Browse the latest oil & gas news news and articles.
According to research conducted by the University of Aberdeen’s Oceanlab, offshore oil and gas platforms could be serving as beneficial environments for populations of prime commercial fish species such as cod and haddock.
Aker Solutions has been selected to supply a subsea umbilical to Det norske oljeselskap ASA's Jette field. The order is worth approximately NOK 60 million (US$ 10.3 million).
Both crude oil rich nations seek cooperation for the utilisation of their vast reserves: Iraq to build refining capacity and Kuwait to secure long term supply relationships.
Arrow LNG (a joint venture between Petrochina and Shell) has acquired Bow Energy after boosting it’s bid to AU$ 535 million (US$ 524.2 million). Arrow had to raise its’ offer by 2% on it’s initial offering to secure the deal.
Green Gas International and the A.A. Skockinsky Institute of Mining (SIM) have announced the signing of a co-operation agreement. The agreement facilitates the joint development of coalbed methane (CBM) drainage and utilisation projects in the Russian Federation through a joint venture company.
Chevron has given the green light to start work on the proposed Wheatstone LNG project in Western Australia, the approval has come after Chevron received federal approval to build the 25 million tpa LNG liquefaction plant last week.
OPIC has approved US$ 310 million worth of financing for a project to double the capacity of a Kenyan geothermal power plant.
A consortium formed by Techint E&C and Sener has successfully completed construction of a 12 billion m3/yr LNG regasification plant at the Gate terminal in Rotterdam. The plant was officially opened in a ceremony involving over 700 people including Her Majesty Queen Beatrix of the Netherlands.
TransAtlantic Petroleum Ltd. has entered into an agreement with LNG Energy Ltd. whereby LNG will invest US$ 7.5 million to immediately commence drilling the Peshtene R-11 well this week, which will be a 10,500 foot (approximately 3200 m) exploration well in the A-Lovech exploration license in Bulgaria.
GE’s integrated portfolio provides onsite power and water treatment solution for major Australian CBM-to-LNG project.
Mike King explains why Indonesia continues to attract investment despite the uncertainties of its legal code.
Total has acquired a 40% interest in five offshore exploration blocks in Kenya. The company has acquired stakes in blocks L4, L7, L11a, L11b and L12 in the Lamu basin.