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A consortium of a subsidiary of McDermott International and Sinopec International Petroleum Service Corporation has received a conditional letter of award .
Worley (ASX: WOR) has been awarded a two year contract to provide engineering and procurement services for Stage 2 of Ithaca Energy s Captain Enhanced Oil Recovery project in the central North Sea.
Worley (ASX: WOR) announced Tuesday that it has been awarded a two year contract to provide engineering and procurement services for Stage 2 of Ithaca Energy’s Captain Enhanced Oil Recovery (EOR) project in the central North Sea.
As part of the contract, Worley said it will complete the engineering design and procurement of equipment packages to enable increased oil recovery and extend the production of the Captain field. The deal will secure work for more than 60 onshore personnel, Worley noted, adding that work will be led by its Aberdeen office and supported by its global integrated delivery team in Hyderabad, India.
Project Reconciliation, a Canadian indigenous group seeking a stake in the Trans Mountain oil pipeline, is now aiming for a path to full ownership, the group s new chairman said.
(Bloomberg) Project Reconciliation, a Canadian indigenous group seeking a stake in the Trans Mountain oil pipeline, is now aiming for a path to full ownership, the group’s new chairman said.
“We are hopeful that we can get our position across,” Robert Morin, the group’s new chairman, said in a phone interview. The group has said it has funding lined up for the purchase, without revealing any lender.
Canada’s federal government bought Trans Mountain from Kinder Morgan Inc. for C$4.5 billion ($3.7 billion) in 2018 after the company threatened to scrap the line’s expansion amid fierce environmental opposition. Alberta’s oil sands industry badly needs more conduits to export its crude, and many hope that indigenous participation would help quell objections to the project.
Ovintiv Inc. reported Tuesday that its CEO, Doug Suttles, will retire later this year.
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) reported Tuesday that its CEO, Doug Suttles, will retire effective August 1, 2021.
The Denver-based firm added that its current president, Brendan McCracken, will succeed Suttles on that date and add CEO to his title.
“Under his leadership, Ovintiv was transformed into a leading North American resource play company,” Ovintiv Board Chair Peter Dea said in a written statement regarding Suttles’ pending retirement. “Our company performance is very strong, which makes the timing for this transition ideal.”
Dea also noted that Ovintiv’s board unanimously elected McCracken to become the company’s next CEO.