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22 June 2018
Oil prices surge as OPEC struggles to reach deal on production
Oil prices have increased more than 1% as OPEC is struggling to reach an agreement over production policy at its biannual meeting in Vienna, Austria.
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22 June 2018
Shell completes sale of interest in Bongkot field for $750m
Shell’s affiliates Shell Integrated Gas Thailand and Thai Energy Company have closed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand in a deal...
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22 June 2018
Deals and M&As this week: Royal Dutch Shell, Solstad Farstad, HALO
Royal Dutch Shell, through its subsidiary Norske Shell, has entered an agreement with OKEA to divest its 44.56% interest in the Draugen oil field and 12% interest in the Gjoa...
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21 June 2018
Eni completes sale of 10% stake in Shorouk concession offshore Egypt
Eni has completed the sale of 10% of its stake in the Shorouk concession offshore Egypt to Mubadala Petroleum, a subsidiary of Mubadala Investment Company.
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21 June 2018
Oil prices fall ahead of OPEC meeting in Vienna
Oil prices have declined as the producers group The Organization of the Petroleum Exporting Countries (OPEC) is on the verge of reaching an agreement to raise crude output following months...
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21 June 2018
Akastor to sell 50% stake in Akofs Offshore for $142.5m
Norwegian company Akastor has signed a share purchase agreement to transfer a 50% stake in Akofs Offshore to Mitsui & Co and Mitsui OSK Lines (MOL) for around $142.5m.
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20 June 2018
Oil prices rise on fall in US crude stocks and Libyan supplies issue
Oil prices have increased in the wake of a dip in US commercial crude stockpiles and a supply disruption in Libya.
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20 June 2018
Cox Oil affiliate to acquire Energy XXI Gulf Coast for $322m
An affiliate of Cox Oil has signed a definitive agreement to acquire all the outstanding shares of US-based exploration and production company Energy XXI Gulf Coast (EGC) for nearly $322m.
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20 June 2018
Aker Solutions shifts SAP applications to SAP’s Cloud
Aker Solutions accelerates its digitalisation efforts by shifting its internal SAP applications to SAP's Cloud, to boost operations and efficiency.
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19 June 2018
Santos awards three engineering contracts for Barossa gas field
Santos has awarded three engineering contracts, thereby advancing the front end engineering and design (FEED) phase of the Barossa offshore project further.
