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THE COSTS OF building and operating upstream oil and gas facilities, which fell drastically in Q1 2009 after a prolonged period of escalation, appear to be bottoming out according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).

p>THE COSTS OF building and operating upstream oil and gas facilities, which fell drastically in Q1 2009 after a prolonged period of escalation, appear to be bottoming out according to two cost indexes developed by IHS Cambridge Energy Research Associates (IHS CERA).

EGYPT GENERAL PETOLEUM Corp (EGPC) is trying to secure a US$2bn debt-financing deal, extending over 58 months and to be used for export finance, from the private sector.

p>EGYPT GENERAL PETOLEUM Corp (EGPC) is trying to secure a US$2bn debt-financing deal, extending over 58 months and to be used for export finance, from the private sector.

DOF SUBSEA UK has been awarded a contract worth around US$7.4mn by Technip for the provision of a light construction vessel.

p>DOF SUBSEA UK has been awarded a contract worth around US$7.4mn by Technip for the provision of a light construction vessel.

EMERSON PROCESS MANAGEMENT has entered into a five-year Global Framework Agreement (GFA) with Shell to serve as a Main Automation Contractor (MAC) on future capital projects globally. 

p>EMERSON PROCESS MANAGEMENT has entered into a five-year Global Framework Agreement (GFA) with Shell to serve as a Main Automation Contractor (MAC) on future capital projects globally. 

AT THE SPECIAL meeting of OPEC energy ministers on 22 December it was decided to make no change in crude oil production quotas, given the precarious state of economic recovery around the world.

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Communications Africa
OWI WA 2026