Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves.U.S. West Texas Intermediate (WTI) crude futures rose 75 cents…
State oil giant Abu Dhabi National Oil Co (ADNOC) has increased to 11% of share capital the size of the initial public offering (IPO) of its drilling unit, ADNOC Drilling, because of oversubscription, the firm said on Wednesday.ADNOC had previously targeted a minimum stake of 7…
Shell has awarded a contract to a Singapore-based firm Penguin International Limited, to design, build and operate at least three fully electric ferries which, when operational, will be the first fully electric ferry service in Singapore and a first for Shell globally…
Seismic survey company Shearwater GeoServices has secured a 3D seismic exploration survey contract with Beach Energy in Australia.Using the Geo Coral seismic vessel, Shearwater will conduct the Prion 3D seismic survey starting in late October…
Malaysian oil and gas producer and energy services provider Sapura Energy said Tuesday that Reza Abdul Rahim would step down from his position as Chief Financial Officer.He will step down on October 1, 2021, after more than five years in the role…
Oil and gas firm Neptune Energy has written to Britain’s energy minister asking for a change in regulation to allow it to produce more domestic gas from its North Sea field amid record gas prices, a letter seen by Reuters showed.Benchmark British…
Africa-focused oil and gas firm Tower Resources has said that the documentation for its proposed farm-out of a share in the Thali offshore block in Cameroon has been finalized and submitted to the country's authorities for approval.As reported in August…
Schlumberger's OneSubsea, a subsea production systems provider, has awarded 'a sizable' contract to offshore installation company Subsea 7, related to Shell's recently sanctioned Ormen Lange subsea compression project in Norway.The Ormen Lange subsea compression project…
Aker Solutions' and AF Gruppen's proposed offshore decommissioning businesses merger has been given a green light by the Norwegian Competition Authority.The Norwegian Competition Authority on Monday informed the two firms it had no objections to the merger…
Norwegian oil and gas company Equinor has spudded the Egyptian Vulture exploration well in the Norwegian Sea.Longboat Energy, the recently formed E&P company, and Equinor's partner in the project with a 15 percent stake, announced the spud on Tuesday…
Oilfield tech firm ChampionX has won a five-year contract with oil firm Vår Energi in Norway to deliver production specialty chemicals and management services to all Vår Energi assets.ChampionX provides chemistry solutions and equipment and…
Italian energy industry engineering and construction firm Saipem has signed a Memorandum of Understanding (MoU) with the Saudi oil giant Saudi Aramco to explore the possibility of forming a new entity for engineering and construction activities…
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…
Oslo-based offshore compressor firm TMC Compressors has won a contract to supply the marine compressed air system for Woodside's Sangomar FPSO, to be deployed offshore Senegal.TMC will deliver a large marine compressed air system to the FPSO…
Marine seismic data acquisition firm Shearwater GeoServices has won a contract in South East Asia.The company said the deal, with an unnamed client, was for a 3D survey project.The project, starting in early October 2021, will be conducted by the 107 meters long SW Duchess vessel…
Subscribe
