Results50 articles shown
Wintershall Joins 'Zero Routine Flaring by 2030' Initiative
Friday, November 27, 2015 Wintershall joins World Bank's international initiative to end the worldwide flaring of associated gas during oil production by 2030.
University of Manchester Students Reach UPPP Top 10
Friday, November 27, 2015 A team of students from the University of Manchester in the UK reaches the top 10 of MOL Group's global oil and gas student competition, UPPP.
Australian O&G Industry Body APPEA Re-elects Bruce Lake as Chairman
Friday, November 27, 2015 The Australian Petroleum Production & Exploration Association (APPEA) re-elected Bruce Lake and Richard Owen as its chairman and vice chairman, respectively.
China's Honghua to Supply Middle East Client with 3 Land Rigs for $41.5M
Friday, November 27, 2015 Honghua Golden, a unit of China's Honghua Group, signs agreement to sell three land rigs to a Middle East customer for $41.5 million.
Middle East Deals See Rig Builder Lamprell Boost Workforce
Friday, November 27, 2015 Lamprell boosts its workforce by 1,500 to help it meet increased activity in the Middle East.
Prosafe, Jurong Shipyard Agree on Flexible Delivery of Safe Zephyrus Vessel
Friday, November 27, 2015 Prosafe and Jurong Shipyard agree to a flexible delivery of the completed Safe Zephyrus accommodation vessel from the latter's yard in Singapore.
Aker Solutions Wins Maintenance Contract with BP
Thursday, November 26, 2015 Aker Solutions secures a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway.
CIMC Raffles Holds Naming Ceremony for North Dragon Semisub in China
Thursday, November 26, 2015 CIMC Raffles holds a naming ceremony for North Sea Rig Holdings' newbuild North Dragon semisub at its Yantai Shipyard in China, while construction work continues on two other similar rigs.
PPL Shipyard Challenges MPD's Termination of Jackup Construction Contract
Thursday, November 26, 2015 Sembcorp Marine's unit PPL Shipyard challenges Marco Polo Drilling's termination of a jackup construction contract.
Woodside Acquires CSD Software Licenses from Norway's Completion Services
Thursday, November 26, 2015 Woodside acquires Completion String Design (CSD) software licenses from Norway's Completion Services.
Wood Group PSN Secures Services Contract in Iraq
Thursday, November 26, 2015 Wood Group PSN division secures a contract, worth approximately $90 million, with a "leading" international oil company in Iraq to provide project management services for an onshore facility.
MPD Initiates Contractual Dispute Resolution Process Against PPL Shipyard
Wednesday, November 25, 2015 Singapore's Marco Polo Drilling (MPD) initiates contractual dispute resolution process against PPL Shipyard over the termination of a rig building deal.
Rosneft Posts YOY Income Decrease
Wednesday, November 25, 2015 Rosneft posts a net income of $5.3 billion in the nine month period ended September 30, which marks an 11.7% decrease from the $6 billion income registered during the same period last year.
Malaysia's Icon Offshore Receives $12.1M LOA to Supply PSV to KPOC
Wednesday, November 25, 2015 Malaysia's Icon Offshore receives a letter of award, worth $12.1 million, to provide a deepwater platform supply vessel to Kebabangan Petroleum Operating Company.
Indonesia's Pertamina Replaces 'Problematic People' Amid Graft Pro
Wednesday, November 25, 2015 Indonesia's Pertamina replaces 'problematic people' at its oil trade unit, according to the country's energy minister.
China Energy Giants Seek Last-Minute Sales in Year-End Countdown
Wednesday, November 25, 2015 China's biggest energy companies are seeking to unload assets and urging workers to cut costs in a last-minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.
Genel, New Age in $2 Billion Merger Talks
Wednesday, November 25, 2015 Genel Energy is in the early stages of merger talks worth more than $2 billion with New Age African Global Energy, according to Sky News.
