U.S. Steel Tariff Could Impact Shell GoM Decisions
A potential tariff on U.S. steel imports could affect Royal Dutch Shell's plans to go ahead with a major oil field development in the Gulf of Mexico, a company executive said on Wednesday. Wael Sawan, who heads Shell's deepwater operations…
Azerbaijan Ratifies Oil Deal with BP-led Consortium
Azerbaijan's parliament on Tuesday ratified a new oil field development contract between the Caucasus nation and a BP-led consortium. BP and Azerbaijan agreed in September to extend to 2050 the contract to develop the country's biggest oilfields…
Genoil Bolsters Management Team
Genoil Inc. (GNOLF), the publicly traded clean technology engineering company for the petroleum industry, has announced the addition of a special adviser to its management team with the appointment of Douglas A. Phillips…
Aker Solutions to Deliver FPSO Concept Study
Aker Solutions won an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off by Statoil…
Aker Bags Johan Castberg FPSO Concept Study
Aker Solutions has secured an order from Statoil to provide a concept study for a floating production, storage and offloading facility for the Johan Castberg oil field development in the Barents Sea. The order is a call-off…
JRI,MHI, INPEX Tie-up for METI's Feasibility Study
The Japan Research Institute, Mitsubishi Heavy Industries, Ltd. and INPEX CORPORATION have submitted a joint proposal in response to a public offer by the Ministry of Economy, Trade and Industry (METI) on "Feasibility Study…
Iran Delays London Oil Conference to Feb 2015
Iran has postponed by three months a conference to offer multinationals the rights to develop oil deposits, giving time for sanctions on the country's oil sector to be lifted, a senior official said on Monday. "We want to…
Arctic Energy Exploration Efforts Heat Up
Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the gas and oil resources can be recovered in the Arctic…
MSI Orders AXYS Buoy for Oil Field Development
AXYS Technologies Inc. (AXYS) has secured a contract with its Australian partner Metocean Services International Pty Ltd. (MSI), to provide and deploy a 3-meter ODAS (Ocean Data Acquisition System) buoy and a Subsurface Sentinel…
