Tag: oil

McDermott Caspian Contractors Inc., the Caspian arm of J. Ray McDermott SA, a subsidiary of McDermott International Inc., has signed contracts with AIOC for the fabrication of platform topsides and the installation of offshore pipelines in Phase 1 of the development of the Azeri, Chirag and deepwater portion of the Gunashli (ACG) fields in the Azerbaijan sector of the Caspian Sea.

Chevron Corp and Nigeria will sign the first oil production accord for Nigeria's new deepsea oil blocks central to the country's plan to boost crude oil ouput and reserves.

PDVSA is set to begin offshore oil exploration near Venezuela's border with Trinidad and Tobago.

State-owned Saudi Aramco has awarded US oilfield services firm Halliburton Co. a USD 140 million contract to help develop a main oilfield.

Fluor Corporation and AMEC have announced that their Fluor Daniel/AMEC alliance (AFD) has been named by Hyundai Heavy Industries of South Korea as its subcontractor to design and manage a major portion of what will be the world's largest deepwater crude oil production facility.

Murphy Oil Corp. will spend more than USD 160 million in oil exploration and development in Malaysia in 2002.

Vietnam's government has approved a feasibility study by the state oil monopoly Petrovietnam to build a USD 384.51 million power plant using gas from a southern block shared with Malaysia.

Russian-Belarus oil firm Slavneft has signed a joint venture deal to develop an oilfield in Sudan and was now waiting for a production sharing agreement.

Russia's sixth largest oil producer OAO Sibneft will take part in a tender to develop four large oil fields in North Kuwait, Sibneft's spokesman said.

Cuba is planning to begin exploration for oil in its waters in the Gulf of Mexico in August, it was reported.