Oil & gas news

US Treasury Secretary Timothy Geithner has met leaders in Beijing to discuss the possibility of Chinese support for sanctions on Iranian oil.

Statoil ASA together with its partners Eni Norge AS and Petoro AS have made a substantial oil discovery in the Havis prospect in the same licence as Skrugard (PL532) in the Barents Sea.

RenewableUK praises National Grid’s successful management of high levels of wind output as wind farms reach a high of 12.2% of the UK’s electricity demand.

FMC Technologies, Inc. has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately US$ 150 million.

Aker Solutions has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of a deepwater drilling riser system to the DSME shipyard in South Korea.

Total has signed two exploration licenses with the Mauritanian government that gives it, as operator, a 90% interest in Block C 9 in ultra deep offshore and Block Ta 29 onshore in the Taoudeni basin.

Aker Solutions has signed a contract with Marathon Oil Norge AS to supply a subsea production system for the operator's Bøyla project on the Norwegian continental shelf.

Petrofac and Schlumberger announced today that their Integrated Energy Services (IES) and Schlumberger Production Management (SPM) divisions respectively have signed a Co-operation Agreement under which these divisions will establish a working relationship.

The American Petroleum Institute is urging energy discussions in the US election campaigns.

Excelerate Energy is to undertake the development and permitting of a floating offshore LNG regasification facility off the southern coast of Puerto Rico.