Category: Oil and Gas

Transocean, Chevron sign £650m drilling and rig construction agreement

Switzerland-based world’s largest offshore drilling contractor Transocean has announced that it has inked a rig and drilling deal with Chevron, a multinational energy corporation, valued at over £650 million. Apparently, this contract involves rig design and construction management along with a five-year long drilling agreement. …

Sonangol and BP team up to develop the Platina field offshore Angola

Angola-based Sonangol has recently made it to the headlines for entering into an agreement with BP Plc, the London-headquartered oil & gas industry major, for working towards an FID (final investment decision) on the Platina field development in deep-water Block 18, offshore Angola. Reportedly, the …

Uniper inks LNG transportation agreement with Mitsui OSK Lines

Uniper, the global energy supply company, has reportedly entered into agreements with the Japanese shipping company Mitsui O.S.K. Lines to handle transport deliveries of liquefied natural gas (LNG) into Germany. Lately, there have been intense discussions about LNG in Germany, as the regional government aims …

Shell in talks to buy Endeavor Energy as the company price tag drops

Chevron, ExxonMobil, and ConocoPhillips had also expressed their interest to buy Endeavour, however, their interests have now waned. Shell is conducting negotiation talks to acquire the company for approximately $8 billion. Royal Dutch Shell plc. (Shell), a renowned British-Dutch oil & gas firm, is reportedly …