Tag: oil and gas
GE Oil & Gas sets sights on Indonesia
GE Oil & Gas Indonesia, a subsidiary of GE Oil & Gas aims to supply the components needed for the development of a liquefied natural gas (LNG) plant at the gas-rich Masela block in eastern Indonesia’s Arafura Sea.
Alberta receives funding for oil & gas services
The Petroleum Services Association of Canada (PSAC) has announced that the federal government will provide a one-time payment of CAD $30 million to the Government of Alberta to support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.
Venture Global LNG to use GE Oil & Gas technology
Venture Global LNG, whose headquarters are located in Washington, has signed an agreement with GE Oil & Gas for providing a plant-wide technology solution for its liquefied natural gas (LNG) export facilities currently under development in Louisiana.
BP increases its oil and gas reserves
BP, whose US headquarters are located in Florida, has agreed to buy stakes in gas-heavy exploration areas off the coast of Mauritania and Senegal from Kosmos, a Dallas-based energy company, days after announcing the long-awaited renewal of an onshore oil concession in Abu Dhabi.
Oil & gas exploration opportunities for Quebec
Quebec’s legislature passed a bill that will pave the way for more oil and gas exploration, providing a boost to drillers.
Japan continues acquisition of US oil & gas assets
Japanese trading group Mitsui & Co., Ltd recently stated that it had reached a deal with Royal Dutch Shell to buy a 20 percent working interest in four blocks in the Gulf of Mexico owned by a Shell subsidiary.
Oil & gas robotics firm establishes Houston office
Diakont, a Russia-based global designer and manufacturer of robotic technology for oil and gas pipelines and storage, has established its first North American regional office in Houston.
Rotork reports improvements in oil & gas market
Gas and liquid flow control valve manufacturer Rotork recently stated it was seeing signs of improvement in oil and gas markets.
More oil & gas production expected for New Mexico
A Texas-based oil and gas company has reached a USD $430 million deal that will clear the way for more production in southeastern New Mexico.
Shell sells $1.3 B of Canadian oil & gas assets
Royal Dutch Shell Plc recently announced it is selling USD $1.3 billion worth of non-core oil and gas properties in western Canada.