Saving: Angola
Angola to stash more oil cash into fund
Angola's government sees the $58 per barrel reference oil price in the 2010 budget as very prudent as prices should trade much higher next year, and will use the extra money for a wealth fund.
Giants get ready to battle for Hebron
ExxonMobil has issued bid documents to South Korea’s three super fabricators to build a huge 30,000-tonne deck for its groundbreaking US$8.3 billion Hebron project off Newfoundland, Canada.
Gabrielli’s final flourish for Petrobras
Petrobras chief executive Jose Sergio Gabrielli was set to take his leave of the company this week amid a flurry of offshore contracting activity that highlighted the importance of local content and Brazilian industrial development during his tenure.
Two giants battle to win Total’s Egina floater prize
Two consortia have been left to fight it out to secure a prestigious order to provide a newbuild floating production, storage and offloading vessel for Total’s multi-billion dollar Egina project off Nigeria.
Shell pipeline audit was overdue as Gannet leaked
A KEY audit of Shell’s pipeline safety management systems was three years overdue at the time of last year’s oil spill at the North Sea Gannet field — the UK’s worst in a decade.
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