Energy Business

Saipem wins two new $1.3bn Kuwait Al-Zour Refinery Construction contracts

Saipem wins two new $1.3bn Kuwait Al-Zour Refinery Construction contracts. Saipem has been awarded Kuwait National Petroleum Corporation’s (KNPC) contracts worth $1.3bn for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP), located 90 km south of Kuwait City. Al-Zour NRP will be one of the largest oil-refining plants in the world, […]

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Schlumberger acquires US-Based Novatek inc.

Schlumberger acquires US-Based Novatek inc. Schlumberger announced its takeover of US-based Novatek Inc. and Novatek IP, LLC. that will provide a new platform to improve drilling performance to the growing oil services giant’s portfolio. Schlumberger’s StingBlade. Image from Schlumberger. Schlumberger and Novatek already have a cooperative relationship that created Schlumberger’s StingBlade conical diamond element bit,

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Panoro Energy discovers Hydrocarbon in Nigeria

Panoro Energy discovers Hydrocarbon in Nigeria as reported by Oedigital Panoro Energy hit hydrocarbon pay at the Aje-5 production well on the OML 113 license, offshore Nigeria. Aje is an offshore field located in the western part of Nigeria in the Dahomey basin close to the border with Benin. The field is situated in water

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Funding creative as Independent Oil and Gas pursues ‘contractor led’ funding

This is assumed a creative dimension in funding operational actives as independent oil and gas pursues contractors-led funding. Independent Oil and Gas (LON:IOG) has secured extensions to a number of key agreements which allows it to pursue a new ‘contractor led’ funding approach for its North Sea field development plans. The company has told investors

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