22/08/2017 09:02am
Petrofac has sold its 50 per cent interest in Petro-SPM Integrated Services S.A. de C.V to Schlumberger who now owns 100 per cent of Petro-SPM, which operates the Pánuco field in Mexico.
22/08/2017 08:07am
Houston-based KBR, Inc. said it was awarded a Front End Engineering Design (FEED) management contract by Occidental for ADNOC’s Hail and Ghasha Development project in Abu Dhabi.
21/08/2017 02:05pm
Abu Dhabi-listed Dana Gas said it has applied to the Sharjah Court to lift an injunction which blocked stakeholder claims against a $700 million Islamic bond it had declared unlawful and attempted to restructure.
21/08/2017 01:20pm
Russia's largest oil producer Rosneft and partners including Trafigura Group and United Capital Partners have finalised their $12.9 billion purchase of India’s Essar Oil Ltd (EOL) ten months after announcing the deal.
21/08/2017 09:23am
France’s Total said it has fully acquired E&P firm Mærsk Oil for US$7.45 billion in a share and debt transaction, making the French oil major the second largest operator in the NW Europe offshore region.
20/08/2017 09:32am
Topaz Energy and Marine swung to a loss in the first half of the year as severe pressure on rates and utilisation hit earnings in what it called “a volatile and unpredictable market,” but it also raised debt to plan for future growth.
20/08/2017 08:54am
Silver Run Acquisition II, the start-up led by former Anadarko Petroleum chief executive James Hackett, has agreed to combine with Alta Mesa and privately held Kingfisher Midstream both focused on Oklahoma's Stack play in a deal valued at $3.8 billion.
17/08/2017 09:12am
Italy’s Saipem said it has been awarded an onshore E&C contract by Kuwait Oil Company’s unit for approximately US$850 million for the Al Zour refinery in the south of Kuwait.
17/08/2017 08:44am
Shell said it completed the sale of its 50 per cent stake in SADAF, the Saudi petrochemical joint venture, to partner SABIC for US$820 million, as part of its wider divestment programme that will focus activities on high-growth investments.
16/08/2017 01:09pm
UAE’s Dana Gas reported a marginally higher second quarter net profit as the energy firm as its revenues rose and the cost of finance dropped.
16/08/2017 09:45am
Houston-based KBR, Inc. said it was awarded a project management consultancy contract by Occidental for three of ADNOC’s Abu Dhabi’s upstream gas development projects.
16/08/2017 07:09am
Samsung Engineering has been awarded two contracts worth US$500 million from subsidiaries of Thailand's state-owned oil and gas company PTT for a petrochemical project and a power generation project located in Rayong, 150 km southeast of Bangkok.
16/08/2017 07:09am
Samsung Engineering has been awarded two contracts worth US$500 million from subsidiaries of Thailand's state-owned oil and gas company PTT for a petrochemical project and a power generation project located in Rayong, 150 km southeast of Bangkok.
16/08/2017 04:50am
Transocean has announced that it is buying Norway's Songa Offshore in a deal valued at around US$3.4 billion that will see it increase its fleet to 51 vessels.
15/08/2017 03:04pm
Schlumberger awarded a contract for two onshore rigs to UAE rig-builder Lamprell, while its Cameron subsidiary reached an amicable settlement with the builder over jacking equipment issues.
15/08/2017 09:00am
BP said started gas production from its US$2 billion Trinidad and Tobago offshore project, the fifth of oil major’s seven upstream start-ups planned for the year.
15/08/2017 09:00am
BP said started gas production from its US$2 billion Trinidad and Tobago offshore project, the fifth of oil major’s seven upstream start-ups planned for the year.
15/08/2017 08:35am
Sadara Chemical Company (Sadara), a US$20 billion joint venture between Saudi Aramco and U.S. firm Dow Chemical has commissioned the last of 26 plants at its petrochemicals complex in Jubail, Saudi Aramco said.
15/08/2017 07:46am
Australia’s Speedcast International a remote communication and IT solutions company said it was awarded a satellite ground station license to operate in Iraq through its locally licensed entity.
14/08/2017 01:51pm
DNO ASA, Middle East and Africa-focused oil and gas firm has submitted the result of its feasibility studies on Iran's Changuleh Oilfield to the National Iranian Oil Company (NIOC), Iranian oil ministry said.