Friday, 03 July, 2009, 19:50 GMT | more >>
Trans-Sahara pipe deal sealed
Friday, 03 July, 2009, 12:50 GMT

Nigeria, Algeria and Niger today signed an agreement to build a multi-billion dollar gas pipeline across the Sahara that could send up to 30 billion cubic metres a year of supplies to Europe.

Stockwatch Upstream share price index
Nabucco partners close in on pact
Friday, 03 July, 2009, 10:52 GMT

An intergovernmental accord for the Nabucco natural gas pipeline will be signed in Ankara on 13 July, Romania's Economy Minister said today.

 
Hardcopy exclusive
Giant Petrobras tender boost for yards

Petrobras is putting the final touches to a giant tender process calling for as many as 28 Brazilian-built deep-water drilling rigs, probably starting with seven units to be owned by the oil company and up to four chartered rigs.

Petro Andina board rejects Pluspetrol bid
Friday, 03 July, 2009, 13:00 GMT

Petro Andina, a Canadian-based oil and gas exploration company, said today its board unanimously recommends that its shareholders reject an unsolicited bid by Netherlands-based Pluspetrol Resources Corporation.

 
Iran plans $70bn spending spree
Friday, 03 July, 2009, 08:13 GMT

Iran plans to invest around $70 billion in two major offshore natural gas fields in the 2010-2015 period, a senior official said in comments broadcast today.

Hardcopy exclusive
Afren ready to roll on Ebok

UK-based independent Afren will make a key decision within weeks on how to develop phase one of its Ebok project off Nigeria, after which it will award major contracts.

 
Seadrill makes West Ceres sell off
Friday, 03 July, 2009, 11:00 GMT

Norway’s Seadrill said today that it has exercised its right to repurchase the jack-up drilling rig West Ceres from Ship Finance International for the pre-agreed price of $135.5 million, and will subsequently re-sell the unit for $175.

US jobs data sends stocks diving
Friday, 03 July, 2009, 12:21 GMT

Shares in contractor companies tumbled today as oil dropped to below $67 a barrel on news that unemployment in the US rose to a 26-year high.

 
Chinese in line for Repsol stake
Friday, 03 July, 2009, 09:29 GMT

China National Offshore Oil Corporation (CNOOC) and China National Petroleum Corporation (CNPC) are battling for approval to bid for the Argentinean unit of Spanish oil major Repsol, sources said today, in a deal that could be worth around $17 billion.

Hardcopy Exclusive
Shell picks its FLNG winner

Anglo-Dutch supermajor Shell is on the verge of awarding a multi-billion dollar contract for the construction of up to three floating liquefied natural gas production vessels.

 
Singapore pushes back LNG terminal
Friday, 03 July, 2009, 11:09 GMT

The Singapore government will take over development of its first $1 billion liquefied natural gas terminal from a consortium, to avoid more delays due to the credit crunch, and defer its completion by a year to 2013.

Poland to push Russia gas deal to 2035
Friday, 03 July, 2009, 10:00 GMT

Poland may prolong its gas contract with Russia until 2035, the prime minister's energy adviser was quoted as saying today.

 
India plans sales for cash boost
Friday, 03 July, 2009, 09:46 GMT

India plans to raise 18.54 billion rupees ($386 million) via sale of shares in two state-owned companies in the current fiscal year, the government said today.

Kashagan development costs slashed
Friday, 03 July, 2009, 07:52 GMT

The cost of developing Kazakhstan's huge Kashagan oilfield will be cut by at least $1 billion as the global crisis drives down machinery prices, Kazakh Energy Minister Sauat Mynbayev said today.

 
Indonesia eyes onshore LNG plan for Abadi
Friday, 03 July, 2009, 07:27 GMT

Indonesia is considering building an onshore liquefied natural gas plant for natural gas reserves from the Abadi field in the Timor Sea that will be operated by Japan's Inpex Corporation.

Pertamina mulls new bid for Iraqi block
Friday, 03 July, 2009, 03:40 GMT

Indonesian state-owned oil and gas company Pertamina is submitting a new bid for an oil block in Iraq and will team up with Australia’s Woodside Petroleum to bid for a gas project in Indonesia.

 
Pertamina parts with PGN for LNG projects
Friday, 03 July, 2009, 07:15 GMT

Pertamina has suspended a joint venture with Perusahaan Gas Negara to build three massive offshore gas-storage terminals in Java and North Sumatra, after the government demanded that the projects be finished a year ahead of schedule.

Petronas boss faces political heat
Friday, 03 July, 2009, 03:16 GMT

Petronas' chief executive faces the risk of being ousted from the Malaysian state oil and gas company following a political wrangle involving the country's Prime Minister.

