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Woodside invests in LNG platforms

Woodside has invested in two online LNG platforms designed to facilitate greater price transparency, efficiency and compliance in LNG markets. The platforms will support the evolution of the LNG trading market and the provision of precise real-time information, enabling market participants to more effectively match supply with demand under clearly defined governance frameworks. GLX was launched in 2016 and its…



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Subsea 7 nets contract hat-trick

Study awards on project trio could lead to lucrative EPCI deals for UK contractor with co-venturer OneSubsea Subsea 7 has netted a potentially lucrative contract haul from Woodside Petroleum for engineering studies on three projects that could be worth more than $750 million in total for the UK-based contractor. The contracts, awarded since last December, cover studies to finalise the…



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Yinson seals Nigeria FPSO deal worth up to $902m

Malaysian floater player to supply local independent First E&P with unit to exploit Anyala and Madu fields Malaysia’s Yinson Holdings has firmed up a deal to provide Lagos-based independent First E&P with a floating production, storage and offloading unit off Nigeria. The long-term deal will see Yinson deploy an FPSO, to be named Abigail-Joseph, on the Anyala field to exploit…



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Egypt dangles incentives to draw more oil, gas investors

CAIRO (Bloomberg) -- Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year. The contract will provide investors with incentives to explore for fossil fuels in undeveloped areas, Egypt’s oil minister Tarek El-Molla said in an interview. He didn’t provide…



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Chevron to keep Shelf Drilling jack-up in Nigeria for another six months

Offshore drilling contractor Shelf Drilling has secured a six-month contract extension for the Shelf Drilling Resourceful jack-up rig. Shelf Drilling said on Monday that the six-month extension was in direct continuation of its current contract for drilling operations offshore Nigeria. According to information provided by VesselsValue, the Shelf Drilling Resourceful rig has been working for Chevron offshore Nigeria since early 2018.…



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Oil Prices Down by over 1 percent due to Increase in U.S. Drilling

Oil prices fell by more than 1% on Monday as U.S. drilling activity picked up, even as a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large crude distillation unit. U.S. West Texas Intermediate (WTI) crude futures were at $51.92 per barrel at 0144 GMT, down 80 cents, or 1.5%, from their last settlement.…

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