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U.S. AECOM coordinates $8 bln Romanian nuclear reactor project

U.S. construction and engineering firm AECOM will lead an $8 billion project to add two reactors at Romania’s nuclear power plant on the river Danube and refurbish one of its existing units, Romania’s Economy Ministry said on Friday. Romanian Economy Minister Virgil Popescu and U.S. Energy Secretary Dan Brouillette signed a draft intergovernmental cooperation agreement in Washington on

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Myanmar-born entrepreneur grabs up over 87,000 acres of U.S. oil and gas leases

A Myanmar-born perfume entrepreneur and missionary has snapped up nearly half of the oil and gas leases offered by the Trump administration since August, saying the coronavirus pandemic created an opportunity to buy them cheaply. Levi Sap Nei Thang, who boasts a large social media following and said she is a Christian guided by meditation and prayer, spent

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Labor strike ends in Norway oil and gas fields

Norwegian oil firms have struck a wage bargain with labor union officials, ending a strike that had threatened to cut the country’s oil and gas output by close to 25% next week, negotiators for each side told Reuters on Friday. Six offshore fields shut on Monday and a further seven had been scheduled to follow in the coming

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Job Alert: Looking for 6th Generation Drillers in India

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Inspirit Capital buys energy business from Lloyd’s Register

Global professional services organization, Lloyd’s Register Group (LR), today announced that it has entered into a definitive agreement to sell its Energy business unit to Inspirit Capital, a London-based investment firm focused on building long-term value. The agreement follows a comprehensive review of LR’s business portfolio and strategic direction. The deal will create a new engineering and technical

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Stena picks up a new contract in the Mediterranean with Noble Energy

Stena Drilling are pleased to inform that we have signed a new contract with Noble Energy Mediterranean Ltd for a decommissioning campaign offshore Israel, plus a potential optional scope for Noble Energy International Ltd in Cyprus. StenaForth has been selected for this workscope and shall mobilize to offshore Israel between July and August 2021. There are four (4) wells to decommission and the work is estimated to take

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Chevron cuts 15% of workforce, employees are being asked to reapply for positions

Chevron Corp employees worldwide are being asked to reapply for positions as part of a cost-cutting program expected to eliminate up to 15% of its workforce, people familiar with the matter said. The No. 2 U.S. oil producer has begun taking steps to streamline its organization this year to reduce costs and revive declining profits. Oil companies have

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Trinity Energy to build $500 million refinery in South Sudan

Leading independent energy company Trinity Energy has announced that it will construct a $500 million oil refinery in South Sudan. Located in Paloch, Upper Nile state, the 40,000-barrel per day refinery will supply the East African region with refined petroleum by-products. U.S. firm Chemex will lead the construction of the refinery over the next three years and will also

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Exxon sat at the top for over a century, now Chevron takes over

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago. The reordering of the oil giants says more about Exxon than Chevron. The company has been struggling to generate enough cash to

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Brazilian drilling contractor Petroserv restructures

Tobias Cepelowicz and Roberto Jessourun are no longer heading the Ventura group (Petroserv). After almost five decades, the command of the rig and FPSOs company was transferred to Nelson Oliveira, executive of Geribá Investimentos, in the midst of a broad internal restructuring process, whose focus is to remedy the group’s financial situation. Source: PetroleoHoje

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