Oil & gas news

The Spanish government, which has a vested interest in YPF, has warned Argentina against nationalising the company and threatened to use “all its might” to defend Spanish interests.

Keppel Corp has signed a LOI for the construction of five semisubmersible rigs for Sete Brazil in a deal worth US$ 4.12 billion.

Wintershall has discovered 60 – 160 million bbls of recoverable oil in the Skarfjell prospect in the northeastern North Sea.

GDF Suez is to supply Gasnor AS with 7.5 TWh of LNG over a 12 year period, starting in 2013.

At a recent meeting, Vladimir Putin, unveiled a new set of rules for offshore development in Russian territory as well as long awaited tax breaks that look set to make formally economically unviable projects possible.

North West Shelf LNG seller shave extended an existing supply deal with Kyushu Electric for an additional six years until 2023.

The UN Security Council has voiced a demand for an “immediate and unconditional” end to the violent conflict that has erupted between Sudan and South Sudan.

The SuperMajor Shell has reported that an oil sheen discovered near two of its platforms in the Gulf of Mexico had dissipated and was “very confident” that its operations had nothing to do with the incident.

Aker Solutions has won a contract from Bapetco to supply surface wellhead equipment for its operations in Egypt’s Western desert.

In the most recent escalation of violence between Sudan and South Sudan, the disputed border town of Heglig and the surrounding oilfield were captured by South Sudanese forces causing international alarm.