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…
Rolls-Royce is betting big on Brazil, where the company's energy business, recently bolstered by lucrative contracts with Petrobras, is setting up a $100 million-plus purpose-built gas turbine assembly and test facility. Russell McCulley reports…
The annual average oil price of global benchmark Brent crude for 2011 is poised to be the highest (in both real and nominal terms) since 1860, the year after the birth of the modern oil industry in Titusville, Pennsylvania, according to a report by IHS Cambridge Energy Research Associates…
Exmar's Opti-EX FPS in deployment at LLOG's Who Dat field in the Gulf of MexicoPrivate equity firm Blackstone Group has partnered with LLOG Exploration to invest $1.2 billion in the Louisiana-based company's Gulf of Mexico operations, the two companies announced on 13 November 2012…
Total has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash, the company announced on 19 November 2012…
Dana Petroleum (E&P) last month took over the operatorship of the Triton FPSO from Hess in a move that according to Dana's UK MD Paul Griffin 'underlines our strategy to move from largely non-operated activities to full-operated field management on the UKCS '…
SBM Offshore has signed a commercial development agreement with modular gas to liquid solutions provider CompactGTL to work exclusively together on the marketing and execution of projects involving associated gas challenges for offshore oil fields…
DNO International's Benenan-3 well in the Kurdistan region of Iraq has encountered oil, the Norwegian company announced on 6 November 2012.The Benenan-3 well, which was drilled on the Erbil license, encountered an additional 210 meter oil…
Proserv workerAMEC has chosen Proserv to supply topside control equipment for GDF Suez's Cygnus field development on the southern North Sea, Proserv announced on 8 November 2012.Under the terms of the $1.9 million contract, Proserv will supply the design…
Wood Group PSN (WGPSN) has been awarded a contract by DNO Middle East to provide engineering and project support services to the Tawke field, in the Kurdistan region of Iraq. The contract marks WGPSN’s expansion into Iraq.The energy services company will deliver engineering studies…
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…
Aker Solutions has established a subsea lifecycle service base in Labuan, Malaysia, to support installed and future Asia Pacific shallow and deepwater projects, starting with Murphy Sabah Oil's current Kikeh and upcoming Kikeh phase two…
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…
Samara-NaftaHess will persue plans to sell its Russian subsidiary Samara-Nafta, the company announced on 12 November 2012.Samara-Nafta, which was established in 1998, produces approximately 50,00 boepd in the Volga-Urals region.Goldman…
While onshore field hands in the southern US have likely seen many armadillos around oilfields, Flexlife is responsible for deploying the Armadillo offshore. In this case, however, it’s not the quirky-looking animal with an armor-like shell…
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