LONDON–Royal Dutch Shell announced that it signed two offshore oil and gas Production Sharing Contracts, or PSCs, with the China National Offshore Oil Corporation, or CNOOC, and a PSC amendment with CNPC, the China National Petroleum Corporation, for a new development phase for the Changbei gas field in China.
HOUSTON — Encana Corp. posted a hefty second-quarter net loss after recording a $1.7 billion non-cash, after-tax impairment charge mainly from the decline in natural-gas prices, and said further impairment charges are likely given the current pricing environment.
HAMILTON, Bermuda – Seadrill has received a commitment from a major oil company for new contracts on newbuild drillships West Auriga, West Vela and a third drilling unit currently in operation, which will be named later.
AMARILLO, Texas — EnergyNet announced that the state of North Dakota has retained EnergyNet to provide web-based auction services for the State's oil, gas and other mineral leases.
STAVANGER — – Aker Solutions' subsidiary Aker Oilfield Services has received a contract from Total E&P Angola for providing subsea intervention services from the oil services company's purpose-built intervention vessel, Skandi Aker.
Australia faces the duo challenges of producing more engineers for the LNG industry and retaining its graduate talent-pool.