Contracts News


Hunting Expects Oil Producers to Defer Projects

Dec 17, 2018

British oilfield services company Hunting Plc expects oil and gas producers to defer some projects as a recent decline in crude prices could hit their short-term budgets, it said on Monday.Oilfield service companies, including U.S.-based Schlumberger…

ADES International Renews Offshore Rig Contract

Dec 14, 2018

The oil and gas drilling and production services company ADES International said that it has renewed an existing contract for the offshore rig known as Admarine 657, which is currently operating in Saudi Arabia.The renewal for Admarine 657 would…

Nigeria Sues Shell, Eni Over Oil Deal

Dec 13, 2018

Lawyers for the Nigerian government said they had filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.The OPL 245 oilfield is also at the heart of an…

Dredging International Contract Goes to Sif

Dec 13, 2018

Netherlands-based Sif Holding N.V. announced that Dredging International has awarded to Sif the production of 58 monopiles and the primary steel of the transition pieces for SeaMade offshore wind farm.The manufactures steel foundations to the…

Petronet Seeks Long-term Deal to Buy US LNG

Dec 10, 2018

Top Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of U.S. natural gas annually for a period of up to 10 years, as it pushes to diversify its supply sources beyond the Middle East…

MHI Vestas Confirms Scotland Offshore Wind Order

Dec 06, 2018

MHI Vestas Offshore Wind will supply 100 turbines for the 950-megawatt (MW) Moray East offshore wind farm in waters off the northeast coast of Scotland.Under the contract, MHI Vestas will deliver one hundred of its V164-9.5 MW offshore wind turbines for the project in the Moray Firth…

ADNOC, Inpex in LNG Bunkering Pact

Dec 06, 2018

ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities…

Statkraft, Norske Skog Ink Multi-Year Power Supply Deal

Dec 06, 2018

Statkraft and Norske Skog Skogn AS and Norske Skog Saugbrugs AS have entered into new long-term industrial power supply agreements for the period from December 1, 2018 to December 31, 2026. The total delivery will be about 14 TWh, with annual deliveries of approximately 900 GWh to each mill…

Ørsted Hires Focus Consultants on Sustainable East Coast Offshore Hub

Dec 03, 2018

Focus Consultants has been appointed to deliver sustainability services for a new East Coast Hub for the offshore wind giant, Ørsted, which is currently building the biggest offshore wind farms in the world.Currently in construction on the Royal Docks at Grimsby…

Trinidad Signs Pact with BP, Shell

Dec 03, 2018

The government of Trinidad and Tobago (T&T) has entered into an agreement with energy giantsShell and BP over gas pricing and LNG activities.According to local media reports, the agree­ment in­volves new pric­ing arrange­ments, the ex­ten­sion of the At­lantic LNG Train 1 by a fur­ther five years…

Petronas, Vitol Asia Pact for LNG Supply Deal

Nov 29, 2018

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) announced the signing of binding Heads of Agreement (HOA) for long-term liquefied natural gas (LNG) sale and purchase (SPA) agreement…

Maersk Rosyth Completes 1,000 Voyages with ExxonMobil

Nov 29, 2018

Maersk Rosyth, the Handysize vessel, has been on time charter with an ExxonMobil marine affiliate for 15 years and has recently completed her 1,000th voyage, demonstrating Maersk Tankers' long-term relationship with the customer.'A voyage Maersk Rosyth has done 1…

Van Oord Contracts Tekmar Borssele 2 Offshore Wind Project

Nov 27, 2018

The subsea cables and engineering services provider Tekmar Energy announced that international marine contractor Van Oord has selected the patented Tekmar Cable Protection System (CPS) TekLink Mechanical Latch for the Borssele 2 (site III and IV) offshore wind farm…

Sonatrach Awards Gas Contract to Petrofac

Nov 27, 2018

Algerian state energy firm Sonatrach awarded a contract worth 60 billion dinars ($506 million) on Tuesday to Britain's Petrofac to boost gas output at the Tinhert field by 4.7 million cubic metre per day, Sonatrach's CEO said.The value was about $100 million less than originally announced…

Iraq Approves Drilling Deal for West Qurna 2

Nov 27, 2018

Iraq has approved a $165.74 million drilling deal with China's Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said on Tuesday.Under the 24-month contract, Bohai would drill 28 production oil wells at West Qurna Two…

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