Smit Lamnalco has renewed its marine support services contract with oil major Shell in Gabon, in a deal that has triggered investment in three auxiliary vessel newbuildings.The five year contract renewal extends an uninterrupted relationship…
Schiehallion FPSOShell has acquired 5.9% of Murphy Schiehallion Limited's stake in the Schiehallion field west of Shetlands, the supermajor announced on 14 November 2012.Shell now holds 55% stake in Schiehallion field. The move will offer…
Holstein | Photo: SeatraxPlains Exploration takes reins on Gulf assets Plains Exploration and Production (PXP) has closed on $6.1 billion worth of Gulf of Mexico assets belonging to BP and Shell, the company announced on 30 November 2012…
FCX specializes in copper and gold miningFreeport enters energy sector with $9B merger Phoenix-based copper and gold mining company Freeport-McMoRan (FCX) has moved to acquire subsidiary McMoRan Exploration as well as Houston-based Plains…
Energistics, the upstream oil and gas standards consortium, announced today that Eric Toogood, Diskos Manager for the Norwegian Petroleum Directorate (NPD), and Espen S. Johansen, Ph.D., Vice President Marketing and Commercialization – Production and Completion Systems for Weatherford…
Stena DrillMaxNo commercial find at Tullow’s Zaedyus-2 well Drilling at Tullow's Zaedyus-2 appraisal well has been completed offshore French Guiana, the company announced on 4 December 2012.The well, drilled 5km up-dip from the Zaedyus-1 discovery by the Stena DrillMax…
ExxonMobil's Rex TillersonMajors to jointly develop Siberian tight oil Rosneft and ExxonMobil signed a pilot development agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia…
Photo: GazpromIcebreakers transfer LNG from Norway to JapanLNG Carrier ‘Ob River’ chartered by the Gazprom Marketing & Trading (GM&T) group, a wholly-owned subsidiary of OAO Gazprom, and operated by Dynagas (Greece), has successfully completed…
Lamar McKayLamar McKay has been chosen as Chief Executive of Upstream at BP, the company announced on 23 November 2012.McKay will lead BP's combined Upstream business, comprising the Exploration, Developments and Production divisions together with the Upstream strategy and integration team…
SPDC, a subsidiary of Royal Dutch Shell, has completed a sale of its 30% interest in Oil Mining Lease 30 (OML 30) in the Niger Delta to Shoreline Natural Resources Limited for $567 million.The company said the divestment is part of a plan to reshape SPDC's onshore portfolio…
Technip's Deep BlueShell has chosen Technip to develop subsea infrastructure at Cardamom field in the U.S. Gulf of Mexico, the Paris-based engineering firm announced on 9 November 2012.Technip's lump sum contract covers project management…
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has shut down the Imo River Trunkline in its Eastern operations after it found several crude theft points on the facility. Production of some 25,000 barrels of oil per day is deferred…
‘BW Offshore's Yùum K'ak' Náab FPSO has been producing Pemex' KMZ field in the Mexican sector of the Gulf of Mexico since 2007. BW is also supplying the first FPSO for the US sector of the Gulf of Mexico. The BW Pioneer is moored at Petrobras'…
Alexei Miller, Chairman of the Management Committee of OAO Gazprom, and Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, have signed a legally binding basic agreement detailing key terms and conditions on swapping assets…
Global upstream spending ballooned by 47% in 2010, driven by substantial investments in the US and Latin America, IHS reported. In the IHS Herold 2011 Global Upstream Performance Review, the information service said capital spending among 221 oil & gas companies reached $558 billion in 2010…
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