UK North Sea

Ineos to restore UK Grangemouth ethylene capacity with US shale gas

Consol and Range to supply shale gas to Ineos cracker The US-based junior companies Consol Energy Inc. (Consol) and Range Resources Corporation (RRC or Range Resources)  signed long term agreements with the Swiss registered petrochemical company Ineos Group AG (Ineos)  to import shale gas from the USA to supply its ethylene cracker at Grangemouth complex in …

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GDF-Suez to gear up on UK North Sea Austen Oil and Gas field

E.ON to acquire stake in GDF-Suez Austen (ex Jacqui) On May 30th 2013, the German-based E.ON signed an agreement with the French GDF-Suez to take 25% stake in the Austen discovery in the Central UK North Sea. Until then, GDF-Suez was the solely owner of the working interests in Austen. After the transaction, GDF-Suez will hold 75% …

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AMEC in brief

Shaping the Future AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907. In 1992, AGRA took over MEC to create AMEC. Today, AMEC  is listed in London Stock Exchange and is building up its market leadership in focusing on engineering services …

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Statoil awards Bressay Jacket FEED to SNC Lavalin

Statoil awards on time Mariner and Bressay FEEDs Statoil awards Front End Engineering and Design (FEED) contracts to develop the $9.6 billion capital expenditure Mariner and Bressay according to plan. Mariner and Bressay are very similar projects to produce ultra heavy crude oil,  offshore on the North Sea shallow water of the UK Continental Shelf (UKCS) but with different working interests. In Mariner:  – Statoil owns 61.5% …

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Dana selects Cosco for $1.5 billion UK Western Isles FPSO

Cosco to build Sevan-designed cylindrical Dana FPSO The UK-based Dana Petroleum (Dana), a subsidiary of the Korea National Oil Corp (KNOC), and its partner Cieco (Itochu Oil Exploration Corp. LTd), awarded to the Chinese Cosco Shipyard Group (Cosco) the engineering, procurement and construction (EPC) contract for its Western Isles Floating Production Storage and Offloading (FPSO) unit. …

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CNOOC and Sinopec to pump $20 billion in upstream acquisitions

CNOOC and Sinopec target Nexen and Talisman assets July 23rd 2012, the Chinese CNOOC Ltd (CNOOC) announced to have signed an Arrangement Agreement with Nexen for the acquisition of the Nexen shares listed in Toronto and New York Stock Exchanges. The aggregate value of the proposed acquisition is approximately $15.1 billion on the top of which …

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Statoil $9.6 billion Mariner & Bressay mobilizes EPC bidders

Mariner is the first field to be developed from the $9.6 billion capital expenditure Mariner & Bressay project located in the UK North Sea Because the offshore ultra heavy crude oil is one of the most challenging exploration & production of the Oil&Gas sector, Statoil decided to proceed step by step. Mariner will go first and Bressay will follow one …

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