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 – General Interest
Petrobras has extended the charter contracts of three Wilson Sons Ultratug Offshore platform supply vessels. Read Full Article Here For more great articles: Offshore RSS Feed
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
An award-winning UK specialist oil and gas industry fire safety protection company has reached the finals of prestigious business awards in recognition of its commitment to work in the oil and gas industry. Read Full Article Here For more great articles: Offshore Technology
By Offshore Energy Today U.S. oil company Anadarko will speed up the development of the Heidelberg oil field, located in the U.S. Gulf of Mexico. In an update on Thursday, Anadarko said that the project, being developed with a spar platform, was well ahead of schedule. According to the company, the Heidelberg field is Read…
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 with Israel’s Read…
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 on the Read…
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 worth about 730…
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 gas-condensate fields Read…
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 operations and Read…