The Petrobras Board of Directors has given the go-ahead for the bidding process to award contracts for up to 21 offshore drilling rigs to be built in Brazil, and to meet the company's exploratory and production development needs.
Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for US$ 3.25 billion. Following this transaction, Statoil will continue to own 5.0% in the jv.
Petronet LNG Ltd and Gazprom Global LNG have concluded a memorandum of understanding for the long term supply of 2.5 million tpy of LNG for up to 25 years.
Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.
The American Petroleum Institute has commented that the US Environmental Protection Agency’s regulations on ozone and greenhouse gases are top threats in job growth.
For many industry and government leaders, the evolution to the smart grid seems inevitable. But without similar progress on security, the industry faces major challenges.
McDermott International, Inc. announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 in. in diameter, in Mexico’s Bay of Campeche.
Shell has given notice to a Technip Samsung Consortium (TSC) to proceed with the construction of the first FLNG facility in the world.
Aker Solutions has won two contracts worth approximately 120 million NOK, from CQG Oil & Gas Contractors Inc. and CCI Oil & Gas Contractors Inc., for the supply of offloading systems to two FPSOs in the Brazilian market.
Laura Severs, Edmonton Economic Development Corporation, Canada, discusses the Edmonton service area and its growing status as the world’s most politically stable oil reserves.
Stena Bulk has bought three LNG tankers from the Taiwan-based shipping company TMT for a total of US$ 700 million.
Torresol Energy, a joint venture between Masdar and SENER, announced today the commissioning of its flagship 19.9MW Gemasolar Concentrated Solar Power (CSP) plant in Seville, Spain.
Is there a risk that Papua New Guinea's newfound LNG wealth could be a fuel for civil disorder as rival groups scramble for control of resources?
During the past few years, renewable energy has continued to rise in prominence and represents a growing piece of today’s global energy market, fuelled by greener politics and the need to improve energy supply and mitigate environmental risk.
Shell is planning to build the world’s largest offshore floating facility. The FLNG facility will be sited 200 km offshore Australia.