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September 2014

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SBM Offshore to work with Noble Energy in two US GoM fields
17 September 2014 Netherlands-based SBM Offshore has secured a contract to work with Noble Energy in the US Gulf of Mexico (GoM) at the Big Bend and Dantzler...

Brent crude oil steadies at $99 on hopes of OPEC output cut
17 September 2014 The price of Brent crude oil has steadied at $99 per barrel on Wednesday on expectations that the Organization of the Petroleum Exporting Countries (OPEC) may cut the 2015...

ONGC Videsh to explore oil and gas offshore Vietnam
17 September 2014 India-based ONGC Videsh has agreed to participate in the exploration of oil and gas offshore...

Oil trades below $98, recovering from two-year low
16 September 2014 The price of Brent crude traded at just below $98 a barrel on Tuesday, recovering from its decline to a two-year low; however, the price was capped by soft demand and weak economic...

Mitsubishi to acquire 20% stake in Ivory Coast offshore oilfield
16 September 2014 Mitsubishi has agreed to acquire a 20% ownership interest in an offshore oilfield offshore Ivory Coast from Anadarko...

Aker Oilfield Services secures $465m contract from Petrobras
16 September 2014 Aker Oilfield Services (AKOFS), a subsidiary of Aker Solutions, has secured a $465m contract from Petrobras to provide subsea intervention services offshore...

Brent declines below $97 on weak Chinese economic data
15 September 2014 The price of Brent crude oil traded below $97 per barrel on Monday amid weak Chinese economic...

Statoil to sell several Norwegian assets to Wintershall
15 September 2014 Statoil has agreed to sell several of its Norwegian oil and gas assets to Wintershall for...

Fox Petroleum plans to build FSRU LNG terminal in Karnataka, India
15 September 2014 Fox Petroleum has unveiled its plans to construct a floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal in the state of Karnataka,...

Price of Brent crude touches above $98 a barrel
12 September 2014 The price of Brent crude oil stood above $98 a barrel, indicating that the market has rebounded following a two-year...

Technip wins contract to develop Kodiak field in Gulf of Mexico
12 September 2014 French engineering and construction firm Technip has secured a contract from Deep Gulf Energy II to develop the Kodiak field in the Gulf of...

Statoil starts production at two North Sea oil fields
12 September 2014 Norwegian oil and gas firm Statoil has started production at its Fram H-North and Svalin C fields in the North...

Brent declines below $98 on continued supply worries
11 September 2014 The price of Brent crude fell below $98 a barrel on Thursday due to concerns of excess supplies and weak worldwide demand amid geopolitical tensions in the Middle...

Dana Gas secures $100m financing for Zora offshore gas field
11 September 2014 Dana Gas has secured $100m of financing to develop the Zora offshore gas field in the northern part of the...

Xcite Energy, Statoil and EnQuest sign collaboration deal for North Sea oil fields
11 September 2014 Xcite Energy Resources, Statoil and EnQuest have signed a collaboration agreement to study the possible use of a common gas import infrastructure between three North Sea oil...

Brent trades below $99 a barrel on weak demand
10 September 2014 Brent crude traded below $99 per barrel today on continued concerns surrounding increasing supplies and weak worldwide...

Technip wins EPIC contract for Juniper offshore gas project in Trinidad
10 September 2014 BP Trinidad and Tobago (BPTT) has awarded an engineering, procurement, installation and construction (EPIC) contract to Technip for the development of its Juniper offshore gas...

Expro wins contract to support BP’s Quad 204 project in UK North Sea
10 September 2014 Expro has secured a seven-year subsea contract from BP for the Quad 204 project, located west of the Shetland Isles in the UK North...

Shell starts oil production from Cardamom field in Gulf of Mexico
09 September 2014 Shell has started oil production from its Cardamom subsea development in the deepwater Gulf of...

Oil trades below $100 on slow economic growth in US and China
09 September 2014 The price of Brent crude declined below $100 a barrel for the first time since June 2013, amid slow economic growth in the US and...

KrisEnergy starts seismic programmes in Sakti PSC, Indonesia
09 September 2014 Singapore-based oil and gas firm KrisEnergy has started seismic programmes in its Sakti production sharing contract (PSC) offshore East Java, Indonesia....