Exxon Mobil discovers oil offshore Guyana
Exxon Mobil Corporation announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by Exxon Mobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in...
TAP get green light from Italy
TAP gets green light from Italy to move ahead with construction in 2016 as the Italian Government has granted Trans Adriatic Pipeline (TAP) its Single Authorisation Permit. The Single Authorisation is a key permit that allows TAP to move ahead with the start of pipeline construction by May 16, 2016. It was signed by the...
Adco signs $334 EPC deal for Mender oilfield
Adco, Abu Dhabi Company for Onshore Petroleum Operations Ltd., has been awarded the Engineering, Procurement and Construction (EPC) contract for the development of the Mender field to China Petroleum Engineering and Construction Corporation, CPECC. The value of the contract is is US $ 334 million. The contract covers the construction of gathering stations, pipelines and...
FCC-Odebrecht JV lands Panama Metro
A consortium of Spain’s FCC and Norberto Odebrecht of Brazil is the winning bidder for construction of line 2 of the Panama Metro. FCC-Odebrecht beat a consortium that included two Chinese contractors and one that was led by Dragados of Spain. The works will include 16 stations and 21 kilometres of elevated railway lines, connecting...
Tech Group win Corniche MEP contract
Tech Group, the UAE based construction company, has said that it has been awarded contracts worth $23.7 million for a number of services for the $163.35 million Ajman Corniche Residence mixed-use project. Expected to be completed in the second quarter of 2017, the ACR project comprises residential areas, shopping malls and entertainment centres. Subsidiaries of...
China Railway Group wins Astana metro
A joint venture between China Railway Group and Beijing State-Owned Assets Management, a Chinese state investment vehicle, has won the contract for Phase I of the Astana, Kazakhstan City Light Rail Transit (LRT) scheme. The project comprises 22.4 km of track, 18 stations and one depot. It will be built to Chinese technical specifications and...
Drydocks World Wins Turret Fabrication Contract
Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors is set to expand on their track record of constructing Turret mooring Systems by securing a contract from Orwell Offshore to fabricate an external Turret for FPSO Layang. Drydocks World’s experienced team will play an integral role...
Odfjell Drilling secures Vietnam work
Odfjell Drilling in Norway has been awarded a contract with VietGazprom to deploy 2011-built drillship Deepsea Metro I (UDW drillship) to Vietnam. The estimated contract value is approx. $40 million. The area of operation is in Blocks 130 and 131 offshore Vietnam. Contract commencement is expected to take place mid 3Q 2015. The drillship was...
Plans to develop $1.1bn safari park in Egypt
A consortium led by Egypt-based company 300 Years History has won approval from the Ministry of Housing to develop a safari park on a 1,000-acre area at an investment of $1.1 billion in Cairo, said a report. Its partners include UK-based Chipperfield Companies Group, Canada’s Maple Leaf, a Saudi investor, and a Russian company. The...
Saipem JV Chiyoda for Mozambique LNG
Saipem today announced that its Joint Venture with Chiyoda and CB&I, CCS JV, has been selected as contractor for the initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique’s Offshore Area 1. The selection of CCS JV is subject to negotiation and entry into...
The Arctic is hot again – Royal Dutch Shell
This week, with oil at $65, the Interior Department approved Royal Dutch Shell’s plan to drill up to six exploratory wells in the Chukchi Sea, just west of the Beaufort. In December 1979, in the wake of the Iranian revolution and the oil price shock, executives from the biggest energy companies converged on Fairbanks for...
Massy Wood Group Wins $250 Million BP Contract
Massy Wood Group has been awarded a five year contract, with a potential value of up to $250 million, by BP to provide services to its operations in Trinidad & Tobago. The company, which is jointly owned by Wood Group PSN (WGPSN) and the energy division of Massy Holdings Limited, will deliver engineering, procurement and construction services to BP’s 13...