Oil & gas news

Gazprom and BASF have signed a memorandum which anticipates future co-operation in the development of Achimov deposits of the Urengoy field in exchange for equivalent stakes in BASF’s North Sea assets.

American Petroleum Institute has welcomed proposed legislation that would repeal EPA’s authority to regulate GHG emissions.

Grants by ExxonMobil and the ExxonMobil Foundation aid the economic advancement of women in developing nations.

Peabody Energy has announced that the Mongolian Government has placed the company in the top tier of the short list of companies that pre-qualify to invest and cooperate in development of the Tavan Tolgoi coal deposit.

Talisman Energy Inc. is selling a 50% interest in its Cypress Assets in the Montney shale play to Sasol Limited (Sasol), for C$1.05 billion.

Technip has been awarded an engineering, procurement, construction and installation contract, worth approximately €45 million, by GDF SUEZ for the Gjøa field development located in the Norwegian sector of the North Sea.

GE Oil & Gas has received a US$ 7 million contract from Total E&P UK Ltd of Aberdeen, Scotland, to supply drilling and production equipment for the expansion of the Elgin Franklin gas field in the North Sea.

KBR announced today that it has been awarded a FEED contract by KM LNG Operating General Partnership for the Kitimat LNG development near Kitimat, British Columbia, Canada.

Key exploration rights issue heralds a new frontier in the African nation’s history.

Nancy Yamaguchi, contributing editor, looks at North America's oil markets and the growing role of the Canadian oilsands.