News / International
Permits Issued in Norway for Vega Transfer, Barents Sea Well
Petroleum Safety Authority Norway has sanctioned Wintershall Norge’s use of the subsea production facilities on the Vega field in the Norwegian Sea.
Drop in Oil Prices Causes Mexico to Cut Spending
Mexico will cut government spending by $8.4 billion this year because of a drop in revenues due to declining oil prices.
Shell Slashes Spending for 2015-2017
Royal Dutch Shell PLC has curtailed more than $15 billion in potential spending over the next 3 years, but is not “not overreacting to current low oil prices,” and is keeping its “best opportunities on the table,” the company says.
Mergers and Acquisitions in Oil and Gas Industry at 10-year High
Mergers and acquisitions (M&A) in the oil and gas industry hit 10-year highs in terms of deal value and volume in 2014, according to PwC US.
Myanmar Opens Deep Sea Port
Myanmar has officially opened a deep sea port off its western coast, part of a $2.45 billion port and pipeline project that will carry crude oil from the Middle East to China.
US Senate Approves Keystone XL Pipeline
The US Senate has passed a bill approving construction of the proposed Keystone XL crude oil pipeline by a 62-36 vote after 3 weeks of debate.
OPIC Plan for Liberia Biomass Collapses
BUCHANAN, Liberia (AP) — On paper, the pitch was simple: A renewable energy company backed by $217 million in U.S. government loans would convert one of Africa's poorest countries into the world's first biomass-driven economy. But the plan to help Liberia collapsed amid questionable business decisions and oversight.
Eni Leases $2.54-billion Contract for Ghana FPSO
Eni SPA unit Eni Ghana Exploration & Production Ltd. has let a $2.54-billion contract to Malaysia’s Yinson Holdings Bhd. for the chartering, operation, and maintenance of a floating production, storage, and offloading vessel to process oil and gas from the Offshore Cape Three Points (OCTP) block in the Tano basin, 60 km offshore Ghana.
