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,...

OPEC-member Indonesia targets 42 percent rise in crude oil production in 2017

Indonesia's state-energy company targets 42 percent rise in crude oil production in 2017 and a 17 percent increase in gas...

U.S. firm Buckeye Partners buys 50 percent stake in Vitol’s energy terminal unit

Vitol, a global oil trading company sold a 50 percent stake in its oil storage unit VTTI for $1.15 billion to U.S. firm Buckeye...

Wood Group wins multiyear contract on Hibernia in Canada

Wood Group, an Aberdeen-based global oil and gas services company, on Monday said it signed a five-year contract with Hibernia...

Petrobras and Total agree on joint oil and gas projects

France’s Total on Monday agreed with Brazil’s Petrobras to work together on studying exploration and production (E&P)...

Aker Solutions buys majority stake in a Brazilian service company

Norway's Aker Solutions is acquiring a 70 per cent stake in Brazilian oil service company, C.S.E. Mecânica e Instrumentação Ltda,...

UK tops list of ‘most costly’ oil producers

The average price of a barrel of oil produced from the UK’s North Sea fields was $52.50 according to the report.

Shell divests shale plots in Canada

Oil giant Shell is continuing with its divestment of non-core assets with the announcement that through its Canada affiliate the...

Rosneft and a group of companies buy Essar Oil for $12.9 billion

A group led by Russian energy giant Rosneft has agreed to buy 98 percent stake in India's Essar Oil for US$12.9 billion making it...

Aker Solutions awarded pipeline contract for Johan Sverdrup

Aker Solutions was awarded a contract from Statoil to build the pipeline facilities needed at the Mongstad terminal to receive oil...