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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Looking ahead: CNPC
China National Petroleum Corporation (CNPC) has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) over the South Azadegan oilfield, and is set to take a 70% stake in the field in return forcovering 90% of development costs, according to reports.
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