Stay up to date with the latest news and updates from the oil industry.
At a recent meeting, Vladimir Putin, unveiled a new set of rules for offshore development in Russian territory as well as long awaited tax breaks that look set to make formally economically unviable projects possible.
North West Shelf LNG seller shave extended an existing supply deal with Kyushu Electric for an additional six years until 2023.
The UN Security Council has voiced a demand for an “immediate and unconditional” end to the violent conflict that has erupted between Sudan and South Sudan.
The SuperMajor Shell has reported that an oil sheen discovered near two of its platforms in the Gulf of Mexico had dissipated and was “very confident” that its operations had nothing to do with the incident.
Aker Solutions has won a contract from Bapetco to supply surface wellhead equipment for its operations in Egypt’s Western desert.
In the most recent escalation of violence between Sudan and South Sudan, the disputed border town of Heglig and the surrounding oilfield were captured by South Sudanese forces causing international alarm.
Technip has won a contract worth € 245 million for the development for the Wheatstone and Iago fields, which will provide gas for the Wheatstone LNG project.
China National Offshore Oil Corp. has signed a production sharing agreement (PSC) with the Italian company Eni China B.V.
BHP Billiton has announced the closure of the Norwich Park metallurgical coal mine, part of its BMA joint venture with Mitsubishi Corp., after a seven week review of the mine’s viability.
Tsakos Energy Navigation Limited (TEN) has ordered a state-of –the –art LNG carrier for delivery Q1 2015 from a major South Korean yard. The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers.
South Sudanese troops appear to have captured the town of Heglig and the surrounding oilfield from its northern neighbour. Sudan has vowed to use “all legitimate means” to return the town to its possession.
Kosmos Energy has signed three Production Sharing Contracts (PSCs) with the Government of Mauritania for Blocks C8, C12, and C13 offshore Mauritania.