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Liza SURF contractor Saipem loses arbitration in Algerian LNG plant dispute

OilNOW -
The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against Saipem and awarded Sonatrach the sum of approximately $135 million on the basis of...
News

Hess completes sale of Norway assets to fund Guyana production, reduce debt

OilNOW -
Hess Corporation on December 22, 2017 announced that it had completed the previously announced sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of...
News

World’s largest-ever vessel is all set to go in 2018

OilNOW -
(CNBC) Displacing as much water as five aircraft carriers is just one eye-popping statistic that attempts to explain the sheer size of the world's largest vessel. Construction on ShellRDSA-GB's huge floating liquefied natural gas (FLNG) structure began in 2012 and...
News

Year in review: 2017’s Top 10 discoveries

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(Offshore Engineer) While exploration hasn’t been as hot as it used to be, the finds this year have been big and plentiful. Wood Mackenzie has provided the year’s 10 biggest finds by volume. #1 – Yakaar, Senegal In May this year,...
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TechnipFMC awarded contract for Statoil Snorre project

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TechnipFMC has landed an Engineering, Procurement & Construction (EPC) contract with Statoil for its Snorre Expansion Project. It comes as the Norwegian operator confirmed an additional 25-year investment. The Snorre Expansion contract covers the delivery of subsea production systems and...
Industry Insight

Canadian consultant urges strong local content regime for Guyana

OilNOW -
This column will be devoted to the subject of Local Benefits and how this can be best achieved in Guyana.  This topic has received extensive coverage, both in OilNOW and in the local Guyana press. I have been following the...
News

Liza Destiny builder Keppel secures $130M in projects

OilNOW -
Keppel Offshore & Marine (Keppel O&M) has bagged projects from repeat customers Petrobras and SOFEC Inc. (SOFEC) with a total value of $130M. According to a press release, the projects were bagged by its two wholly-owned subsidiaries Keppel FELS Brasil...
News

Oil workers sue Shell over Gulf of Mexico platform fire

OilNOW -
(Reuters) Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly received during a Nov. 8 fire on a U.S. Gulf of Mexico production platform. The...
News

Hedge fund Elliott prepares second challenge to Hess Corp

OilNOW -
(Reuters) - Elliott Management Corp is readying for a new fight with Hess Corp (HES.N) to remedy what the activist hedge fund called on Thursday “continuing underperformance” by the U.S. oil and gas producer. This would be the second time...
News

Trump to open door for Atlantic drilling

OilNOW -
(Bloomberg) The Trump administration is preparing to unveil as soon as this week an expansive offshore oil plan that would open the door to selling new drilling rights in Atlantic waters, according to people familiar with the plan. President Donald...
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NewsShikema Dey -

US$100 per barrel scenario would ‘remove any remaining hesitation’ and speed up Guyana project sequencing – Rystad Energy says

Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies...

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