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....

Apache makes new find in Southern Delaware Basin

Early economics for the area indicate gas production breaks even near $2.50 per MCF (million cubic feet) of gas, and oil...

Maersk starts drilling at UK’s Culzean field

Maersk Oil has announced that the drilling on the first production well on its operated Culzean field in the UK has begun.

Schlumberger releases new GeoTesting services

Schlumberger has announced the release a new GeoTesting geology-based well test design and interpretation services that provides...