The founder and CEO of BlackRock, one of the world’s largest investment firms,...
CNOOC plans to increase its 2020 capex to $13.79bn
China’s state-owned offshore oil and gas major CNOOC has announced plans to increase its 2020 capital expenditure (capex) from CNY85 billion to CNY95 billion ($12.34 billion to $13.7 billion).
Complicated compensation scheme discourages major IOCs to partner with Petrobras in Buzios Block
In the full development of Buzios, TOR portion of the contract receives much smaller part of production once PSA plan starts in 2021.
UK leads planned and announced projects in north-west Europe by 2025
Norway and the UK are expected to be the highest capital expenditure spenders on key planned projects with about US$13.9bn and US$4.3bn respectively, during 2019–2025.
Abu Dhabi Investment Authority to invest in Saudi Aramco IPO
The Abu Dhabi Investment Authority (ADIA) is looking to invest between $1bn and $2bn in Saudi Aramco’s initial public offering (IPO), according to a report by Reuters.
Read our magazine
Offshore Technology Focus is the essential reading material for decision-makers in the offshore oil & gas industry, bringing you the latest news and analysis in an exciting, interactive format.