Daily Archives: December 17, 2015

MARKET WATCH: NYMEX oil price drops again in volatile trading

Rate this article Light, sweet crude prices for January dropped more than $1.80 to settle at $35.52/bbl on the New York market Dec. 16 as the dollar strengthened after the US Federal Reserve confirmed it would raise interest rates as had been expected. Read Full Article Here For more great articles: Oil & Gas Journal…

Total elects chairman and CEO

Rate this article The Total board of directors has elected Patrick Pouyanné as chairman and CEO, after its decision to recombine the two roles. Read Full Article Here For more great articles: Offshore RSS Feed

Noble to make Leviathan FID in late 2016

Rate this article By Offshore Energy Today U.S. independent oil and gas company Noble Energy has moved a step closer to the development of the giant gas find in the Mediterranean – the Leviathan – after Israel’s government made a move to implement the natural gas framework. According to Noble Energy, which runs the field…

VIDEO: Shell’s Prelude FLNG nears completion

Rate this article By -Offshore Energy Today- The Anglo-Dutch oil and gas major Shell recently shared a video tracking the 2015 progress of the company’s first ever FLNG project, Prelude, that will be located offshore Western Australia. The video covers the installation of the last giant topside module in South Korea, through subsea equipment installation…

Novatek, China’s Silk Road Fund ink Yamal LNG deals

Rate this article By LNG World News Russia’s Novatek said on Thursday it has signed definitive agreements for the sale of a 9.9% equity stake in the $27 billion Yamal LNG project to China’s Silk Road Fund (SRF). The two companies also inked a deal under which SRF will provide a 15-year loan to Novatek…

Wood Group wins more Browse FLNG work

Rate this article By LNG World News Wood Group said on Thursday it has been awarded a front-end engineering and design (FEED) contract for the Woodside-operated Browse FLNG project from Shell. Under the new twelve-month contract Wood Group Kenny (WKG) will carry out flow assurance and process integration studies for the proposed development’s three offshore…

KCA Deutag wins BP contracts worth up to $1 billion

Rate this article By Offshore Energy Today A drilling and engineering contractor, KCA Deutag has secured two contracts with BP in Azerbaijan. These contracts have a combined value of approximately $360m for the initial contract or $1bn including all options. The first contract has been awarded to KCA Deutag’s offshore division and is for the…