Revenues from E&P operations combined with a further reduction in G&A costs, strict discipline on all spending and a rigorous management of receivables have helped the company to deliver another step towards overall profitability.
Heerema Fabrication Group has been awarded an Engineering, Procurement, Construction and Installation contract for the Q10-A unmanned offshore platform.
Following an acquisition of 28.75% working interest in its operated natural gas prospective permit authority to prospect, Bengal Energy has now consolidated its ownership of ATP 394 to 100%.
Total has reinforced its position in deepwater Gulf of Mexico by signing an agreement with Samson in order to acquire Samson Offshore Anchor, LLC.
Throughout the year, ExxonMobil has announced a number of discoveries, acquisitions and exploration activities in various countries, including Brazil, Cyprus, Equatorial Guinea, Guyana, Mauritania, Papua New Guinea, Suriname and in the United State's Gulf of Mexico.
Cairn intends to announce its preliminary results for the year to 31 December 2017 on Tuesday 13 March 2018. In advance of these results,
The Seanamic Group have expanded teams in two Houston-based companies: Umbilicals International (UI) and Flexlife.
The company is to form a new partnership with Cuadrilla and Lucas.
Wintershall's investments in new wells help to secure supplies in Germany.
The line of equity financing comes from funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing.
CB&I have signed a joint development agreement with Saudi Aramco and Chevron Lummus Global, for the development, commercialisation and marketing of crude-to-chemical technologies.
Millennials are seeking work in the O&G industry at increasing rates and will account for nearly 41% of the workforce – a 20% increase – by 2025, according to a new IHS Markit study commissioned by the American Petroleum Institute.
Vantage Drilling International have signed a contract which continues their working relationship with their client CPOC.
The company are to provide pre-lay mooring products and services to the Deepsea Bergen semisubermersible drilling rig on the Norwegian Continental Shelf.
The proceeds of the US$53 million transaction will be used to partly repay Ithaca's existing bank debt facilities.