Offshore News By Categories

Offshore News By Categories

Statoil has agreed to sell several of its Norwegian oil and gas assets to Wintershall for $1.3bn.   The company will sell stakes in four fields, exiting two completely, and divest part of the Polarled pipeline.   As part of the deal, Wintershall will acquire a 24% stake in the…
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…
Fox Petroleum has unveiled its plans to construct a floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal in the state of Karnataka, India.   The offshore terminal, which will be capable of processing one billion cubic feet (bcf) of gas per day, will have a storage capacity of…
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…
Mitsubishi has agreed to acquire a 20% ownership interest in an offshore oilfield offshore Ivory Coast from Anadarko Petroleum.   The company will buy the stake in the deepwater oilfield block CI-103, located about 50km off the coast of Cote d'Ivoire.   The transaction is subject to approvals from Côte…
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