Oil & gas news

Africa continues to offer a wealth of opportunities for the energy supply chain.

Sembcorp Marine’s subsidiary Jurong Shipyard has secured an order worth a total of US$ 450 million to build a harsh-environment jack-up rig from Seadrill.

EGPI Firecreek, Inc. has announced the discovery of significant oil and gas reserves in its Tubb Leasehold, and now plans to drill a shallower well to capitalise on the discovery.

In the aftermath of the Japanese earthquake and resulting tsunami, amid fears of a radiological disaster, commentators worldwide are postulating one question: is this the end of nuclear power? Alisa Murphy, CEO, B9 Coal, UK, argues they ought to be discussing the wider energy mix.

Angelos Damaskos comments on how the energy industry will be impacted by the Japan earthquake, Middle Eastern unrest and continuing Eurozone problems.

Marine Well Containment Company (MWCC) has awarded Weatherford a contract for the design and construction of the topsides process modules for two dynamically positioned tankers to operate in the US Gulf of Mexico.

China has increased its total production for the first two months of the year by 13.5%.

The global energy trade will feel the effects of the disasters in Japan as the global coal supply chain is disrupted and diverted.

Significant cuts are planned in refining and marketing, while investing heavily in new projects to increase production.

CB&I has been awarded an EPC contract by Imperial Oil Resources for the Kearl oilsands project worth in excess of US$ 900 million.