Major international oil companies have scooped up offshore exploration acreage in the South Porcupine Basin, Irish officials announced on Thursday. Located in…
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Abu Dhabi's ADNOC has signed a 15-year LNG deal for the supply of 1 million tonnes per year to Indian Oil.
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KBR has won engineering contracts from Seatrium for the topsides facilities of two new FPSOs to be deployed by Petrobras in…
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Equinor has cancelled offshore wind projects in Spain and Portugal and exited Vietnam's offshore wind market.
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BP has divested four offshore gasfields in Trinidad and Tobago to French independent Perenco.
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Major international oil companies have scooped up offshore exploration acreage in the South Porcupine Basin, Irish officials announced on Thursday. Located in…
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Total saw a 26% fall in adjusted net income for Q4 2015, falling from USD 2.8 billion the year before to USD 2.1 billion, according to its financial report published…
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Frank Baker, the UK’s ambassador to Iraq, talks to TOGY about how his embassy is assisting UK companies doing business in Iraq and the continued appeal of the Iraqi…
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India’s state-run Oil and Natural Gas Corporation is considering a USD 500-million investment to restore a Venezuelan asset, Bloomberg reported Tuesday.
“We are…
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Morgan Stanley expects the oil markets to rebound before the end of 2016 and to gradually reach USD 70 per barrel by year-end 2018, the financial services firm said on…
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SapuraKencana has signed agreements to the tune of USD 382 million, the Malaysian oilfield services major said Thursday.
The majority of the work will be executed…
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Anglo-Dutch oil major Shell has confirmed it will cut as many as 10,000 jobs as a response to a dramatic fall in profits. The company recorded USD 1.8 billion in…
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ExxonMobil 2015 profits slid by 50% from the previous year’s USD 32.5 billion to USD 16.2 billion as its US upstream segments depreciate due to the low price of oil,…
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Oil major BP posted Q4 2015 profits of USD 196 million, undercutting analysts’ expectations by more than USD 620 million. The company recorded a profit of USD 2.24…
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