Contracts

Sapurakencana Wins 3 Petronas Oil blocks

  SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Time-out for Kwanza Drilling

  Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

  Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Cameco Not Eager for Sales Contracts at Current Prices

Canadian miner Cameco Corp is not interested in signing long-term uranium sales contracts at current prices, and utilities who buy the radioactive material to power nuclear reactors are also cautious,

Normand Vision Ready for GOM SURF Job

Ocean Installer won a contract for an umbilical installation project with Oceaneering for LLOG on the Delta House project.  The location of the project is in the Mississippi Canyon Area.

Retailers Call on ILWU and PMA to Remain at Negotiating Table

The National Retail Federation has  issued the following statement from President and CEO Matthew Shay on reports that the International Longshore and Warehouse

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

Vestas, Investors Await U.S Wind Tax Break Decision

Shareholders in Danish wind turbines maker Vestas are anxiously waiting for U.S. lawmakers to decide if a crucial tax break for wind power will be extended, as

BG Group's Queensland Curtis LNG to Ship First Cargo

BG Group is set to ship the first cargo of liquefied natural gas from its flagship gas project Queensland Curtis LNG on Dec. 20, a source familiar with the matter told Reuters.

Lukoil, Chevron Look to Invest in Nigeria

Russia's second-largest oil company, privately controlled Lukoil, said on Friday it planned to invest in Nigeria with U.S. oil major Chevron Corp , part of its

Russia, Saudis Insist on Market-driven Prices

Russian Foreign Minister Sergei Lavrov said on Friday that Russia and Saudi Arabia agree that oil pricing should be based on a balance between supply and demand.

Exxon Mobil, Ivory Coast Negotiate Oil Blocks

Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with

Europe Stockpiling Low Cost, Surplus LNG

Demand from top Asian buyers drops sharply; Asian, European gas price spreads converge. Europe set to becoming dumping ground for LNG. Europe is set to become

Statoil Halts Angola Exploration, Cancels Rig Contract

Norway's Statoil has halted its exploration campaign in Angola after several disappointing wells and canceled a rig contract with Stena Drilling, the firm said on Friday.

EMGS to Map Brazil's Gas Hydrates

  Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map

DGS Marine Advises Fixed Premium P&I Cover

  DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits

OAO VNIPIneft Buys AVEVA Software

AVEVA has announced  a new contract with OAO VNIPIneft for the supply of AVEVA Engineering software. The new deployment complements VNIPIneft’s existing AVEVA 3D

Less Demand, More Renewables Push Down Spot Prices

Forecasts for lower electricity consumption heading into the weekend and expectations for a pick-up in renewable supply pushed spot power prices lower in central and southeastern Europe on Thursday,

European Physical Prices Edge Up, Australia Flat

European physical thermal coal prices inched up on Thursday afternoon amid low volume, while Australian prices were flat. In the European market, cargoes for delivery in January to Amsterdam,

Harkand Wins Southern North Sea Deal

Harkand secured a multi-million dollar contract with an oil and gas operator to commence work across their assets in the Southern North Sea region later this month.

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