Ophir Energy Said to Receive Merger Interest amid Oil Slump
Wednesday, November 25, 2015 Africa-focused Ophir Energy receives informal takeover/merger interest from several parties, according to Bloomberg sources.
Directors Recommend Rockhopper, FOGL Merger
Tuesday, November 24, 2015 Board directors at Rockhopper Exploration and Falkland Oil and Gas recommend that the two companies merge.
Indonesia's Pertamina invests $2.14B in Upstream Assets in Jan-Oct
Tuesday, November 24, 2015 Pertamina invested $2.14 billion in upstream assets from January to October this year, CEO Dwi Soetjipto says, with total CAPEX reaching $2.89 billion as of last month.
Eastern Europe Focused Energy Firms Increase CAPEX
Tuesday, November 24, 2015 Nostrum Oil & Gas and PJSOC Bashneft increase capital expenditure in 9M 2015, bucking the trend of CAPEX reduction among energy firms amid the current lower oil price.
UKOG Completes PEDL143 Farm-in
Monday, November 23, 2015 UK Oil & Gas Investments plc completes a farm-in agreement with Warwick Energy Exploration and Production Limited to acquire a further 10% interest in the onshore UK Weald Basin license, PEDL143.
Poland's PGNiG Eyes Iran's Oil and Gas Market
Monday, November 23, 2015 Polish gas distributor is looking at various options in oil and gas exploration and production in Iran.
KS Drilling's Unit Wins $2.8M Contract in Indonesia for KS Java Star
Monday, November 23, 2015 PT Atlantic Oilfield Services, a subsidiary of KS Energy's unit KS Drilling, wins a $2.8 million contract in Indonesia for jackup KS Java Star.
NuEnergy Completes Acquisition of Dart Energy (Indonesia) Holdings
Monday, November 23, 2015 Australia's NuEnergy completes acquisition of Dart Energy (Indonesia) Holdings, gaining control of the latter's coal bed methane assets in Sumatra and Kalimantan in Indonesia.
BG Group Buys a 35% Stake in Cyprus's Aphrodite Gas Field
Monday, November 23, 2015 BG Group secures a 35% holding in the Aphrodite gas field, which was discovered offshore Cyprus in 2011.
Gazprom Neft Posts YOY Revenue Drop, Production Increases
Monday, November 23, 2015 Gazprom Neft PJSC posts a year on year revenue decrease and production increase in the first nine months of 2015.
Eni Sells Remaining Stake In Galp
Friday, November 20, 2015 Eni has sold its remaining 4% stake in Portugal's Galp Energia raising $348 million, Eni said.
Bumi Armada Berhad Revenues Decline with Lower Vessel Utilization
Friday, November 20, 2015 Bumi Armada's revenues for the first 9 months of 2015 declined by 6.2%, to $371.6 million, due to the lower utilization of vessels and lower activity in its transport and installation business unit.
Genel Energy Plans Joint Gas Company in Iraqi Kurdistan
Friday, November 20, 2015 Genel Energy Plc plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.
NGI, UT-Austin Sign Agreement on Geotechnical Engineering Cooperation
Thursday, November 19, 2015 NGI and UT aim to further research in geotechnical engineering with their new MoU.
Sembcorp Marine Bags MODEC's FSO Construction Contract for Culzean Field
Thursday, November 19, 2015 Sembcorp Marine bags a contract to design and build a new floating storage and offloading vessel for MODEC to be deployed to Maersk's Culzean field in the North Sea.
Aptomar Secures Monitoring Services Contract with OMV
Thursday, November 19, 2015 Aptomar signs a 3 year frame agreement with OMV Norway to deliver integrated field monitoring services for the operator's future drilling activities.
Advancements in Video Tech 'Increasing' Safety in Oil, Gas
Thursday, November 19, 2015 Advancements in video technology are increasing the level of safety in the oil and gas industry, according to Adrian Fielding, senior manager for industrial security solutions at Honeywell Process Solutions.
