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Shell Sells its Danish Upstream Assets for $1.9 Bln

Oct 17, 2018

Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.The sale brings Shell's three-year $30 billion divestment plan close to its conclusion…

Gulf Marine Services Bags New Contract

Oct 17, 2018

UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, said it secured a new contract for one of its Small Class vessels.The new charter…

Petrobras Forms JV with Murphy in Gulf of Mexico

Oct 11, 2018

Brazil's state-controlled oil company Petroleo Brasileiro SA is forming a joint venture with Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico, the Brazilian company said on Wednesday in a securities filing.According to the filing…

Angola Could Partially List Oil Company Sonangol

Oct 11, 2018

Angola, Africa's second largest crude producer, could partially list state oil company Sonangol, a spokesman for the ministry of mineral resources and oil said on Thursday.This follows comments by Mineral Resources and Oil Minister Diamantino Azevedo…

Worker Found Dead at Bosnia Oil Refinery Hit by Blast

Oct 10, 2018

The powerful blast that rocked Bosnia's Brod oil refinery late on Tuesday has left one worker dead, officials said as they raised the figure for the number injured to nine.Firefighters put down the blaze at the plant's oil and gas processing…

Chevron becomes first oil major to exit Norway

Oct 10, 2018

U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…

US Grants BP, Serica Licence to Run Iran-owned North Sea Field

Oct 09, 2018

BP and Serica Energy received a conditional licence from U.S. authorities to continue operating a North Sea gas field partly owned by Iran's national oil company, Serica said in a statement.The U.S. Office of Foreign Assets Control extended a licence for U…

Oil Prices Rise as Iranian Crude Exports Fall

Oct 09, 2018

Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico because of Hurricane Michael.Benchmark Brent crude jumped by $1…

Eni to Acquire Half of BP's Libya Oil and Gas Assets

Oct 08, 2018

Italy's Eni has agreed to buy half of BP's 85 percent stake in a Libyan oil and gas licence with the aim of resuming exploration next year, the companies said on Monday.Eni will acquire the 42.5 percent stake and become the operator of the exploration…

Eni to Acquire Half of BP's Libya Oil and Gas Assets

Oct 08, 2018

Italy's ENI agreed to buy half of BP's 85 percent stake in a Libyan oil and gas licence with the aim of resuming exploration next year, the companies said on Monday.Eni will acquire the 42.5 percent stake from BP and become the operator of the…

BMT Wins Marine Monitoring Contract with BP

Oct 08, 2018

BMT has won a contract to provide multiple marine monitoring systems for BP’s new Mad Dog Phase 2 semi-submersible floating production facility in the Gulf of Mexico. These systems will play an important role in ensuring the day to day operations of the facility are conducted safely…

Neptune Energy Names Estensen Managing Director for Norway

Oct 05, 2018

Neptune Energy has appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector…

OMV to Buy Siberian Assets from Gazprom Instead of Swap

Oct 03, 2018

OMV has agreed to buy Siberian assets from Gazprom instead of swapping them, the Austrian oil and gas group said on Wednesday.In 2016, OMV agreed to swap 38.5 percent of its Norwegian assets for 24.98 percent of the Russian company's Urengoy gas field…

Chevron Extends North Sea Contract with Petrofac

Oct 03, 2018

Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited. The agreement, which has been held by Petrofac since 2014, commenced on September 30…

Amarenco Becomes France's Number One in Rooftop Solar

Oct 02, 2018

Amarenco, a leading European renewable energy IPP, has announced that it has become number one in the highly competitive 100kW-8MW rooftop solar segment in France, after winning 32MW in the latest CRE4.5 Buildings tender. Amarenco has been awarded…

Current News

Malaysia: Tanjong Baram Field Contract Terminated

Malaysia: Tanjong Baram Field Contract Terminated

Lightning Sparks Fire at Hengyuan's Malaysian Refinery

Lightning Sparks Fire at Hengyuan's Malaysian Refinery

Petronas Braces for Severe 2020 Hit. 1Q Profit Down 68%

Petronas Braces for Severe 2020 Hit. 1Q Profit Down 68%

South Korea's DSME Wins $330M FSRU Order

South Korea's DSME Wins $330M FSRU Order

China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration

China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration

Rosneft Re-appoints Sechin as CEO

Rosneft Re-appoints Sechin as CEO

Indonesia OKs Coro's Duyung PSC Farm-In

Indonesia OKs Coro's Duyung PSC Farm-In

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