Shell is believed to have taken a high-price Stena Drilling ice-class newbuild drillship for five years, with French Guiana on the Anglo-Dutch supermajor’s radar.
The rumble and whistle of a passing train, a symbol of civilisation and prosperity in the American West at the turn of the century, is once again echoing across the plains.
An offer by Sudan to release crude cargoes for export from the South “as a goodwill gesture” has been rebuffed by South Sudan, which is pressing on with a planned total shutdown of its oil production.
US offshore builder McDermott and two South Korean rivals are battling it out for the contract to supply the main offshore production facility on Chevron’s $4.3 billion Block B gas project in Vietnam.
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Report: EIA cuts world 2010 oil output
The US Energy Information Administration (EIA) said crude oil production from non-Opec countries will not be able to keep up with growing global demand in the next few years, forcing oil consuming nations to rely more on Opec for supplies.
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