 
Hallin mulling over new vessels
Friday, 03 July, 2009, 06:30 GMT

UK-based Hallin Marine may invest in two more vessels to be built based on a new design touted as a low-cost alternative to large diving support vessels and semi-submersibles.

Woodside push on Browse leases
Friday, 03 July, 2009, 02:55 GMT

The Australian government is set to come under huge pressure from Woodside Petroleum to strip valuable Browse basin gas leases off multi-national companies including Chevron and Shell unless an agreement on the $30 billion Kimberley liquefied natural gas project can be reached.

 
Oil price comment
Oil falls towards $66 after bleak jobs data

Crude fell towards $66 a barrel today as high jobless numbers across the US and Europe revived concerns about the global economic outlook and its impact on energy demand.

Beach extends Drillsearch deadline
Friday, 03 July, 2009, 05:51 GMT

Australia’s Beach Petroleum has waived all conditions and extended the offer date in it’s A$50 million (US$37 million) takeover bid for compatriot Drillsearch Energy.

 
Front Puffin FPSO row continues
Friday, 03 July, 2009, 02:41 GMT

The row over the Front Puffin floating production, storage and offloading vessel (FPSO) continues with Puffin Joint Venture and a Sea Production unit now accusing each other of contract breaches.

Butlers-1 flows for Beach
Friday, 03 July, 2009, 06:16 GMT

Australia’s Beach Petroleum reported that the Butlers-1 oil discovery has flowed 2600 barrels of oil per day following its completion as a producer in licence PEL 92 in the state of Queensland.

 
'Korean yards will share Petrobras orders'
Thursday, 02 July, 2009, 05:35 GMT

Shipbuilding and shipping conglomerate STX said it expected top South Korean shipyards to jointly win offshore project orders from Brazil's state-run oil company, Petrobras.

Chevron turns on Mafumeira Norte taps
Thursday, 02 July, 2009, 14:24 GMT
US rigs up by 11
Thursday, 02 July, 2009, 18:12 GMT
El Nino may bring more hurricanes
Thursday, 02 July, 2009, 19:28 GMT
EnCana suspects sabotage
Thursday, 02 July, 2009, 15:52 GMT
Rogue crude trader costs PVM $10m
Thursday, 02 July, 2009, 12:04 GMT
EU members told to top up gas tanks
Thursday, 02 July, 2009, 12:10 GMT
SembMarine gets another rig gig
Thursday, 02 July, 2009, 20:44 GMT
Stausholm joins StatoilHydro board
Thursday, 02 July, 2009, 16:05 GMT
Credit crunch 'cuts Kashagan costs'
Thursday, 02 July, 2009, 10:38 GMT
Subsea 7 gets to work at Valhall
Thursday, 02 July, 2009, 13:09 GMT
Work chokes Ormen Lange flows
Thursday, 02 July, 2009, 10:35 GMT
Iraq pushes ahead with second round
Thursday, 02 July, 2009, 09:20 GMT
Naftogaz takes close look at transit deal
Thursday, 02 July, 2009, 09:05 GMT
Vangold eyes Rwanda riches
Thursday, 02 July, 2009, 10:55 GMT
Chinese may revive YPF offer
Thursday, 02 July, 2009, 06:31 GMT
AGR stays on with StatoilHydro
Thursday, 02 July, 2009, 08:16 GMT
India scores with $10bn Nelp spend
Thursday, 02 July, 2009, 08:53 GMT
Dhaka gives Chevron the nod
Thursday, 02 July, 2009, 10:01 GMT
Braekken to take OLF helm
Thursday, 02 July, 2009, 12:17 GMT
Petrofac gets Oman gig
Thursday, 02 July, 2009, 06:53 GMT
Santos in $381m CBM spend
Thursday, 02 July, 2009, 09:26 GMT
Pertamina may forgo West Qurna
Thursday, 02 July, 2009, 03:43 GMT
Keppel delivers fifth Lukoil vessel
Thursday, 02 July, 2009, 05:48 GMT
Incremental sinks Edirne probe
Thursday, 02 July, 2009, 06:43 GMT
Aker gets cracking with shake-up
Thursday, 02 July, 2009, 10:29 GMT
‘Oil over $100 would hurt global economy’
Thursday, 02 July, 2009, 06:56 GMT
Kiwis defer LNG import plan
Thursday, 02 July, 2009, 03:34 GMT
Lufeng 22-1 calls it a day
Thursday, 02 July, 2009, 06:17 GMT
Sembcorp scores second SeaDragon gig
Thursday, 02 July, 2009, 02:00 GMT
Hess resumes WA drill
Thursday, 02 July, 2009, 03:06 GMT
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