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ADNOC to launch futures exchange for its Murban crude

ADNOC to launch futures exchange for its Murban crude

Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services. Abu Dhabi National Oil Company (ADNOC) announced on last Wedneday a significant investment. Agreement will focus on the sale of refined products from ADNOC to Rongsheng, downstream investment opportunities. It will launch a new exchange, ICE...

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ADNOC, LUKOIL sign cooperation agreement on UAE gas fields

ADNOC, LUKOIL sign cooperation agreement on UAE gas fields

ADNOC has awarded to a subsidiary of LUKOIL a 5% stake in the Ghasha ultra-sour gas concession. LUKOIL and Vladimir Region concluded an Agreement on Cooperation in the city of Vladimir. The Volgograd refinery a wholly-owned subsidiary company. LUKOIL got first place in the 2019 Environmental, Social and Governance (ESG) rating. Ghasha, Dalma and other...

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Targeting a $2 trillion valuation, Aramco readies IPO plan for October

Targeting a $2 trillion valuation, Aramco readies IPO plan for October

Saudi Aramco will kick off its much-anticipated initial public offering next month. Aramco’s Exploration admin area introduces an additional innovative approach. More than 600 upcoming Saudi Arabia construction projects worth $130 billion (SR500 billion) were presented. The oil giant recovers faster than expected from the biggest terror attacks in its history. A new collaboration between...

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Hess taps Petrofac to decommission four Central North Sea wells

Hess taps Petrofac to decommission four Central North Sea wells

Petrofac has been awarded a well plugging and abandonment contract with leading independent energy company. Petrofac facilities management has secured a contract to provide engineering. Petrofac’s Engineering & Production Services (EPS) business has been awarded a three-year Operations & Maintenance Support Services. Company hess Limited, a wholly owned subsidiary of Hess Corporation. The BorWin3 offshore...

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Aker wins umbilicals order for Dalma project in UAE

Aker wins umbilicals order for Dalma project in UAE

Aker Solutions has won an order from ADNOC to deliver subsea umbilicals for the Dalma gas development project. All proposals on the agenda were adopted. Multiphase subsea pumping technology has the potential to increase oil recovery. Aker Solutions helps the world meet its energy needs. The shares were acquired on the Oslo Stock Exchange. Following...

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ADNOC and Petramina expand partnership exploring new upstream, downstream opportunities

ADNOC and Petramina expand partnership exploring new upstream, downstream opportunities

The Abu Dhabi National Oil Company (ADNOC) signed a Comprehensive Strategic Framework. Abu Dhabi National Oil Company (ADNOC) met with Excellency Alexander Novak. The Korea National Oil Company (KNOC) and GS Energy one of ADNOC’s youngest operating companies. The discussions coincided with a joint visit to review the progress of the over US$ 30 billion....

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Inpex submits revised POD for Indonesia’s Abadi LNG project

Inpex submits revised POD for Indonesia’s Abadi LNG project

Inpex Corp. has announced that through its subsidiary Inpex Masela, Ltd. INPEX CORPORATION announced that it has signed a Heads of Agreement (HOA) with Indonesian authorities. Company also announced that it has formulated the INPEX Group Global Anti-Bribery. INPEX holds a participating interest in the ACG oil fields. It marks the second time that INPEX...

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CGG awarded contract for world’s largest OBN seismic project

CGG awarded contract for world’s largest OBN seismic project

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a landmark processing contract. Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a landmark processing contract by the Abu Dhabi National Oil Company. Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field....

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McDermott announces first cargo from Cameron LNG Train 1

McDermott announces first cargo from Cameron LNG Train 1

McDermott International has announced that the first cargo of liquefied natural gas (LNG) has been shipped. McDermott International reaffirmed its previously disclosed schedule. The technology award for MOL Petrochemicals complex in Tiszaújvaros, Hungary. Project scope includes subsea risers and flowlines for seven wells to a floating production. The technology award for Chennai Petroleum Corporation Limited...

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