Statoil to drill 4 E&P wells in the North Sea

Drilling of the four new wells will start on the 1st of November 2016. Norway currently produces around 1.9 million barrels of oil...

Technip wins subsea deal in Malaysia

France’s Technip has been awarded a subsea contract by Petronas for the Samarang Redevelopment Project Phase 2 EOR, in Malaysia.

CGG awarded Mozambique seismic deal

France's CGG has been awarded an extensive multi-client survey deal by the Instituto Nacional de Petroleo (INP) to acquire seismic...

Russia and Turkey sign TurkStream deal

Russia and Turkey finally sign a bilateral agreement on Monday to build the TurkStream undersea gas pipeline.

Repsol agrees $1.2 bn credit line for Venezuela JV

Spain's Repsol and Venezuelan state oil company PDVSA has signed a deal to provide long-term credit line for US$1.2 billion to...

Wood Group awarded contract for Suncor Energy Firebag facility

Wood Group was awarded a three-year agreement with Suncor Energy for heavy oil well pad work to be completed at its oil sands...

Amec Foster Wheeler wins FEED contract for Singapore refinery

The scope of the contract will include a Hazard and Operability Study (HAZOP) and constructability studies. An Engineering,...

OMV sells UK offshore stake to Suncor

Upon closing Suncor made an initial payment of US$50 million. Following the co-venturers approval of the Rosebank project final...

Brazil opens up its oil sector to foreign investment

Brazil has huge oil reserves of around 13 billion barrels, much of which is to be found in the country’s pre-salt fields.

Canada green lights Pacific Northwest LNG project

The project would comprise of a natural gas liquefaction and export facility on Lelu Island within the District of Port Edward....