Shell's acquisition of BG Group has cleared another major hurdle - unconditional merger clearance from the Brazilian competition authority (CADE). The clearance follows CADE’s initial approval of the combination on 8 July 2015, and…
Analysts at Douglas Westwood say despite a current pause in commitments to new projects, the capital expenditure (capex) for Floating LNG (FLNG) vessels is expected to amount to US$35.5 billion over 2015-2021. Spending on floating, storage…
ExxonMobil reports that it signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corp. (Kogas) to hold discussions concerning natural gas technologies and new energy technologies…
Wood Mackenzie has evaluated the competitive position of the three largest Russian oil and gas producers at US$60/bbl oil and their strategic action taken to date. In 2014, the Russian majors' share price performance was hit harder by…
Two consortia of oil services companies have been selected to compete for an EPIC contract on Africa's first floating LNG project through two front end engineering and design contracts. The move will pitch McDermott Marine Construction…
The US$70 billion Shell and BG Group merger cleared Brazilian regulatory approval, bringing it a step closer to its set completion date of early next year, according to a Reuters report. Brazil's Libra field activity…
OneSubsea has won a front-end engineering and design (FEED) contract on the Browse FLNG development offshore Australia. Browse FLNG development concept is based on three FLNG facilities utilizing Shell’s FLNG technology and Woodside’s expertise to commercialize the Brecknock…
Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully completing the world’s largest turret mooring system. At almost 100m-high, weighing more than 11…
Technip Samsung Consortium has been named as the front-end engineering contract for the Browse floating liquefied natural gas (FLNG) project in Australia, operated by Woodside. The Browse project will comprise three FLNG units, used to develop the Brecknock…
Heerema Marine Contractor’s new semisubmersible crane vessel is set to make waves. Elaine Maslin reports. An illustration of the new NSCV. Photos from Heerema Marine Contractors. Norse gods do not come along that often…
Could the North Sea become a CO2 storage site? Elaine Maslin takes a look at two proposed projects and some of the challenges involved. The CCS goal—how the Scottish Centre for Carbon Storage sees carbon capture and storage on and offshore…
After postponing a final investment decision due to the low oil prices last December, Australian operator Woodside Petroleum has announced it will press forward into the FEED phase for its long-struggling Browse LNG mega project. The…
The Commonwealth Western Australia Offshore Petroleum Joint Authority and the WA Minister for Mines and Petroleum offered Woodside Energy petroleum retention lease offers for WA-28-R, WA-29- R, WA-30-R, WA-31-R, WA-32-R, TR/5 and R2, in which the company has 30 days to accept…
Gazprom is welcoming Total back to the Shtokman project upon resuming operations in the Russian sector of the Barents Sea. Image of Gazprom, Total and StatoilHydro signing framework agreement for Phase 1…
Russian gas producer Gazprom and Shell signed an agreement to expand the Sakhalin-2 LNG project. Sakhalin-2 saw the development of two offshore oil and gas fields: Piltun-Astokhskoye and Lunskoye, off the north-eastern coast of Sakhalin…
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