Protecting your business from another Libya
How can companies protect their workers in the event of the collapse of governance and civil authority in the countries where it operates?
Stay up to date with the latest news and updates from the oil industry.
How can companies protect their workers in the event of the collapse of governance and civil authority in the countries where it operates?
It could take 9 months to a year for oil production to be fully restored according to the rebel government of Libya, but all existing contracts will be honoured.
Pivotal LNG, a subsidiary of AGL Resources Inc., has signed an agreement with Encana Natural Gas Inc., to supply LNG that Encana plans to offer to service providers operating fleet trucks in the Haynesville area of Louisiana.
Kosmos Energy has announced a light oil discovery at the Akasa-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana. The well penetrated 33 m (108 ft) of oil-bearing pay in four good-quality Turonian–aged sand packages.
Woodside Petroleum has been awarded AU 1.5 million in compensation by a Federal Court over an illegal strike at its Pluto LNG site back in December 2009, which was actively encouraged by the Construction Forestry Mining and Energy Union (CFMEU).
Shell announced yesterday that Shell divers had successfully closed the relief valve from which oil had been seeping on Friday August 19th. The company also defended its safety record, which has come under attack since the incident.
South Africa’s cabinet has voted to extend the moratorium on shale gas ’fracking’ for another six months until further studies can be conducted.
Anadarko has discovered significant gas reserves in the Barquentine complex offshore Mozambique, the company plans to use the reserves as feed-gas for an LNG facility.
Oil prices have fallen sharply after news came out that rebel forces were close to victory in Tripoli, the capital of Libya. The rebels reached the city yesterday and have reportedly taken control of four fifths of the capital.
Arrow LNG, owned by Petrochina and Shell has made an offer of AU$ 520 million (US$ 543 million) to acquire the gas explorer Bow Energy.
Petrofac has been declared the selected bidder on two integrated services contracts by PEMEX. The contracts cover the development of the Magallanes and Santuario blocks in Tabasco State, central Mexico.
The Ultra-deepwater drilling ship Pacific Mistral, owned by Pacific drilling S.A., has been contracted to Petrobras for three years for drilling operations offshore Brazil.