Sinopec to increases natural gas production to 40 Bcm by 2020

Sinopec to increases natural gas production to 40 Bcm by 2020 According to world Oil China Petroleum & Chemical Corp., one of the country’s state-run energy giants, plans to ride a wave of new gas discoveries to double annual output to 40 Bcm by 2020, as the country pushes to replace coal with the cleaner …

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KCA Deutag maintains drilling contracts for Statoil in its major platforms

KCA Deutag maintains drilling contracts for Statoil in its major platforms According to reports by Offshore Energy Today  that Statoil has extended a drilling services contract with KCA Deutag, the international drilling and engineering contractor has issued a separate statement, confirming the deal. KCA Deutag has said it has retained the drilling contract for seven of Statoil’s …

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BP and CNPC signs Production Sharing contract (PSC) for shale gas exploration

BP and CNPC signs Production Sharing contract (PSC) for shale gas exploration WSJ – BP PLC and state-owned China National Petroleum Corp. are set to announce plans for closer cooperation this week, just as global energy companies are reassessing their approach to one of the world’s largest oil consumers . The deal is expected to …

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Ezra and Chiyoda Signs Joint Venture Agreement

Ezra and Chiyoda Signs Joint Venture Agreement Singapore’s oilfield services provider Ezra Holdings has announced that Japanese oil and gas industry engineering company, Chiyoda Corporation, has completed its investment into Ezra’s subsea services business, Emas AMC, to form a 50:50 joint venture, Emas Chiyoda Subsea.  The duo entered into a joint venture deal in August 2015 saying that the …

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