A thirty day public consultation on plans to commence decommissioning of the Brent oil and gas field in the North Sea will begin week commencing Monday February 16. The field has produced around 10% of all UK North Sea oil and gas and generated more than £20bn of tax revenue [...]

GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future. This joint technology-focused program is aimed at driving an industrial response to some of the biggest challenges facing global oil and gas production, including [...]

Technip awarded two subsea contracts in the Gulf of Mexico by Stone Energy Corporation. Leveraging its unique subsea vertical integration. Unique vertical integration - Technip to design, manufacture and install the flexible pipe - First class assets and technologies - Technip to leverage its technologically advanced manufacturing plant and high [...]

WorleyParsonsCord has been selected to provide fabrication, modularization and construction services in an agreement with a major exploration and production company in Canada to construct a significant oil sands mining project. The services will be led and executed by the WorleyParsonsCord Edmonton Operations location, which has been delivering construction services [...]

On behalf of the Johan Sverdrup partnership Statoil will today sign a detail engineering contract for the Johan Sverdrup development with Aker Solutions. Worth NOK 4.5 billion the contract includes engineering and procurement management (EPma) until the scheduled production start in 2019. The contract includes engineering and procurement management for [...]

Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project, and to stop further work on the project. The decision came after a careful and thorough evaluation of commercial quotations from EPC (engineering, procurement and construction) bidders, which showed high capital costs rendering it [...]

Anglo-Dutch supermajor Shall says it has received US approval to export a very light form of crude that has undergone minimal processing, according to reports. Shell had been working with the US Department of Commerce's Bureau of Industry & Security (BIS) on how to ship lightly processed condensate overseas without [...]

Total Energy Ventures (TEV), the venture capital arm of French energy company Total, is investing in Stem, which specializes in energy optimization solutions for commercial and industrial (C&I) customers and grid operators. Founded in 2009, California-based Stem helps manufacturers and services-sector businesses reduce their electricity bills through an integrated solution [...]

Thailand's PTT plans to import 5 million tonnes of liquefied natural gas this year, up from last year's total of about 2 million tonnes. The company revealed the plan in a statement on Thursday which also revealed it was about to take its first 90,000-tonne carg from Qatar Liquefied Gas [...]

Shell’s Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has today announced a £55 million settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008. The £55 million settlement provides for an individual payment to each claimant who accepts the [...]

Chevron Corporation today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron's second discovery in the deepwater Gulf in less than a year. "The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the [...]

Oil prices remained near five-and-a-half year lows in early Asian trading on Wednesday after prices saw yet more heavy falls in the previous session, and analysts said a supply glut meant that more falls were likely before a rebound. Global oil markets on Tuesday slumped for a fourth straight session [...]