India awards $141 million EPC contract to Abu Dhabi’s NPCC

India’s Oil and Natural Gas Corporation awarded an engineering, procurement and construction (EPC) contract valued at $141 million...

Sub-Saharan Africa to cut $100 bln in spending, IOCs $370 –Wood Mackenzie

Capital investment plans for Sub-Saharan Africa has been cut by $100 billion for the next five years, Wood Mackenzie said in a...

BP Q3 profit halves on weak margins, 2017 spending and investments cut back

British Petroleum (BP) reported a 48 percent drop in third-quarter net profit as lower oil prices and shrinking refining margins...

Shell’s Q3 profit up 18 pct on cost cuts, higher production

Royal Dutch Shell reported an 18 percent rise in third quarter profits on Tuesday, as the company cut costs and increased...

GE agrees to merge oil and gas unit with Baker Hughes

General Electric Co (GE) late on Monday said it would merge its oil and gas business with Baker Hughes, creating the world's...

IHS: Waning demand for offshore support vessels

Demand for the global oil and gas offshore supply vessel (OSV) market has declined an average of 10 percent annually since 2014...

Kenya and Sudan sign oil and gas cooperation deal

Presidents of Sudan and Kenya on Sunday signed bilateral agreements for cooperation on oil and gas projects, as well as mineral...

OPEC’s indecision on oil cut foils accord with non-member producers

OPEC officials failed to agree on details of their plans for an oil production cut, with Iraq and Iran presenting as the main...

Mexico's energy reform to revitalise oil sector: IEA

Mexico's energy reform, which began in 2013, is expected to reverse the country's declining oil production and provide a solid...

France’s Technip Q3 net income rises 12.4 percent to 184 million euros

French company Technip, which deals in energy sector EPC, reported a 12.4 percent rise in third-quarter net income on Thursday,...