Ukraine Calls for Another Gas Deal with Russia, 20% Debt Write-Down with Russia,Ukraine hopes to return to last winter’s gas deal. Ukrainian Prime Minister Arseniy Yatsenyuk said last Friday that Ukraine and Russia should implement a similar deal to the one reached last winter for the coming months, reports the Associated Press. “We are convinced…
UK Oil & Gas Authority has approved the development of what has been described as the largest new gas field discovered in the UK North Sea, the Culzean. The field, operated by Maersk Oil is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21. Culzean is also…
Rig Manager who Stole $3.5M from Maersk Drilling Jailed for 4 years Maersk Drilling, a Danish offshore drilling contractor, has won the case against its former employee of Russian origin. Namely, the employee, named Vladimir Volkov, according to Danish media, has been sentenced to four years in prison for defrauding the company. The 30-year-old, living…
Total To Sell $5.5 Billion in Assets in 2015, as reported by Tech news team that the French oil and gas major Total concludes £585m deal to sell North Sea oil and gas assets itself of £585m of its North Sea assets to North Sea Midstream Partners. When the price of a commodity falls, there are two ways…