BP and CNPC sign shale gas contract
BP and China National Petroleum Corporation (CNPC) have signed a production sharing contract (PSC) for shale gas.
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BP and China National Petroleum Corporation (CNPC) have signed a production sharing contract (PSC) for shale gas.
The contract, which covers seven of Statoil’s drilling platforms will run to October 2018.
Archer is to provide complete drilling operations services for the Statfjord A, B and C platforms and additionally exercises options to award these services for the Njord, Sleipner A, Snorre A and B, and Visund platforms.
Options have been exercised for 17 installations on the Norwegian continental shelf.
The discovery was made in the Karak Block, operated by Mari Petroleum Company Limited.
The platform is to provide utility and living quarters for Statoil personnel working on the Johan Sverdrup project.
BP and KPC will explore possible joint opportunities for cooperation in future oil, gas, trading and petrochemicals ventures.
US primary energy consumption totalled 98 quadrillion Btu in 2015, a 1% decrease compared with 2014.
The well will be drilled by the combined forces of Otto Energy and Byron Energy in the Gulf of Mexico.
The inaugural US Energy and Employment Report (USEER) provides a broad view of the national current energy employment landscape.
Northport Marine LLC will be the first client to receive delivery of the new concept vessel, scheduled for completion in Q1 2018.
Schlumberger Ltd and Cameron International Corp. have announced that Chinese Ministry of Commerce has cleared their proposed merger without any conditions.