Oil and gas have not only fueled economies but created rivalries, territorial disputes and wars. In the last one hundred years or so, since petroleum resources have been commercially extracted it is central to numerous armed conflicts. Some notable examples…
French tubular solutions supplier Vallourec has secured a contract with TechnipFMC to supply line pipes for the Orca project, formerly known as Gato do Mato, a major Shell-operated deepwater development in Brazil’s Santos Basin.The integrated contract covers more than 20…
Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending by energy firms could weigh on its performance in the final quarter…
Angola's national oil and gas agency, ANPG, will sign an exclusive negotiation agreement with oil major Shell to explore and develop Blocks 19, 34, 35 as well as ultra-deep water blocks, it said in a statement late on Thursday.The signing ceremony will take place on November 3…
BW Energy has reported encouraging preliminary results of the Kharas-1 appraisal well, drilled in the Orange Basin, offshore Namibia.The Kharas-1 appraisal well, drilled with Odfjell Drilling-managed Deepsea Mira semi-submersible rig, has reached…
Oil major BP has signed an agreement to explore for oil and gas offshore in Gabon, a company spokesperson said on Thursday.'BP can confirm it has entered into a memorandum of understanding with the government of Gabon to explore for offshore oil and gas…
Shell beat third-quarter profit forecasts on Thursday, helped by strong results from its gas division, and said it would maintain the pace of its share buyback programme at $3.5 billion over the next three months.The oil major said adjusted earnings…
Energy industry services firm EnerMech has secured a pipeline pre-commissioning contract by McDermott in support of Shell Trinidad and Tobago’s Manatee gas development.EnerMech said it will deliver ‘critical services’ across a 115 km, 32-inch offshore pipeline…
QatarEnergy has signed a 17-year sales and purchase agreement (SPA) with Gujarat State Petroleum Corporation (GSPC) for the supply of up to 1 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Republic of India.Pursuant to the terms of the SPA…