Total has entered into a partnership with Indian Oil Corporation (IOC) to manufacture and market bitumen derivatives.
Petrofac and its joint venture partner the State Oil Company of the Republic of Azerbaijan (Socar) have announced a deal with BP in Azerbaijan and Georgia.
Nigerian National Petroleum Corp. (NNPC) and Nigeria LNG (NLNG) have signed a pre-payment agreement on the supply of gas to the six existing trains at Bonny Island.
North Sea Energy said Premier Oil have informed the Bagpuss Joint Venture of its plans to resign as operator of the licence by the end of the year.
TH Heavy Engineering (THHE) said it has parted ways with US engineering firm McDermott.
Wood Group Mustang has agreed a joint venture with Grupo Diavaz, a Mexican oil and gas operator and services company.
Nostra Terra Oil & Gas and its joint venture partner Independent Resources have snapped up their first acquisition in North Africa. An agreement has been reached with Transglobe Energy for the acquisition by of a 50% share in the East Ghazalat concession for $3.5million.
Pan Pacific Petroleum (PPP) and its joint venture (JV) partners have withdrawn from a block in Vietnam after unsuccessful drilling of the Whale prospect. The company said the decision was also influenced by the inability to secure a farm-in partner to share the costs and risk of drilling an additional well in the licence.