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17 October 2018
McDermott begins fabrication for Tyra offshore redevelopment
McDermott International has commenced fabrication for Total’s Tyra redevelopment project located in the Danish Sector of the North Sea.
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17 October 2018
Pemex sells $2bn bonds to fund investment and refinance debt
Mexican state-owned petroleum company Pemex has reportedly sold $2bn of its bonds.
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17 October 2018
Titan Torque invests in new torque system to double capacity
Scotland-based oilfield services provider Titan Torque has invested in new torque system designed by EnerQuip. The acquisition is expected to double the company’s operational capacity.
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16 October 2018
Shell and Equinor reaffirm commitment to Tanzania LNG project
Shell and Equinor have confirmed their commitment to the $30bn Tanzania LNG project that will allow the African nation to export natural gas.
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16 October 2018
Global oil prices drop on expectations of rise in US crude inventories
Global oil prices have dipped amid expectations of a hike in US crude inventories. However, losses were capped by reports of a fall in Iranian oil exports.
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16 October 2018
Saipem wins three offshore engineering and construction contracts
Italian oil and gas contractor Saipem has secured three new offshore engineering and construction (E&C) contracts in Azerbaijan, the North Sea and the Republic of Congo, which together are valued...
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16 October 2018
Equinor to sell stake in King Lear gas discovery to Aker for $250m
Equinor has reached an agreement to offload its 77.8% operated interest in the King Lear gas discovery on the Norwegian Continental Shelf (NCS) to Aker BP for a cash consideration...
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15 October 2018
Qatar Petroleum to manage Idd El-Shargi North Dome field
Qatar Petroleum has announced its plans to manage and operate the Idd El-Shargi North Dome (ISND) field, which is located 85km off eastern coast of Doha.
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15 October 2018
Oil prices rise over prominent Saudi journalist disappearance
Global oil prices have increased amidst supply concerns due to rising tensions between oil major Saudi Arabia and the US over the disappearance of well-known Saudi journalist Jamal Khashoggi.
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15 October 2018
KBR subsidiary wins FEED services contract for BP’s Tortue project
KBR’s UK operating subsidiary has secured a contract from BP to provide front-end engineering design (FEED) services for the first phase of the Tortue field hub / terminal development located...
