Oil & gas news

Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for US$ 3.25 billion. Following this transaction, Statoil will continue to own 5.0% in the jv.

Kosmos Energy announces today that the company’s Banda-1 exploration well has discovered oil offshore the Republic of Ghana on the West Cape Three Points Block.

Petronet LNG Ltd and Gazprom Global LNG have concluded a memorandum of understanding for the long term supply of 2.5 million tpy of LNG for up to 25 years.

Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.

The American Petroleum Institute has commented that the US Environmental Protection Agency’s regulations on ozone and greenhouse gases are top threats in job growth.

For many industry and government leaders, the evolution to the smart grid seems inevitable. But without similar progress on security, the industry faces major challenges.

McDermott International, Inc. announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 in. in diameter, in Mexico’s Bay of Campeche.

Shell has given notice to a Technip Samsung Consortium (TSC) to proceed with the construction of the first FLNG facility in the world.

Aker Solutions has won two contracts worth approximately 120 million NOK, from CQG Oil & Gas Contractors Inc. and CCI Oil & Gas Contractors Inc., for the supply of offloading systems to two FPSOs in the Brazilian market.

Laura Severs, Edmonton Economic Development Corporation, Canada, discusses the Edmonton service area and its growing status as the world’s most politically stable oil reserves.