Oil & gas news

Kuwait Oil Company has awarded a contract worth US$780 million to Petrofac.

IHS ha said that the oilsands will continue to be a leading source of global oil supply despite lower oil prices and other headwinds.

Statoil Petroleum AS has awarded an eight-year contract for the design and supply of production chemicals to Baker Hughes.

Review results in asset impairments of circa US$435 million after tax.

The merger will form Wellsite Fishing and Rental Services, LLC.

The opening statements from a recent hearing on US crude oil exports.

Sub-Atlantic wins contract again with AALEA for ROV systems.

GE Oil & Gas and Subsea Riser Products Ltd have worked to develop new completion and workover riser connectors for the offshore market.

MOL Group has acquired Ithaca Petroleum Norge from Ithaca Petroleum Ltd as its first Norwegian acquisition.

4000 global oil wells to be connected to the ‘Industrial Internet’