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3 August 2020
Marathon announces $21bn sale of Speedway in Q2 earnings call
Marathon Petroleum has announced the sale of its filling station and store business Speedway to retail chain 7-Eleven, for $21bn.
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3 August 2020
IOG awards EPCI contract for Phase 1 platform of Core gas project
UK-based oil and gas company Independent Oil and Gas (IOG) has ordered two offshore platforms for its Core Project Phase 1 development to Dutch contractor HSM Offshore.
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3 August 2020
UK-based Noble Corporation files for bankruptcy to handle $3.4bn debt
Offshore oil and gas driller Noble Corporation has announced it has filed for chapter 11 bankruptcy protection to restructure debt, following a historic crash in crude oil prices.
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3 August 2020
Crane collapse at Hindustan Shipyard in India kills ten people
A newly built crane has collapsed in Hindustan Shipyard (HSL) in Visakhapatnam, India, during the load testing, killing ten workers.
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3 August 2020
Oil prices fall on concerns over rise in output by OPEC
Oil prices have edged down due to oversupply concerns as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, is set to increase output this...
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31 July 2020
Equinor to transfer Bressay oil field operatorship to EnQuest
Norwegian oil and gas company Equinor has agreed to sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development east of Shetland on the UK continental...
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31 July 2020
French firm Total agrees to sell some Gabon assets to Perenco
French oil major Total has announced that its 58%-owned affiliate Total Gabon had agreed to sell its stakes in seven oil fields off the coast of Gabon to Perenco.
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31 July 2020
Oil prices rise due to weaker dollar
Oil prices have inched higher due to a weaker dollar in the wake of continuing concerns over the recovery of the US economy, which has been hit by an increase...
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30 July 2020
Oxy in talks to sell $4.5bn energy assets to Pertamina
International oil and gas exploration and production company Occidental Petroleum (Oxy) is reportedly holding talks to sell energy assets in Africa and the Middle East to Indonesian oil and natural...
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30 July 2020
ABB unveils new analytics software to help optimise operations
International technology company ABB has unveiled new analytics software and services that combine operational data with engineering and information technology (IT) data.