Africa’s largest economy Nigeria will require $12 billion to address the long-standing oil spills in southern Bayelsa state over a 12-year period, global newswire Reuters said, quoting a new report which specifically holds Shell and Eni accountable for the majority of the pollution. Bayelsa, a major oil-producing state in the Niger Delta, has been plagued […]
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QatarEnergy awards $10 billion EPC contract for LNG megaproject
QatarEnergy has announced the award of a $10 billion contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC). The NFS project comprises of two LNG mega trains with a combined capacity of 16 million tons per annum (mtpa). NFS, together with the North Field […]
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Middle East oil producers and cybersecurity: Too big to fail?
Once dominating global headlines, cyber-attacks on oil majors across the GCC became less common in recent years, but not because hacker attacks became less. An agile, diversified investment into cyber defence is key to keeping e-viruses and trojan horses out. The “Masque of the Red Death” by American writer Edgar Allan Poe describes the desperate […]
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Singapore receives QatarEnergy’s landmark cargo
Singapore’s Pavilion Energy has received its inaugural liquefied natural gas (LNG) shipment from Qatar accompanied by a Statement of Greenhouse Gas Emissions (SGE) at the Singapore LNG terminal. The cargo was supplied by QatarEnergy, and SGE serves as an authenticated record of the greenhouse gas emissions generated throughout the entire process of extracting and transporting […]
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Iraq set to launch $8.5 billion giant petrochemicals project
Iraq is set to launch the Nibras project in the coming days, according to the project’s manager, Hussein Ali. The project, a joint venture with Royal Dutch Shell, involves the construction of the largest petrochemical plant in the region at a cost of almost $8.5 billion, Zawya Projects reported. The petrochemical plant, based in Basra, […]
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Samsung Engineering signs deal for modular projects
Korean engineering major Samsung Engineering, and integrated energy firm OMV, have announced the signing of an MoU to jointly develop sustainable projects based on modularization. The MoU was signed at the OMV headquarters in Vienna, Austria, by Martijn van Koten, an executive board member of OMV and EVP Fuels & Feedstock, and Hong Namkoong, president and […]
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Tanzania says LNG megaproject to cost $42 billion
Tanzania says the cost of developing its liquefied natural gas (LNG) project is $42 billion after the recent technical analysis, the East African reported. The country isn planning to sign the host government agreement next month and embark on the front-end engineering design of what will become the largest energy project in eastern and southern […]
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