Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near... Read More


  Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway will become a 50-50 joint venture wit... Read More


  Repsol has agreed with Talisman energy to acquire 100% of the shares of the Canadian company for US$8.3 billion (EU6.64 billion), plus assumed debt of US$4.7 billion. The transaction has been approved and recommended by the Board of Dir... Read More


  BP confirmed today that operations have started at the Sunrise Phase 1 in-situ oil sands project in Alberta, Canada, with the start of steam generation. Husky Energy is the operator of Sunrise, a 50/50 joint venture with BP. Sunrise... Read More


  The suspensions are also a result of the failed attempts to mature alternative tasks for the rigs.   “When the rig contracts were signed it was challenging to ensure sufficient rig capacity. Today the activit... Read More


  HOUSTON, Dec. 1, 2014 -- Cameron (NYSE: CAM) announced today that it has been awarded a multi-year contract by ExxonMobil Canada Properties for wellhead equipment and production trees for the Hebronproject, a 52-well deve... Read More