Oil prices rise as US-Iran tensions intensify amid Hormuz closure
Oil futures rose on Thursday 11 June amid heightened tensions between the US and Iran and reports that the Strait …
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Saipem wins $1bn contract for Uthmaniyah gas plant in Saudi Arabia
Italian oilfield services provider Saipem has secured a new onshore contract valued at approximately €900m ($1.04bn) for the Uthmaniyah Gas …
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EnQuest to acquire Malaysian offshore PSC interests for $833m
EnQuest Petroleum Production Malaysia, a wholly owned affiliate of UK-based EnQuest, has agreed to acquire participating interests in four offshore …
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JERA to buy around 2mtpa of LNG from Petronas in 20-year deal
Japan’s JERA has agreed to procure up to nearly two million tonnes per annum (mtpa) of liquefied natural gas (LNG) …
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Oil steady as US-Iran tensions offset expected US stock draw
Oil prices held largely steady on Wednesday 10 June as new tensions between the US and Iran blurred the market’s …
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JERA to buy around 2mtpa of LNG from Petronas in 20-year deal
Japan’s JERA has agreed to procure up to nearly two million tonnes per annum (mtpa) of liquefied natural gas (LNG) …
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Oil steady as US-Iran tensions offset expected US stock draw
Oil prices held largely steady on Wednesday 10 June as new tensions between the US and Iran blurred the market’s …
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BP announces two-segment overhaul to simplify operations
BP has announced plans to reorganise its operations into two primary business segments, Upstream and Downstream, effective from 1 July …
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Shell-led partnership finds oil at Namibia’s PEL 0039 with Merlin-1X
Shell and its partners QatarEnergy and NAMCOR have made an oil discovery at Petroleum Exploration Licence 0039 (PEL 0039) offshore …
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Vaalco restarts Baobab oil output after FPSO refurbishment
Vaalco Energy has brought oil production back online at the Baobab field on the CI-40 block offshore Côte d’Ivoire after …
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BP awards SLB OneSubsea boosting contract for Thunder Horse
SLB OneSubsea has received a contract from bp to supply a subsea boosting system for the Thunder Horse project, located …
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Eni, Petronas launch Searah JV for Indonesian and Malaysian assets
Eni and Petronas have finalised the establishment of Searah, a 50:50 independent joint venture (JV) that will oversee a significant …
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Technip and partners win EPCIC contract for Coral Norte FLNG project
Technip Energies and its partners have secured an engineering, procurement, construction, installation and commissioning (EPCIC) contract for the Coral Norte …
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WNEL signs rig contract for Mako gas field in Natuna Sea
Conrad Asia Energy’s subsidiary, West Natuna Exploration (WNEL), has signed a contract with Pertamina Drilling Services Indonesia (PDSI) for the …
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Oil prices surge more than $4 amid renewed Israeli strikes on Iran
Oil prices climbed by more than $4 per barrel (bbl) on Monday 8 June following renewed Israeli strikes on Iran …
