Siemens plans to expand its presence in the important growth market Brazil – setting the course for sustainable long-term growth in the country. The company intends to invest up to 1$ billion over the next five years with the aim of strengthening and expanding its business in Brazil. Investment will span the entire Siemens portfolio [...]
![Mexico: Pemex Earmarks USD 1 Billion for Perdido Exploration]()
Mexican state oil company Pemex’s E&P subsidiary PEP will spend US$1bn in 2012 for the exploration of the Perdido fold belt in the Gulf of M… By David Biller (Business News Americas) Source:BNAmericas , October 18, 2011;
![UK: Maersk Approves USD 1 Billion Investment for Golden Eagle Development Plan]()
Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the Golden Eagle Area in the UK North Sea. Maersk Oil has a non-operated interest in the fields of 31.56% and its estimated share of reserves is expected to [...]
![Italy-Based Saipem Bags New E&C Offshore Contracts Worth USD 1 Billion]()
Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. In Egypt, Burullus Gas Company awarded Saipem the EPIC contract for new subsea developments in the area of the West Delta Deep Marine Concession, located about 90 kilometres offshore the Northwest Nile [...]
June 13, 2011 | Posted in
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![Saipem Wins E&C Offshore Contracts Worth USD 1 Billion in China and Brazil]()
Saipem has been awarded new E&C Offshore contracts worth in excess of $1 billion in China and Brazil. The offshore activities for both the contracts will be performed mainly by the newly-built and highly-specialized Saipem FDS 2 vessel, in different periods between 2012 and 2013. In China, Husky Oil China Ltd awarded Saipem the contract [...]
May 3, 2011 | Posted in
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![Premier Oil Vietnam Enters USD 1 Billion Charter Contract for FPSO Lewek Emas]()
EMAS Production is set to take delivery of one of Vietnam’s largest Floating Production Storage and Offloading (FPSO) vessels from Keppel Shipyard Limited (Keppel Shipyard), on behalf of owner PV Keez Pte. Ltd (PV Keez). To be managed and operated by EMAS Production, FPSO Lewek EMAS has been chartered by Premier Oil Vietnam Offshore [...]
April 15, 2011 | Posted in
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![Pemex to Splash USD 1 Billion to Increase Oil Output from its Gulf of Mexico Assets]()
State-owned Petroleos Mexicanos said Wednesday it plans to invest almost $1 billion over five years to boost heavy and extra-heavy crude … Source: Latin American Herald Tribune Source:laht , April 7, 2011;
