Statoil awards contracts for two Johan Sverdrup jackets worth NOK 1 Billion The contract awarded to Kvaerner Verdal has a value of approximately NOK 1 billion and covers engineering, fabrication and construction of the steel jacket for the Johan Sverdrup offshore processing platform. Weighing 17,700 tonnes, the jacket will be constructed at the yard in…
Nigeria and Algeria May Face Further Oil Export Decline, Saudi Arabia and the UAE will withstand the pressure of sinking oil prices owing to strong non-oil sector performance The latest report from a global consulting firm, Frost & Sullivan has predicted that Nigeria and Algeria may face further decline in crude oil exports going by…
Encana sells Colorado assets to Broe Group partnership for $900M Encana Corp. agreed to sell oil and natural gas assets in Colorado to an entity 95-percent owned by Canada Pension Plan Investment Board for about $900 million. The Broe Group, a Denver-based conglomerate, in partnership with the Canada Pension Plan Investment Board plans to acquire…
Petrobras contracts Honeywell’s spectra fibre for new offshore oil and gas platforms Honeywell’s Spectra fibre has been selected by Brazil-based Petrobras to use in ropes at its new offshore oil and gas platforms. Rope maker Cortland will incorporate the high-performance fibre into its BOB 12×12 fibre rope, which will be used for the project as part of…