Image - Foster Wheeler Enters into Collaboration Agreement with ZeoGas

Foster Wheeler Enters into Collaboration Agreement with ZeoGas

Foster Wheeler AG (NASDAQ:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has entered into a Collaboration Agreement with ZeoGas LLC. In the first instance, Foster Wheeler will support ZeoGas’ final site selection and project planning towards the development of ZeoGas’ first fuels manufacturing plant, to be located on the US Gulf Coast. The terms of the agreement were not disclosed, and the contract val...

Oil and Gas - Sep 18, 2014


Image - Eni:  significant oil discovery in Ecuador

Eni: significant oil discovery in Ecuador

Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 kilometers southeast of Quito. Early estimates suggest that the Oglan discovery potentially contains about 300 million barrels of oil in place. The well, drilled to a total depth of 6,450 feet, encountered a 236 foot net crude oil column (16° API). During a production test, constrained by surface facilities, the well fl...

Oil and Gas - Sep 18, 2014


Image - GE Oil & Gas Awarded Over $300 M Subsea Equipment Contract

GE Oil & Gas Awarded Over $300 M Subsea Equipment Contract

GE Oil & Gas (NYSE: GE) today announced a more than $300 million contract with Petrobras for the first supply of the subsea manifold systems for Brazil’s pre-salt fields, located offshore in water depths up to 6,500 feet (2,000 meters). This award includes eight manifolds that will be designed with retrievable injection modules to allow water-alternated gas injection for up to four wells, and system integration with subsea controls. “This c...

Oil and Gas - Sep 18, 2014