Subsea 7 Awarded $150 million North Sea Culzean Development Contract Subsea 7 has revealed according to the BBC it won the award of a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil with a value in excess of $150 million for the Culzean development. The Culzean, one of the largest gas discoveries offshore…
BG Group wants to Sell Gas Field for $1.2 billion BG Group plc, which is being acquired by Royal Dutch Shell plc, has put up for sale its 22.2 percent stake valued at around $1.2 billion in Thailand’s huge Bongkot offshore gas field, people familiar with the matter said. The move represents the first major…
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…