Browse the latest oil & gas news news and articles.
Total has announced the launch of the Laggan and Tormore gas fields development in the offshore frontier region of the West of Shetland, subject to the UK Government’s Department of Energy and Climate Change approval.
Australia’s Arrow Energy has accepted an improved takeover bid from Royal Dutch Shell and PetroChina worth a reported AU$ 3.44 billion (US$ 3.14 billion). The takeover is subject to approval by Arrow shareholders and Australian authorities.
A fundraising initiative launched by Mark Elliott, a well-known figure in the oil and gas industry, seeks to raise £1 million for two military charities, as he commits to losing 30 lbs of weight by June 2010.
Explorers from the Nord Stream consortium have discovered twelve shipwrecks off the coast of Sweden.
Sharecat Solutions has secured a contract from China Oilfield Services subsidiary COSL Drilling Europe AS to support the spares management activity for its newbuild project at Yantai Raffles Shipyard.
Legislation to cap liability payouts in the event of a nuclear disaster has been pulled by India’s coalition government.
2010 is hopefully going to be a more productive year for the offshore sector with analysts expecting oil and gas production to return to more healthy levels during the course of the year.
Jurong Shipyard Pte Ltd, a wholly owned subsidiary of Sembcorp Marine, has secured a contract worth approximately US$ 130 million to carry out pre-conversion works on a very large crude carrier for Petrobras Netherlands BV.
First Solar have become the first purely photovoltaic power company to join the Desertec Industrial Initiative.
BP has announced a US$ 7 billion transaction with Devon Energy for assets in Brazil, Azerbaijan and the US deepwater Gulf of Mexico.
Leading oil and gas executives from the APAC region meet to discuss ways of competing with production from the MENA region.
Schlumberger has acquired Nexus Geosciences, Inc., a provider of integrated seismic software and services based in Houston. The group will become part of the WesternGeco business unit.