Kosmos Energy announced today that it has executed two Production Sharing Contracts with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname, for Blocks 42 and 45 offshore Suriname.
According to company sources, TNK-BP will invest up to US$ 10 billion in Arctic oilfield development and construction of a pipeline to link the fields with an export pipeline.
IHS CERA Analysis says that the average crude oil price for 2011 is poised to set 150 year high.
Honeywell is opening a full-service office in Basra. Honeywell’s second office to open in Iraq since 2010 will further strengthen the company’s commitment to its customers and partners. The new facility will also support the company’s training and sales capabilities throughout the country.
In an unexpected end to the COP17 summit in Durban South Africa, the US, China and India have agreed to be included in a new legal framework for emissions reduction that will come into force in 2020, although the details of the deal are yet to be agreed. COP17 also agreed to an extension of the Kyoto Protocol to 2017.
According to a new IHS Global Insight study, the shale gas revolution, which has swept across America and transformed the energy landscape, will also have a huge economic impact supporting more jobs, stimulating growth and providing huge amounts of revenue.
As Penspen Group's scope of subsea services grows in London, its Offshore and Integrity practices have teamed up to offer a series of specialist courses in Offshore Pipeline Legislation.
AKE Intelligence is warning that there could be increased levels of violence in Ira after US troop complete their withdrawal which could make conditions harder for foreign oil and gas companies operating there.
Antrim Energy has discovered hydrocarbons in the Erne exploration well in the UK central North Sea.
ExxonMobil employee charities program sets new record for contributions with more than US$ 2.8 million raised for Washington DC area organisations.
Petrobras announces the discovery of good quality oil during drilling of well 4-BRSA-946C-SPS, informally known as Biguá.
Anadarko has made another significant gas discovery at its Barquentine-3 appraisal well, with this find the company should have enough gas reserve sin place to push on with its liquefaction plant development.
Petrobras has confirmed the presence of good quality oil in well 4-SPS-91 (4-BRSA-1002-SPS), in south Santos Basin, in an area known as Tiro and Sidon.
Girish Shirodkar, Strategic Decisions Group, India, provides an overview of the ASEAN members, centring on the strategic apparatuses in place to fuel future growth in South East Asia.
Weir Group expands US shale activities The Weir Group PLC has agreed to acquire Seaboard Holdings Inc, an independent wellhead solutions provider focused on the growing North American unconventional oil and gas drilling and production markets for US$ 675 million (£431 million).