Contracts News

 

Oil Slips Further as Focus on OPEC Mounts

May 24, 2018

U.S. crude, gasoline inventories rise unexpectedly as Brent-WTI spread nears widest margin in three years. Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal…

Two U.S. Coal Miners See Growth Amid Sector's Gloom

May 02, 2018

U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry. But not every U…

Post-Bankruptcy, Seadrill Eyes Closer Oil Service Ties

Apr 18, 2018

Offshore oil driller Seadrill aims to expand relations with Schlumberger, the world's largest oil services firm, and other suppliers to the global oil and gas industry, its chief executive told Reuters on Wednesday. Seadrill plans to emerge…

Russian gas for Slovenia

Apr 14, 2018

A contract for supply of gas was entered into to between Russia and Slovenia today in Ljubljana. Gazprom entered  with Slovenia. This new contract provides for annual supplies of 600 million cubic meters of gas by Gazprom from January 1, 2018 to January 1…

Statoil Inks LOI for Johan Sverdrup Phase 2

Apr 05, 2018

Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field center modifications is also issued to a joint venture of Aker Solutions and Kværner…

Statoil Awards $1.5 Bln Drilling Contracts

Apr 03, 2018

Statoil has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms.The contracts take effect from October 1…

Arctic: ExxonMobil Exits, Rosneft Goes Ahead

Apr 01, 2018

Russian state oil company Rosneft will continue geological explorations in the Arctic offshore zone after ExxonMobil quits the joint projects, reports TASS. The report qouted Natural Resources Minister Sergey Donskoy saying that the Arctic…

Statoil Bags Four Blocks Offshore Brazil

Mar 30, 2018

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects…

Heavy Night-time Volumes Crush Shanghai Oil Futures

Mar 28, 2018

Many investors worry about volatility overnight as low liquidity added to wild gyrations.  Shanghai crude oil futures slumped on Wednesday, the third day of trading since their launch, after heavy selling overnight, as traders scrambled to follow cues from the main international markets…

McDermott to Bid for Asia Offshore Oil, Gas Contracts

Mar 20, 2018

U.S. engineering and construction company McDermott International plans to bid for $5 billion in contracts in the next few months in Asia Pacific as the region's offshore oil and gas sector recovers, company executives said on Tuesday. The…

Is Aramco Share Sale Distorting OPEC Policy? Kemp

Mar 07, 2018

By restraining production, OPEC and its allies have succeeded in eliminating excess oil stocks and accelerating the recovery in prices, but they are paying an increasingly high price in terms of market share. U.S. producers will capture all the growth in global oil consumption this year…

U.S. Crude Exports to Asia Slump as WTI Outperforms

Mar 06, 2018

Exports of U.S. crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades and efforts by other suppliers to maintain competitiveness. Vessel-tracking and port data suggest Asian imports of U…

Nakilat, Maran Ventures JV adds two vessels

Mar 03, 2018

Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions…

Iraq Preparing to Tender Water Injection Project if Exxon Talks Fail

Feb 27, 2018

Iraq's Basra Oil Co is preparing to tender for a water injection project vital to increase its oil production capacity if talks with Exxon Mobil fail, the head of the oil ministry's licensing and contracts office said. 'We cannot wait for…

Shell: LNG Supply Shortage Possible as Demand Surges

Feb 26, 2018

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with Shell’s first LNG Outlook…

Current News

Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay

Gas Price Windfall Makes Gazprom Patient Over Nord Stream 2 Delay

Carbon Transition in Utsira Multi-Client Seismic Data Deal

Carbon Transition in Utsira Multi-Client Seismic Data Deal

'Repeat Customer' Taps Magseis Fairfield for Gulf of Mexico OBN Survey

'Repeat Customer' Taps Magseis Fairfield for Gulf of Mexico OBN Survey

3i to Assume Full Control Over Danish Offshore Vessel Owner ESVAGT

3i to Assume Full Control Over Danish Offshore Vessel Owner ESVAGT

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