Petrofac has secured a long-term Framework Agreement (FA) with Petroleum Development Oman (PDO) for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects.
Newest Board Member brings over 30 years of oil and gas procurement expertise to the company.
Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.
Rystad Energy now predicts that US oil production grows so fast that an all-time high of 10 million bpd could be reached before December 31st this year.
Tendeka, a provider of completions systems and services to the upstream oil and gas industry, has finalised an exclusive agreement with Brastech Serviços Téchnicos E Construçoes Náuticas LTDA (Brastech) as it expands within the South American market.
Tsubaki of Canada Limited has purchased Dia-Saw Manufacturing Ltd. Dia-Saw started as a manufacturer of shake and shingle mill equipment and has since evolved into a manufacturer of sprockets and related drive components.
Strategies put in place by 26 participating companies have led to £550 million in savings and new orders.
Nizam Hamid, Head of Strategy in Europe at WisdomTree, considers how today's OPEC meeting will affect the volatility of the oil price.
FrontRow Energy Technology Group Limited has announced the acquisition of ClearWELL Oilfield Solutions, an oil and gas technology company focused on flow assurance and production optimisation.
With abundant supply potential, Rystad Energy expects US gas companies to see a large LNG export potential to China after President Donald Trump and President Xi Jinping reached the bilateral trade agreement last month.
Sam Wahab, director of oil & gas research at Cantor Fitzgerald Europe, comments on this week’s Opec meeting and the planned listing later this year of Aramco by Saudi Arabia.
CGG has announced the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing centre (DPC) in Muscat.
Clariant and Huntsman Corporation have announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction.
The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.
Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.