KBR and SOCAR, through their joint venture SOCAR-KBR, have been awarded two contracts by BP in Azerbaijan - one to support the Sangachal Terminal Electrification (STEL) project, Azerbaijan’s largest oil and gas reception terminal, and another for the Shah Deniz compression (SDC) gas field project.Under the terms of the contracts, SOCAR-KBR will provide detailed engineering design solutions and procurement services for both the projects…
At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…
BP said on Thursday that contaminants were detected in some of the oil tanks at Turkey's BTC Ceyhan terminal following assessment of the facilities, adding that oil loadings continued from other reservoirs.The reports about Azeri BTC oil being…
Worley has secured a contract by German state-owned Deutsche Energy Terminal (DET) for Phase 2 of the Brunsbüttel Floating Storage Regasification Unit (FSRU) terminal in Brunsbüttel, Germany.Under the contract, Worley will provide construction…
Greece signed a deal with the European Commission and the European Investment Bank (EIB) on Thursday to set up a fund that will help its tourism-reliant islands wean off fossil fuel and reduce power costs, the Greek government said.Greek Prime…
ICTSI has officially opened its East Java Multipurpose Terminal (EJMT) in Lamongan Regency, Indonesia.The terminal has a 300-meter quay line, deep water draft of 13.5 meters (LAT), a 500-meter swinging basin and handling equipment for bulk, project and containerized cargo…
Heavy lift and transport services firm Mammoet has launched the SK6000 land-based crane, said to be the world’s strongest, capable of handling large offshore wind components and delivering reduced integration times to offshore oil and gas projects…
As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia.In April, Enterprise Products Partners' SPOT became the first project to receive a license from the U…
One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one…
