Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude.
Source: Offshore
Oil Traders Try Crude-Pricing Alternatives as US Output Soars
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Aibel secures a contract from Statoil for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit.
Source: Offshore
Aibel Secures Statoil Njord Bravo FSU Contract
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Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.
Source: Offshore
UK's Weir To Buy U.S. Mining Tools Maker ESCO For .05B
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A report by Deloitte identifies how E&Ps can build a portfolio to fit the future of their business.
Source: Offshore
BLOG: Upstream Companies, Is Your Portfolio in Shambles?
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Plastic packaging makers may be less credit-worthy in the future as governments try to curb marine litter, Moody’s Corp. said in a report.
Source: Offshore
Plastic Makers' Credit Ratings May Be Hit by Pollution Rules
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British PE firm Actis will fund the building of the Douala Grand mall in Cameroon in an investment worth US$200mn according to a statement from the British High Commission in Yaounde
Source: African Review
British PE firm Actis to fund Cameroon mall development
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Building Energy has signed power purchase agreements with the South African state-owned utility Eskom Holdings SOC Ltd to build, own and operate a 147MW wind plant in Roggeveld and a 4.7MW mini hydroelectric plant in Free State
Source: African Review
Building Energy to develop wind and hydroelectric plants in Africa
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The UK’s Oil & Gas Technology Centre and Air Control Entech launch a set of new unmanned aerial vehicles.
Source: Offshore
OGTC, ACE Launch New UAVs
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CNOOC sells LNG cargoes on a domestic exchange for the first time.
Source: Offshore
CNOOC Sells LNG In Debut Shanghai Auction As China Aims To Boost Supplies
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Eni S.p.A says the development plan for the Merakes field offshore Indonesia has been approved by the country’s minister of energy and mineral resources.
Source: Offshore
Eni: Development Plan for Merakes Field Approved
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