PetroRio takes stake in Brazil’s oil field, buys FPSO

PetroRio will take an 80 per cent stake in the Tubarão Martelo oil field from Dommo Energia SA and acquire the field’s FPSO OSX-3...

Oil prices drop to 13-month low as coronavirus hits demand

Oil prices fell to their lowest in over a year as coronavirus diminished crude demand from Chinese refineries, while OPEC...

PBS wins Total services contract for UK assets

UK’s Total awarded a maintenance and services contract to PBS – a recently formed Aberdeen-based consortium...

Shell completes sale of U.S. refinery

A subsidiary of Royal Dutch Shell has announced that it has formally closed the sale of Shell’s Martinez Refinery in California to...

Equinor awards several FEED contracts in Brazil

Equinor, on behalf of the partners ExxonMobil and Petrogal Brasil has awarded FEED contracts for phase 1 of the Bacalhau area in...

Gulfstream Services expands in the U.S.

Gulfstream Services, Inc. (GSI), an offshore & onshore equipment rental and engineered solutions provider, has announced it has...

Oceaneering and Aquaterra Energy ink decommissioning collaboration

Aquaterra Energy signed a MoU with Oceaneering for decommissioning in North Sea...

ExxonMobil ups Guyana estimate with new find

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels

Karoon starts drilling Peruvian wildcat

Karoon Energy announced that it has commenced the drilling of the Marina‐1 exploration well located in Block Z‐38 Tumbes Basin,...

Lundin launches decarbonisation strategy

Sweden's Lundin Petroleum has announced the launch of its decarbonisation strategy, which targets carbon neutrality by 2030.