According to a Reuters report, Hyundai “won the deal after offering discounts,” though an earlier Reuters report from August 16 said Petrofrac was the frontrunner in bidding for this project. Hyundai plans to complete the contract by November 26, 2019.
Uthmaniyah, with a processing capacity of 70.8 mcm (2.5 bcf) per day, is one of the units at Ghawar, the biggest onshore oilfield in the world. The upgrade aims to recover ethane, propane and other natural gas liquids.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
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