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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Building boom: Libya is funnelling oil cash into a number of projects, including hotel construction in the capital Tripoli
Libya's oil fund controls assets worth more than $65 billion but has only up to 23% of its available cash funnelled into investments, fund chairman, former National Oil Corporation executive Abdulhafid Zlitni said.
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