BP reached turning point
BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.
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BP’s chief executive Bob Dudley ahs declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.
Fluor Offshore Solutions unit as been awarded a FEED contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for new offshore facilities located at the Nasr Field.
The Clough AMEC joint venture has been awarded a two-year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu Undan facilities located in the Timor Sea. The contract extension has an estimated value of AU$100 million.
Proposals previously blocked by environmental groups have gained traction as planned Ohio diesel and jet fuel refinery switches from coal to natural gas. Also includes a round up of other US refining news.
Leighton Offshore has been awarded a US$ 518 million contract which forms part of the Crude Oil Export Facility Reconstruction Project (the ‘Sea Line Project’), which is financed and supported through the Japanese Official Development Assistance (ODA) Loan by Japan International Cooperation Agency (JICA).
Canada’s National Energy Board (NEB) has approved an application by KM LNG Operating General Partnership (KM LNG) for a licence to export liquefied LNG from Kitimat, British Columbia to markets in the Asia Pacific region.
Latin America will account for half of the projected floating production Capex over the next five years according to a new Douglas-Westwood report.
The latest EIC Monitor tracking new active and future projects across the global energy industry shows growth in potential investment value across all sectors this quarter.
The organisation which represents America’s oil and gas companies has cautioned the president’s job council not to overlook potentially a million new oil and natural gas jobs, which could be created by energy development.
Sinopec has agreed to buy Daylight Energy, the intermediate oil an gas company, for C$ 2.1 billion, the deal will give Sinopec access to over 300,000 acres of land rich in oil and shale gas reserves.
Douglas Westwood has forecast strong growth in the drilling and production of unconventional gas through to 2020.
Enbridge Inc. and Enbridge Energy Partners, L.P. have announced two projects that will provide increased access to refineries in the U.S. upper midwest and in Ontario, Canada for light crude oil produced in western Canada and the USA.