Drilling & production

A deal to end the conflict over oil between Sudan and South Sudan could still be a long way off as a recent proposal by South Sudan has been rejected by Khartoum.

Chevron North Sea Ltd has selected WorleyParsons and its INTECSEA subsidiary to execute the FEED for the Facilities associated with Rosebank field, which include an FPSO and subsea infrastructure.

CNOOC has made a bid for Nexen worth US$ 15.1 billion as part of a takeover scheme that has raised questions over the wisdom of selling energy assets to foreign state-run companies.

Iran has completed the construction of the first of several domestically built oil tankers ordered by Venezuela.

July 2012: when mining companies make acquisitions, the focus is on the plant and equipment and this means the attendant workforce can be neglected.

Petrofac has announced that it has been awarded a construction services contract for Apache in the North Sea.

Reports have emerged that show how Iran is trying to avoid sanctions on its oil by allowing private third-party companies to sell on its behalf.

China National Petroleum Corp. (CNPC) is in discussion with the government of Ecuador regarding possible involvement in a refinery development.

A tanker owned by FAL Oil, a company under scrutiny by Washington for its ties to Iran, has been seized by authorities in Singapore due to unpaid debts.

The Brazilian National Oil Agency (ANP) said that it had no objections to Chevron submitting its proposal to resume drilling at the Frade oilfield, which was the site of an oil spill in November 2011.

GE has signed a 22 year maintenance contract to maintain Gorgon LNG’s compressor trains and power generation units.

Ecopetrol and PanAtlantic have agreed a deal for Ecopetrol to purchase a 30% stake in three offshore oil and gas fields.

According to Nigerian regulators, Shell should be fined US$ 5 billion for environmental damage caused by an oil spill last year.

Technip was awarded a contract by Marathon Oil Norge AS for on-going expansion of the subsea drill centres at Kneler B and Volund located in the Alvheim area in the North Sea.

Solid Energy has completed its purchase of the assets of Pike River Coal Ltd with the final US$ 5 million tranche of the US$ 7.5 million purchase price now paid.