Author hkrichiedistribution
Royal Dutch Shell, Eni and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter. The claim from the Central Asian nation’s government comes on top of last year’s similar-sized settlement from
Saudi Aramco is wasting no time pushing ahead with its initial public offering, leaving legions of analysts scrambling to prepare research that will help investors decide whether to buy into one of the world’s biggest ever share sales. Investment banks’ research teams started meeting Wednesday in the desert city of Dhahran for two packed days
ConocoPhillips Australia, as operator of the Barossa joint venture, has awarded an Engineering, Procurement, Construction and Installation (EPCI) contract for the Barossa Gas Export Pipeline. The contract awarded to Allseas Marine Contractors Australia Pty Ltd. includes procurement, transportation and installation of the 260-kilometre pipeline, project management, engineering and associated services. The Barossa offshore gas and
For almost three years, the oil industry has been puzzling over how to supply merchant ships with fuel that will meet tough new environmental standards. Turns out part of the solution was sitting in the ground and under ocean floors all the while: crude oil. Oil from off the UK’s coast, which requires blending –
A continent-sized bay south of Australia is set to become a battleground, pitting the nation’s powerful environmental lobby against the world’s biggest offshore petroleum company in a test that could prove a watershed moment for big oil. Hot Tip Thousands of recruiters use oilandgaspeople.com to post jobs and find suitable candidates. We are the industry’s
Hurricane Lorenzo sinks tugboat carrying 14 crew members; at least 1 found dead at sea, 3 rescued The body of one of the crew members from a tugboat that sent a distress call Thursday in the far-east Atlantic as the mighty Hurricane Lorenzo churned nearby was found dead at sea, officials announced Monday, days after
ExxonMobil signed an agreement today with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. “Our objective is to have the strongest, most competitive Upstream portfolio in the industry,” said Neil
Alberta’s efforts to punish neighboring British Columbia for opposing a major crude pipeline expansion are on hold, at least for now. A Canadian federal court on Tuesday blocked an Alberta law that would have allowed the oil-producing province to cut or reduce fossil fuel shipments to its neighbor amid a dispute over the planned expansion
ALE received a major steel catenary riser and umbilical pull-in contract by Subsea 7 USA. The scope of work included in this contract is for engineering, procurement, fabrication and offshore pull-in operations. ALE will start the engineering phase of this project immediately with offshore operations to follow in the first quarter of 2020. Hot Tip
Saudi Aramco will kick off its much-anticipated initial public offering next month as the oil giant recovers faster than expected from the biggest terror attacks in its history. The state-run company plans to announce its intention to float around Oct. 20, according to people with knowledge of the matter. The firm, which is holding analyst