The Alaska LNG Project reached a historic milestone on the 7th May, as BP Alaska and Alaska Gasline Development Corporation (AGDC) announced the parties have agreed to key terms of a Gas Sales Agreement, including price and volume. The terms are captured in a Gas…
Oil major Shell has made an agreement to sell its entire stake in Canadian Natural Resources Limited, a Calgary-based oil and gas company, in a bid to reduce its debt. Shell said on the 8th May that its subsidiary, Shell Gas BV (SGBV), has entered…
Premier Oil has contracted Shearwater GeoServices to acquire high-resolution 3D seismic over the Tolmount gas field in the UK southern North Sea. The Polar Duchess will start the 400-square kilometre (154-square mile), one-month survey late next month. Tolmount, off the Yorkshire coast, is one of…
Saudi Arabia would supply Sudan’s energy needs for five years on credit under an agreement being discussed by both governments, Sudan Oil Minister Abdulrahman Othman said on the 7th May. Othman said the deal would provide about 1.8 million tonnes of oil a year…
Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks — the coming weeks bring an abundance of risks for the oil market. The geopolitical premium has already helped lift crude prices to a…
Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040. This is according to the recently released International Energy Agency’s Offshore Energy Outlook, which forecasts what’s ahead for the offshore energy industry through 2040. The outlook…
Dutch offshore accommodation provider Chevalier Floaters has secured a contract in the oil and gas sector in the Dutch section of the North Sea. The company has said that the contract marks a return of its DP Galyna vessel to the oil and gas…
Following a thorough and comprehensive grid allocation process, Taiwan’s Ministry of Economic Affairs has awarded Ørsted the right to connect 900MW offshore wind capacity to Taiwan’s power grid with the following projects: Changhua 1 with a capacity of 605MW and grid connection in 2021…
Borr Drilling has sold 14 old jack-up rigs en bloc to a non-drilling company. The rigs will be delivered to the new owner over the next 30 days. The disposal is expected to contribute up to US$16 million in profit to Borr’s second quarter 2018…
Stone Energy has closed the transaction contemplated under the previously announced Asset Purchase Agreement dated the 27th April to purchase a 100% working interest in the Ram Powell Unit, and related assets, from Shell Offshore Inc, Exxon Mobil Corporation, and Anadarko US Offshore. On…
