Modec wins FPSO deal for one of world’s largest deep-water discoveries
Japanese firm Modec has been awarded a contract to design and build an FPSO for one of the world’s largest deep-water oil discoveries.
Japanese firm Modec has been awarded a contract to design and build an FPSO for one of the world’s largest deep-water oil discoveries.
"Serious interest" has been shown in Independent Oil and Gas's (IOG's) southern North Sea development assets, the firm said this morning.
Corallian Energy's appraisal well on the Colter field missed its original target, but made an oil discovery anyway.
Tight margins and unrelenting volatility in the oil and gas market put a crimp on Saltire Energy’s profits in 2017-18.
Weir Group will sell its flow control division to private-equity investment firm First Reserve for £275 million.
North Sea union members working for Aker Solutions and Petrofac have voted to strike over a change to a “hated” work rotation.
Total SA canceled a sale of mature natural-gas fields in the Dutch North Sea that could have raised several hundred million dollars, according to people familiar with the matter.
KKR & Co. and BlackRock Inc. agreed to invest $4 billion in Abu Dhabi’s oil pipelines, securing two decades of guaranteed returns and providing the Middle Eastern energy producer a cash injection to help diversify its economy.
The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a "shortage" of the low-quality heavy crudes refiners rely on.
Exxon Mobil said it will deploy technology from Microsoft to make its massive Permian Basin development the largest oil and gas acreage in the world to use cloud computing technology.
The nation's tally of rigs drilling for oil and gas dipped by four from last week with rigs being removed from Oklahoma and the Gulf of Mexico.
Jeffrey K. Skilling, the former Enron CEO who spent the past 12 years in prison for his role in masterminding one of most notorious corporate fraud cases in history, was released from federal custody on Thursday, the Bureau of Prisons said.
Production from the UK North Sea’s Catcher area helped Hungarian oil firm Mol Group lift its upstream earnings by almost 50% last year.
Holyrood's youngest parliamentarian told Nicola Sturgeon that North Sea oil and gas reserves "must remain" in the ground.
Unidentified gunmen attacked an Anadarko Petroleum Corp. liquefied natural gas project in northern Mozambique, the first attack on an energy company since an insurgency by suspected Islamist militants began 16 months ago.
The oil industry’s cultural diversity can be a double-edged sword if key safety messages are blocked or lost in translation, guests at The Press & Journal's Morning Briefing heard yesterday.
Behind Glencore Plc’s decision to limit coal investment is a little-known, but powerful group of investors.
A merger between German oil firms Wintershall and Dea will result in the loss of up to 1,000 jobs, the companies confirmed last night.
Energy supplier Centrica has said it wants to “limit exposure” to its oil and gas subsidiary Spirit Energy.
Shareholders of Rowan and Ensco have approved the merger between the two drilling contractors.
A global surge in final investment decisions (FIDs) on new oil projects could see sanctioned volumes almost triple compared to 2018's total, analysts have said.
They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.
Aker Solutions has been appointed by Wintershall AS to build a complete digital replica of the Nova production system to enable data driven engineering, production and maintenance decisions.
Spirit Energy’s three-well drilling campaign at the Greater Warwick Area west of Shetland has been knocked back by weeks.
The UK’s annual spending on decommissioning activities has been forecasted to go beyond £1.5billion within three years.