While the cash infusion would be invaluable in the condition Seadrill is in now, the value of the 5 year Husky Energy contract loss following Hyundai’s delivery delay dwarfs this settlement sum. Spread over the duration of the lost contract’s 5-year duration, this settlement translates to a notional day rate of US$93,000 a day, a…
Petronas : Production By Hydrocarbon Type 2014 to 2016 Despite the slump in oil prices over the past 2 years, Petronas has largely maintained production levels. In fact, total production peaked in the first and last quarters of 2016 at the most depressed moment of the downturn. While it would seem common commercial sense to turn…
March 12, 2017 NEW YORK (AP) — A defiant Manhattan federal prosecutor, in announcing his firing after he refused to resign, says “absolute independence” was his touchstone for over seven years as he battled public corruption. Preet Bharara, 48, revealed his firing Saturday on his personal Twitter account. Several hours later, it was learned President…
Introduction With oil production starting in the middle of the 19th century, Malaysia has amongst the more developed oil and gas industry in Southeast Asia. Together with Indonesia, Malaysia has been the lynchpin of the hydrocarbon industry in the region in its nascent stage. And in more recent times, alongside the world’s largest…
