The Gazprom-led Shtokman gasfield development project has been shelved after the sponsors – Gazprom 51%, Total 25% and Statoil 24% – failed to reach a final investment decision last month.

The sponsors and arrangers of the $1.925 billion Ethylco petrochemicals project will issue an information memorandum to banks

Petrobras has signed 15-year charter contracts with Odebrecht and Etesco to operate nine drillships that will be built in Brazil