Bowleven Plans to Acquire KNDL, Ruvuma PSA Stakes
Thursday, November 19, 2015 Bowleven plans to acquire a 25% interest in the Kiliwani North Development License (KNDL) and a 50% interest in the Ruvuma PSA, in Tanzania.
Shell-BG Merger Takes Another Step Forward After Securing ACCC Clearance
Thursday, November 19, 2015 Shell's proposed acquisition of BG takes another step forward after getting clearance from the Australian Competition and Consumer Commission.
PPL Yet to Receive MP Drilling's Termination Notice for Jackup Construction
Wednesday, November 18, 2015 Singapore's PPL Shipyard has not receive any notice of termination from Marco Polo Drilling of the $214.3 million jackup construction contract.
Songa Offshore Dismisses Claims Submitted by DSME for Songa Equinox Semisub
Wednesday, November 18, 2015 Songa Offshore dismisses claims submitted by Daewoo Shipbuilding & Marine Engineering for the Songa Equinox semisub.
Australia's Otto Energy Names John Jetter as Chairman, Succeeds Rick Crabb
Wednesday, November 18, 2015 Australia's Otto Energy names John Jetter as chairman of the company to succeed Rick Crabb.
API, ANGA Combine Forces
Wednesday, November 18, 2015 Following approval of both boards of directors, the American Petroleum Institute and America's Natural Gas Alliance announced the two organizations will combine into a single trade association.
Demand for Oil, Gas Automation Software in Decline
Wednesday, November 18, 2015 Demand for automation software in the upstream oil and gas industry is currently in decline, according to Ali Raza, the vice president and general manager of advanced solutions at Honeywell Process Solutions.
Energy Banking Group Scooped Up In Multi-Million Dollar Deal
Wednesday, November 18, 2015 Century old investment bank buys Houston-based energy specialists Simmons & Company International in $139 million deal.
Enbridge Cuts 5% Of Workforce In Canada And US
Tuesday, November 17, 2015 Canada's largest pipeline company Enbridge cuts 5 percent of its workforce, a company spokesman says, as low crude prices continued to drag on the North American oil and gas industry.
Petrofac Bags EPC Contract for Saudi Aramco's Fadhili Gas Program
Tuesday, November 17, 2015 Petrofac bags an engineering, procurement and construction contract from Saudi Aramco for Fadhili gas program in Saudi Arabia.
Maersk Oil Says It Has Several Billions Of Dollars For Acquisition Drive
Tuesday, November 17, 2015 Maersk Oil has several billion dollars to buy new licences, oil-producing fields or even launch a corporate takeover, the company's Chief Operating Officer told Reuters.
Swiber's 3Q 2015 Net Profit at $4.3M, Up from a YOY Loss of $22.9M
Monday, November 16, 2015 Singapore's Swiber Holdings posts a net profit of $4.3 million in the third quarter of 2015, up from a loss of $22.9 million in the previous year.
Premier Sells its Norwegian Business to Det Norske Oljeselskap
Monday, November 16, 2015 UK firm Premier Oil sells its entire Norwegian business to Det norske oljeselskap for $120 million.
President Of Shell Canada To Step Down After 6 Years
Monday, November 16, 2015 The president of Shell Canada, a wholly owned subsidiary of Shell, is stepping down at the end of this year, the company said.
Mermaid Maritime's 3Q 2015 Net Profit Up 9.2% to $16.5M, Trims Staff by 15%
Monday, November 16, 2015 Mermaid Maritime posts a 19.2 percent rise in net profit to $16.5 million for third quarter 2015, lifted mainly by its subsea business in the Middle East.
Masirah Oil Raises Nearly $13M to Fund Drilling Activities Offshore Oman
Monday, November 16, 2015 Masirah Oil raises nearly $13 million in capital injection from shareholders to fund drilling activities and operations in Oman.
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