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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T Boone Pickens: US losses in Iraq should give it rights to oil.
Oil tycoon T Boone Pickens told Congress on today that US energy companies are "entitled" to some of Iraq's crude because of the large number of American troops that lost their lives fighting in the country and the US taxpayer money spent in Iraq.
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