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17 January 2020
TechnipFMC anticipates closing company split deal in Q2 2020
Oilfield services firm TechnipFMC has reaffirmed the timeline for its planned split into two separate diversified pure-play entities.
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17 January 2020
Oil prices remain steady amid weak Chinese economic data
Oil prices have remained steady as weak economic growth in China offset the US-China phase one trade deal optimism.
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17 January 2020
Yinson secures new extension for PTSC Lam Son FPSO in Vietnam
Malaysian floating production storage and offloading (FPSO) provider Yinson has won a short-term extension for its FPSO PTSC Lam Son operating offshore Vietnam.
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16 January 2020
Norway issues 69 offshore exploration licences
Norway’s Ministry of Petroleum and Energy has issued licences and operatorships to companies drilling the North Sea, Norwegian Sea and Barents Sea.
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16 January 2020
SOCAR and BP start drilling at Shafag-Asiman block offshore Azerbaijan
Oil and gas major BP and its partner State Oil Company of the Republic of Azerbaijan (SOCAR) have begun drilling of the Shafag-Asiman block offshore Caspian Sea in the Azerbaijan...
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16 January 2020
Oil prices rise after US-China phase one trade deal
Oil prices have made gains after the United States and China formally signed the previously negotiated phase one trade deal.
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16 January 2020
Aker Solutions to electrify Equinor’s Troll field in North Sea
Norwegian company Aker Solutions has secured a front-end engineering (FEED) study from Equinor to accommodate imports of power from shore for the Troll B and C platforms in the North...
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15 January 2020
BlackRock to divest from fossil fuels
The founder and CEO of BlackRock, one of the world’s largest investment firms, has said in a letter to CEOs that he will use its power to ensure “every government,...
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14 January 2020
Lekoil share trading resumes after alleged scam
Oil discovery and extraction company Lekoil has resumed trading on the London Stock Exchange this morning, after losing $600,000 in an alleged scam deal.
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14 January 2020
UAE to invest $3bn in Indonesia’s energy infrastructure
The United Arab Emirates (UAE) will invest US$3bn in energy projects ranging from oil refineries to infrastructure for electricity in Indonesia through a sovereign wealth fund set up by President...