Speakingout: Yngve Slyngstad
Zero return for Norway oil fund
Norway's sovereign wealth fund, the oil fund, has had roughly a zero percent return on its investments in global stocks and bonds so far this year, its executive director said today.
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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