Norway oil fund shrinks to $297bn
Norway's sovereign wealth fund - the oil fund - shrank by 7.5% to a preliminary figure of Nkr 2.102 trillion ($297.2 billion) in January from the end of December, the central bank's monthly balance sheet showed.
Reports have Shell in five-year deal for Stena ice-class drillship
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.
Getting crude cargoes on track
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.
South rejects Khartoum offer to free oil cargoes
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.
Three left standing in battle for Block B prize
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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