plant. The total contract is worth €178 million ($222 million), €94 million ($117.3 million) of which is for Suez Environnement. This expansion...
Al Jaber Energy wins $125mn contract
Al Jaber Energy Services (AJES) has secured a $125mn contract from Petrofac Emirates LLC for construction work on the Upper Zakum offshore oilfield. AJES, a subsidiary of Al Jaber Group, has been contracted for 33 months for construction and logistics work on the South and North Islands. The two islands are part of the four...
GDF Suez to build Chile Power Plant
GDF Suez, through its unit E-CL, has been successful in the recent energy auction in Chile. The group will deliver 5,040 GWh per year to the distribution companies of the SIC (Chile’s central electricity system) from 2018 for a period of 15 years. The energy will be provided from E-CL’s diversified portfolio of new and...
Amec F W wins Chevron NSea contract
Front end engineering design for Enhanced Oil Recovery project, Captain oil and gas field. Amec Foster Wheeler announced the award of a Front End Engineering Design (FEED) contract by Chevron North Sea Limited (Chevron) to an Amec Foster Wheeler company for the Captain Enhanced Oil Recovery (EOR) development in the North Sea. The value of...