News

LUKOIL board of directors approved industrial safety performance and reviewed reserves additions results
November 16, 2017 At a meeting held in Moscow today, the LUKOIL Board of Directors approved the Company’s progress results in the area of industrial safety and labor protection and continued further improvement of the related Management System. Special attention will be given to the quality enhancement of subcontractors’ requirements.

Husky Energy Closes Acquisition of Superior Refinery
Nov. 08, 2017 Husky Energy (TSX:HSE) has closed its acquisition of the Superior Refinery, a 50,000 barrel per day refinery located in Superior, Wisconsin. The Superior Refinery increases Husky’s downstream crude processing capacity, in line with the Company’s growing production. With the addition of the Superior Refinery, Husky’s total downstream

Bechtel to Deliver 27.6 MTPA Driftwood LNG Project for Tellurian
13 November 2017 Integrated design and execution model to provide cost efficiency and operational flexibility Bechtel, a global leader in engineering, procurement, and construction, announced it has signed four lump-sum turnkey agreements with Driftwood LNG LLC, a Tellurian company, to deliver one of the world’s lowest-cost liquefaction construction projects near

Shell upsizes sell down of shares in Woodside
Nov 13, 2017 Further to the announcement on November 13, 2017, Royal Dutch Shell plc (“Shell”) confirms that, following strong demand from institutional investors, Shell Energy Holdings Australia Limited (“SEHAL”) has upsized its previously announced agreement to sell shares in Woodside Petroleum Limited (“Woodside”). A total of 111.8 million shares

Heerema Marine Contractors announces intended restructuring
24 October 2017 Heerema Marine Contractors (HMC) today announces the intention to implement a restructuring of the company. The restructuring is related to the continuing low oil price and historic low investments in the oil and gas industry resulting in an increasingly competitive market. With market conditions and the outlook

Chrysaor awards three-year contract for Central North Sea assets to Sparrows Group
Chrysaor has awarded Sparrows Group a three-year crane management services contract for the three operating assets it will take ownership of from Shell in November. The operator will become the largest independent E&P company in the region following the US $3 billion deal with Shell earlier this year to acquire

Brazos Midstream acquires Callon Petroleum Company’s Natural Gas Gathering System in Southern Delaware Basin
October 10, 2017 Brazos Midstream Acquires Callon Petroleum Company’s Natural Gas Gathering System in Southern Delaware Basin Callon’s strategically placed midstream assets further strengthen Brazos’ position in the core of the Delaware Basin Assets anchored by long-term dedications for Callon’s acreage under development with an anticipated ramp in activity during

Gas4Sea selected by Statoil for LNG bunkering in Rotterdam
10/10/2017 Gas4Sea partners – ENGIE, Mitsubishi Corporation and NYK – have been selected by Norwegian multinational energy group Statoil to be their LNG marine fuel supplier in the port of Rotterdam, in the Netherlands, for four crude shuttle tankers. The four planned dual fuel vessels are to come into service

Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field
09 October Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. The cost of Rosneft stake acquisition is USD 1.125 bln. The Company also refunded its share

Chevron Achieves First LNG Production at Wheatstone
Oct. 8, 2017 Chevron Corporation (NYSE:CVX) today announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our