INEOS Grangemouth has announced further planned investment of over £1bn towards reducing greenhouse gas emissions at its site to net zero by 2045, building on the 37% reduction in net CO2 emissions already delivered since acquiring the site in 2005. INEOS has already committed over £500m spend on projects which are approved and currently being implemented […]

Wärtsilä and Gabon Power Company (GPC) have signed a concession agreement with the Government of Gabon to develop, build, operate and maintain a 120MW gas power plant. It will be located at the industrial site of Owendo, close to Libreville, the capital of Gabon. Wärtsilä will lead the project with GPC, a subsidiary of the […]

BP Trinidad and Tobago has confirmed its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic.    Matapal is bpTT’s second subsea development. It’s comprised of three wells, which tie back into the existing Juniper platform, helping […]

Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals. “After reviewing multiple strategies […]

Africa Oil Corp. absolved additional two key staff members to its management team in a strategy to strengthen its operational position as a global player in deepwater oilfield expertise. Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana The […]

LUKOIL brought into operation the largest digital model of an oil field in Russia. Creation of this complex integrated model of the Vatyeganskoye field is a part of LUKOIL’s Intelligent Field project. This one-of-a-kind project (in terms of both scale and difficulty) envisages creation of digital twins of over 3 thousand wells and 12 production zones. It […]

SBM Offshore has  completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which is the largest project financing in the Company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and SACE S.p.A. A letter of intent was received from China Export & Credit Insurance Corporation […]

Africa’s richest man Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside of Nigeria’s commercial centre Lagos, sources with knowledge of the matter said, although his company denied the discussions. The 650,000 barrel-per-day refinery, once complete, will be the continent’s largest plant and […]

Employers in the UK are becoming increasingly aware of the challenges of seeking to enforce double vaccination status for staff as they navigate their way through the pandemic and subsequent “pingdemic” which is causing widespread disruption. Currently, double vaccination status is only compulsory for employees who work in care homes (with effect from 11 November […]

TGS a provider scientific data and intelligence to companies has announced commencement of a new seismic survey in the MSGBC Basin, offshore Mauritania, adding to the successes of the North-West Africa Atlantic Margin (NWAAM) 2D campaign. The survey, NWAAM 2021, will comprise 7,500 kilometers of seismic data, with a modern broadband acquisition set-up. The project […]