Aker Solutions has secured a services contract with Statoil ASA worth around $483 million (NOK 4 billion), which will support the Norwegian oil and gas firm with the development of the largest oil discovery in the Norwegian Barents Sea; Johan Castberg.
Dec 5 (Reuters) - Australian oil and gas producer AWE Ltd said on Tuesday it has received a notice from China Energy Reserve and Chemical Group Australia (CERCG) stating that it has formally withdrawn its bid to buy the company.
(Bloomberg) -- Crude rose as lower OPEC oil rig flanges gulf coast production and signs of shrinking U.S. oil inventories bolstered expectations for an end to the global surplus.
ATHENS, Dec 5 (Reuters) - Italy, Greece, Cyprus and Israel agreed on Tuesday to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
It is important to turn positive sentiment into lasting, tangible benefits for the North Sea oil and gas sector.
“Survival,” rather than “growth,” has been a watchword for capital project spending in upstream oil and natural gas in recent years.
- ExxonMobil to Evaluate Offshore Mauritania Blocks | Gulf Coast Oil Rig Equipment & Repair
- Oil Eases 1 pct on Profit-Taking as U.S. Output Eyed | Gulf Coast Oil Rig Equipment & Repair
- Gadfly: The Billion Barrels That Make or Break the Oil Market | Gulf Coast Oil Rig Equipment & Repair
- Triangle Energy Detects ASP Pipeline Leak | Gulf Coast Oil Rig Equipment & Repair