Total signs $2.2bn upstream and downstream deals with Petrobras

Total has signed big upstream and downstream asset deals with Brazil's state-run oil firm Petrobras that will see the French oil...

Schlumberger agrees two service agreements with Transocean

Cameron, a Schlumberger company, has signed two 10-year pressure control equipment management service contracts with Transocean in...

Obama bans new oil, gas drilling in offshore Alaska, Atlantic

The outgoing U.S. President Barack Obama has withdrawn millions of acres in the Arctic and the Atlantic Ocean from future oil and...

SBM Offshore awarded ExxonMobil Liza FPSO contract

ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has awarded contracts to Dutch firm SBM Offshore for...

KBR awarded global agreements with BP

KBR has been awarded two global agreements by BP, one for the provision of conceptual engineering services and another for the...

Total buys $207 mln stake in Tellurian for LNG push

Total is acquiring a $207 million stake in Tellurian Investments Inc. (Tellurian) to develop an integrated gas project.

BP agrees deals with Kosmos Energy over fields in Mauritania and Senegal

UK's BP has signed agreements with Kosmos Energy to acquire a 62 per cent working interest, including operatorship, of Kosmos’...

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...