TurkStream Line 1 completed

by Timothy Reeder | May 4, 2018 | News

Today at the Black Sea coast of Turkey, the deep-water pipelay for Line 1 of the TurkStream offshore gas pipeline has been completed. The average rate of the deep-water pipelay carried out by the pipelaying vessel Pioneering Spirit was 4.3 kilometers per day. The...

Jan De Nul and Hitachi Win a Contract for 21 5.2MW Wind Turbines for Taiwan Power’s Changhua Offshore Wind Farm Project

by Timothy Reeder | May 4, 2018 | News

Jan De Nul Group and Hitachi, Ltd. (TSE:6501) today announced that they have signed the contract with overall work for the manufacturing and installation of 21 5.2MW wind turbines (109.2MW) for the Changhua Offshore Wind Farm Project, which Taiwan Power Company plans...

SOCAR and BP sign new production sharing agreement for Azerbaijan exploration

by Timothy Reeder | May 4, 2018 | News

SOCAR and BP recently signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. The PSA was signed in London, in the presence of UK Prime Minister...

Shell to sell its Downstream business in Argentina to Raízen

by Timothy Reeder | Apr 24, 2018 | News

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied...

READ Cased Hole strengthens Middle East service with regional appointment

by Timothy Reeder | Apr 18, 2018 | News

Production and integrity evaluation specialist, READ Cased Hole Ltd (READ) has reinforced its commitment to the Middle East region with the appointment of a new Middle East Account Manager. Mohd. Mansour Esreb, based in Doha, Qatar will work with READ to drive new...

Total enters into an agreement for the proposed acquisition of Direct Energie to accelerate its ambition in gas and electricity in France and Belgium

by Timothy Reeder | Apr 18, 2018 | News

Total has entered into an agreement with the controlling shareholders of Direct Energie1 for the proposed acquisition of 74.33% of its share capital2, at a price of €42 per share, ex-dividend of €0.35 per share, representing an aggregate acquisition price of...