Statoil divests its oil sands business

Statoil has agreed to divest its 100 per cent owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to...

Rosneft signs with Japanese consortium for exploration, development in offshore Russian block

Rosneft has signed a deal with a Japanese consortium including Marubeni, for joint exploration and development of hydrocarbons in...

OPEC expects oil marking rebalancing in H2 2017, Nov. production up

OPEC is expecting the oil market to witness a rebalancing in the second half of 2017, even as member countries increased...

Technip wins Australia EPS contract from Shell

Technip has been awarded an engineering and project management services contract by Shell Australia.

Maersk Oil reduces costs on Culzean project

Maersk Oil CEO announced that the capital costs of its marquee Culzean HPHT gas project have been reduced by US$500 million as a...

Shell starts oil production from Malaysia

Shell has announced that it has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the...

OMV agrees with Gazprom for a potential asset swap

Austrian firm OMV has agreed with Russia’s Gazprom for a potential asset swap transaction, OMV said on Wednesday.

Global oil demand to strengthen after OPEC deal, if output cuts follow - IEA

Global oil demand will rise more strongly than expected next year if OPEC and non-OPEC countries deliver on their promise to cut...

U.S. shale output seen rising in January as OPEC cuts production

U.S. shale production is expected to rise in January, according to U.S. Energy Information Administration, less than a week after...

Technip extends partnership with BP

Technip has extended its exclusive Purified Terephthalic Acid (PTA) Alliance with BP to include Acetic Acid on BP projects...