Oil & Gas
Oil & Gas
TANAP awards WorleyParsons a significant five year contract
TANAP has awarded WorleyParsons a significant five year contract for the supply of Engineering, Procurement and Construction Management (EPCM) services for the 1,841km Trans Anatolian Natural Gas Pipeline Project which has an estimated total project cost of USD 11.7 billion....
Oil & Gas
Chesapeake to spinoff oil field services unit, divest $4 billion in assets
Chesapeake Energy Corp., Oklahoma City, has decided to proceed with spinning off its oil field services business, currently conducted through its wholly owned subsidiary Chesapeake Oilfield Operating LLC (COO), almost 3 months after reporting that a spinoff or outright sale...
Oil & Gas
Contract let for Egypt’s Tahrir petrochemical complex
Carbon Holdings Ltd. (CHL) of Egypt has let a contract to Drake & Scull International PJSC (DSI) for engineering, procurement, construction, and commissioning (EPCC) activities related to utilities and offsite installations for the Tahrir petrochemical complex planned at Ain...
Oil & Gas
Crude oil futures continue gains
Crude oil futures prices settled above $102/bbl May 14 on the New York market on another reported gain in US oil inventories, and analysts attributed the strong crude price to momentum created when US Sec. of Energy Ernest Moniz said...
Oil & Gas
ERGIL receives approval from the Kurdistan Regional Government Ministry of Natural Resources (MNR)
ERGIL, a worldwide specialist in engineering, construction and manufacturing for oil, gas, water, chemical and petrochemical industries is pleased to announce that ERGIL has been enlisted as an approved supplier/contractor by the Kurdistan Regional Government Ministry of Natural Resources...
Oil & Gas
Oil and gas midstream ripe for investment, Deloitte specialists say
Surging US production has made oil and gas midstream operations attractive investment prospects, three Deloitte specialists said during the final day of the financial services company’s 2014 Washington Energy Conference. “It’s a large footprint already,” said John...
Oil & Gas
Alimak Hek Group acquires offshore business from Heis-Tek
Alimak Hek Group has acquired Heis-Tek AS’s offshore business in Norway. The acquisition enables Alimak Hek to further expand and strengthen its product and service offering of vertical access solutions to the Oil & Gas industry. ...
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