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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Not concerned: Petrobras boss Jose Sergio Gabrielli
The Brazilian government's plans to change the nation's oil law will not turn state-controlled oil company Petrobras into an outsourcing producer of crude nor hinder its ability to bid for exploration permits, a local newspaper said today.
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