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Ichthys LNG project contracts bagged by McDermott, BHGE

Ichthys LNG project contracts bagged by McDermott, BHGE

Ichthys LNG project : McDermott International and GE’s subsidiary Baker Hughes have secured contracts for the INPEX-operated Ichthys Liquefied Natural Gas (LNG) field development, located off the northwest coast of Western Australia. The contracts have been awarded to provide joint umbilicals, risers, and flowlines (URF) and subsea production system (SPS) solution for the Ichthys gas […]

Occidental Petroleum, Ecopetrol to develop Midland Basin properties

Occidental Petroleum, Ecopetrol to develop Midland Basin properties

Occidental Petroleum and Ecopetrol have announced the formation of a joint venture to develop Midland Basin properties in the Permian Basin. The joint venture will speed up the development of 97,000 net acres of Occidental’s properties in the Midland Basin. To acquire a 49% stake in the joint venture, Ecopetrol will pay $750m in cash […]

Shell takes investment decision on PowerNap deepwater project

Shell takes investment decision on PowerNap deepwater project

British-Dutch oil and gas firm Royal Dutch Shell has taken the final investment decision on the PowerNap deepwater project in the US Gulf of Mexico. Discovered by Shell in 2014, the PowerNap field is located in the south-central Mississippi Canyon area, approximately 240km from New Orleans. Expected to begin production in late 2021, PowerNap will […]

Petronas, Japan’s JXTG Holdings in race to buy stake in Bina Refinery

Petronas, Japan’s JXTG Holdings in race to buy stake in Bina Refinery

Malaysian oil and gas major Petronas and Japan’s JXTG Holdings are reportedly looking to acquire a stake in India’s Bina Refinery. Located at Bina in the state of Madhya Pradesh, the refinery has a crude oil processing capacity of 156,000 barrels per day (bpd). The Indian oil refinery, which was commissioned in June 2011, is […]

Whiting Petroleum slashes 254 jobs in restructuring move

Whiting Petroleum slashes 254 jobs in restructuring move

Whiting Petroleum, a Delaware oil and gas company, announced that it would slash its workforce by 33%, or 254 positions in a restructuring move, as per news on oil and gas jobs in Delaware. Of the total job cuts, 94 positions are executive and corporate positions. Whiting Petroleum expects to record $50 million of annual […]