Having achieved financial close, Egyptian Refining Company (ERC) are to begin developments on a US$3.7 billion Greenfield petroleum refining upgrade project
Technology
Subsea 7 fleet gains a new high-spec vessel
One of the leading offshore engineering and construction companies, Subsea 7, has seen the addition of a specially designed jack-up accommodation and crane barge to its fleet
Schlumberger launches new marine seismic technology
Schlumberger has launched a marine isometric seismic technology, which it has claimed can provide the first true 3D wavefield measurement and more accurate images of subsurface features than rival technologies
Aker Solutions wins Total subsea contract
Total E&P Angola has awarded Aker Solutions a NOK 470 million (US$81.6 million) contract to deliver seven new subsea tree systems to the Dalia field Offshore Angola
Shell to invest US$4 billion in Nigerian improvements
Royal Dutch Shell chief executive officer Peter Voser has said that the Anglo-Dutch oil giant would invest a further US$4 billion in improving efficiencies at its onshore Nigeria operations