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KBC and OLI Systems Announce Predictive Software Solution to Mitigate $65bn/year Corrosion and Scaling Problems Across the Oil and Gas Industry
KBC (A Yokogawa Company) is extending its Petro-SIM® simulation capabilities through its partnership with OLI Systems, the leader in electrolyte...
KBC Forms Strategic Partnership With OLI Systems
KBC, the business improvement company for the energy and chemical industry, announced a collaboration with OLI Systems to deliver an...
Oil & gas field profile: Schoonebeek(Olie) Conventional Oil Field, Netherlands
Schoonebeek(Olie) is a producing conventional oil field located onshore Netherlands and is operated by Nederlandse Aardolie Maatschappij. According to GlobalData,...
Maasvlakte Olie Liquids Storage Terminal, Netherlands
Maasvlakte Olie Terminal operates the Maasvlakte Olie liquids storage terminal, which is located in South Holland in Netherlands. This liquids...
DEA approves Noreco’s acquisition of Shell’s Danish assets for $1.9bn
Danish Energy Agency (DEA) has approved Norwegian Energy Company (Noreco)'s proposed acquisition of Shell’s Danish upstream assets for $1.9bn. Under...
Report: Global upstream M&A activity totals $9.4bn in August 2017
The global upstream market witnessed 42 mergers and acquisition (M&A) transactions worth $9.4bn in August 2017, according to a report by GlobalData.
FoundOcean Completes Offshore Projects
FoundOcean, the subsea and offshore cementing specialist for the global energy construction industries, has successfully completed five FMD projects, and...
Report: North Sea to have 32 gas projects in operation by 2025
A total of 32 crude and natural gas projects in the North Sea are scheduled to come online by 2025, according to a report by GlobalData.
Aramco Overseas to acquire stake in Rotterdam terminal
Saudi Aramco’s subsidiary Aramco Overseas Company (AOC) has signed an arrangement to acquire physical commodities trading house Gunvor Group’s stake...
Over $58.5bn will be spent on North Sea’s upstream capex over next three years
GlobalData expects that an average capex of $19.5bn per year would be spent on 568 oil and gas fields in North Sea between 2018 and 2020.
Shell sells upstream assets on the Danish seashore
Shell, through its affiliate Shell Overseas, has signed a deal to sell its shares in Danish upstream assets to Norwegian Energy Company (Noreco), in a transaction valued at $1.9bn.
Report: UK to lead crude and gas projects in North Sea by 2025
The North Sea region is expected to see 36 crude and natural gas projects start by 2025, of which UK has the highest number of planned projects in the region at 25, according to new analysis from GlobalData.
Deals this week: Teekay Offshore Partners, Shell, Aker Solutions
Teekay Offshore Partners has awarded a $166m engineering, procurement and construction (EPC) contract to Sembcorp Marine Rigs & Floaters for the modification and repair of the Petrojarl Varg floating production storage and offloading (FPSO) vessel.
South Lokichar Development
The South Lokichar basin comprises the 10BB and 13T blocks located in Turkana County in the north-western part of Kenya....
May's top news stories
Tanzania expects to start $30bn LNG project construction in 2022 Tanzania announced plans for a consortium of oil companies to...
Countries working towards ending oil exploration
In May, New Zealand announced plans to ban the award of new oil and gas exploration licences in an effort to combat climate change and promote the development of green energy sources. Offshore-technology looks at measures currently being taken by countries around the world to curb the pursuit of fossil fuels.