Latest News

Dresser-Rand to supply power generation equipment for Chinese offshore projects

Dresser-Rand to supply power generation equipment for Chinese offshore projects

KBR receives PMC contract for ADNOC's offshore projects

US engineering company KBR has secured a project management consultancy (PMC) contract from Occidental of Abu Dhabi on behalf of the Abu Dhabi National Oil Company (ADNOC) for two gas...

KBR receives PMC contract for ADNOC's offshore projects

Oil prices recover as US crude stocks decline

Oil prices have recovered with the support of falling crude inventories in the US following a fall of more than 1% in the previous session, though high production rates continue to restrict...

Oil prices recover as US crude stocks decline

Oil prices climb high as US inventories decline

Oil prices have increased amid reports of declining US crude inventories, although the gains were largely restricted as the crude market remained oversupplied...

Oil prices climb high as US inventories decline

BP begins production from Juniper field, offshore Trinidad and Tobago

BP Trinidad and Tobago (BPTT) has commenced gas production from its Juniper field in the East Mayaro...

BP begins production from Juniper field, offshore Trinidad and Tobago

Transocean to acquire Songa Offshore for $3.4bn

Transocean to acquire Songa Offshore for $3.4bn

Statoil starts drilling on the Verbier Prospect, UK North Sea

Statoil (UK) has commenced drilling operations on well 20/05b-13 in UK Seaward Licence P.2170, blocks 20/5b & 21/1d, located in the North Sea,...

Statoil starts drilling on the Verbier Prospect, UK North Sea

Bumi Armada wins $134m EPCI contract in Caspian Sea

Bumi Armada Caspian has secured a contract valued at nearly $134m with Lukoil-Nizhnevolzhskneft to provide additional engineering, procurement, construction and installation (EPCI) services...

Bumi Armada wins $134m EPCI contract in Caspian Sea

Graninvestimentos and Royal IHC partner to provide offshore services

Dutch company Royal IHC and Brazil-based GranInvestimentos have joined forces to provide integrated lifecycle solutions to oil and gas sector...

Graninvestimentos and Royal IHC partner to provide offshore services

Waypoint to support Hevilift's offshore oil and gas operations

Global helicopter leasing company Waypoint Leasing (Ireland) has agreed to deliver one AW139 helicopter to Hevilift Group to support the company's offshore oil and gas operations in...

Waypoint to support Hevilift's offshore oil and gas operations

Oil prices slip over fall in Chinese refinery output

Oil prices have declined as a result of a slowing down of Chinese refining activity, raising doubts over the outlook of its future crude demand alongside increasing shale output in the...

Oil prices slip over fall in Chinese refinery output

M&As this week: GATE, Well-Safe Solutions

GATE has completed the acquisition of PDI Solutions for an undisclosed purchase...

M&As this week: GATE, Well-Safe Solutions

Parkmead completes UK North Sea asset acquisition

Oil and gas group Parkmead has completed the previously announced acquisition of 50% interest in the UK North Sea Licence P.2209 from Verus Petroleum...

Parkmead completes UK North Sea asset acquisition

Odfjell Drilling wins rig contract from Aker BP

Odfjell Drilling wins rig contract from Aker BP

Oil prices climb higher as US inventory falls

Oil prices have increased after official figures showed a larger than expected fall in US crude stocks....

Oil prices climb higher as US inventory falls

ICL signs MoU with Energean for $2bn natural gas supply deal

Specialist chemicals company ICL has signed a non-binding memorandum of understanding (MoU) with Energean Israel for a long-term supply of natural gas for a total consideration of nearly...

ICL signs MoU with Energean for $2bn natural gas supply deal

Engie E&P UK reports first gas from Cygnus Bravo platform

Engie E&P UK reports first gas from Cygnus Bravo platform

Oil prices fall as doubts over OPEC’s ability to rebalance market increases

Oil prices have declined as doubts over OPEC’s capacity to curb crude supplies strengthen, completely negating the gains received from the reports of a drop in US oil...

Oil prices fall as doubts over OPEC’s ability to rebalance market increases

ADNOC in talks for new offshore oil concession

The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with multiple potential partners who have shown interest in the offshore concession currently operated by the Abu Dhabi...

ADNOC in talks for new offshore oil concession

Topaz secures $100m vessel supply contract with Dragon Oil

Topaz secures $100m vessel supply contract with Dragon Oil

Oil prices marginally gain as Saudi Arabia plans to cut exports

Oil prices have gained marginally after reports of lower crude supplies from Saudi Arabia set to start next month negated the impact of the ongoing high output from prominent exporters,...

Oil prices marginally gain as Saudi Arabia plans to cut exports
cachename:Newscachekey:rd-1665407042_1857678299_rd-488908060_1460672566_rd1460672566_371857150_ap1460672566_1857678299_1008870904