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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 project.   The project will feature construction of a normally unmanned platform and associated subsea infrastructure.   The project will feature five subsea wells, which…
French engineering and construction firm Technip has secured a contract from Deep Gulf Energy II to develop the Kodiak field in the Gulf of Mexico.   The field is located in Mississippi Canyon Blocks 727 and 771 at water depths ranging from 1,472m to 1,710m.   The project includes a…
The price of Brent crude oil traded below $97 per barrel on Monday amid weak Chinese economic data.   Reuters reported that October Brent declined to as low as $96.21 a barrel while US crude was down $1.00 at $91.27.   The news agency said the factory output growth in…
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 data.   Reuters reported that November Brent fell down 17 cents to $97.71 a barrel while US…
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 output.   Reuters reported that Brent declined 25 cents to $98.80 a barrel and US crude was down 25 cents to…
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