LogIn LogOut

Joint Venture News

 

Reliance Reaps Record Profit

Oct 18, 2019

Indian oil-to-telecoms conglomerate Reliance Industries said strong growth in its consumer-facing businesses lifted second quarter net profit by 18.3% year-on-year to a record total.Consolidated net profit rose to 112.62 billion Indian rupees ($1…

BP Raises Asian Profile

Oct 18, 2019

BP is increasing its Asian presence with an initial agreement, or memorandum of understanding, with China's Zhejiang Petroleum and Chemical Corporation (ZPCC) to build a 1 million tonne a year acetic acid plant, BP said on Friday. The planned production site for acetic acid…

Partners Plan Floating Wind Farm in South Korea

Oct 18, 2019

Partners WindPower Korea, EDP Renewables and Aker Solutions will develop a 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea.The consortium was formed as EDP Renewables and Aker Solutions have invested…

Airswift Eyes APAC Growth

Oct 10, 2019

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets…

PTTEP, Halliburton Ink Automation Deal

Oct 01, 2019

PTTEP, a national petroleum exploration and production company in Thailand, selected Halliburton Landmark for joint development of new well design workflow to automate drilling and completion engineering processes across the well lifecycle, the US-based oilfield services company announced…

Timor Resource to Drill 5 Wells in Timor-Leste

Sep 18, 2019

Australian privately-owned oil and gas company Timor Resources said it has commissioned Eastern Drilling to commence drilling operations in the Southeast Asian country of Timor-Leste.One of the world’s last frontiers for oil and gas, Timor-Leste's…

Transborders Joins Forces with Osaka Gas

Sep 17, 2019

Perth-based Transborders Energy has signed a memorandum of understanding (MoU) for collaboration with Japan's Osaka Gas.The  MOU will facilitate information and knowledge sharing for both companies to evaluate projects that could commercialize…

SCD JV Win $10bln NLNG Train7

Sep 13, 2019

The Nigerian Liquefied Natural Gas Company (NLNG) signed a “letter of intent” with SCD JV as preferred bidder to construct the $10bn NLNG Train 7 project.SCD JV  is a joint venture consortium comprising Saipem, Chiyoda and Daewoo.'SCD JV is the preferred bidder for  the contract for the Engineering…

Saudi Minister Commits to Output Cuts

Sep 09, 2019

Oil prices rose more than 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices.Prince Abdulaziz, son of…

Plans for Israeli Gas Exports to Egypt on Track

Sep 09, 2019

Plans to start exporting gas from Israel to Egypt are on track but further steps are still needed before exports can commence, Egyptian petroleum minister Tarek El Molla said on Monday.'Everything is agreed on ... countries (involved) have already given their blessings…

SHI to Build Arctic LNG Ship for Zvezda

Sep 09, 2019

Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for the LNG carriers project…

Gazprom Neft, USC Join for LNG Project

Sep 08, 2019

Russian oil producer Gazprom Neft, Gazprom gas-engine fuel, and the United Shipbuilding Corporation (USC) have concluded a tripartite cooperation and strategic partnership agreement on developing a liquid natural gas (LNG) fleet and related infrastructure…

Green Light for Arctic LNG 2

Sep 06, 2019

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million…

Saibu Gas, Novatek JV to Market LNG

Sep 06, 2019

Japanese natural gas distribution company Saibu Gas and Russian LNG project operator Novatek revealed plans to form a joint venture.Novatek announced that it has signed the Heads of Agreement (HoA) with Saibu Gas in the presence of the Minister…

India and Russia Sign Energy Deals

Sep 05, 2019

India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and production in each other's oil and gas fields but also in downstream projects.India invited…

Current News

Kuok in Compulsory Takeover of Remaining POSH Shares

Kuok in Compulsory Takeover of Remaining POSH Shares

Fugro Takes Part in Cambodia's First Oil Development

Fugro Takes Part in Cambodia's First Oil Development

Bumi Armada Might Appeal Woodside FPSO Case Ruling

Bumi Armada Might Appeal Woodside FPSO Case Ruling

OMV Hires Solstad PSV for New Zealand Campaign

OMV Hires Solstad PSV for New Zealand Campaign

Shearwater Scores More Seismic Work in India

Shearwater Scores More Seismic Work in India

Iran Goes Solo at South Pars Field as Total, CNPC Pull Out

Iran Goes Solo at South Pars Field as Total, CNPC Pull Out

Pacific Radiance Eyeing New Loan Source

Pacific Radiance Eyeing New Loan Source

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week