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Chinese oil and gas industry is big business

Major Chinese companies now rank among the biggest national contingents at one of the world’s largest oil and gas industry events, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), as they look to secure an increasing share…

Victoria Oil & Gas hits gas in Cameroon

London-listed Victoria Oil & Gas has hit more than 84 metres of net gas sands after the latest drilling programme in Cameroon.

Statoil signs US$2.9 bln deal with Petrobras that triples its oil production in Brazil

Statoil and Brazil’s national oil company Petrobras have signed a deal that sees Norway’s oil giant buy a 25 per cent interest in Roncador, a large oil field in the Campos Basin in Brazil, for US$2.9 bln.

Petrofac wins extension on Iraq oil export project

Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP).

Sofis to supply Kuwait Oil Company with valves

Valve operation specialist Sofis is to supply 4,500 Netherlocks interlocks to an EPC contractor delivering the first phase of a heavy oil development programme for the Kuwait Oil Company (KOC).

Algeria in discussions for Iraqi oil and gas investment

Algeria is in discussions with Iraq for partnership in oil and gas investment, the Iraqi oil ministry said after oil ministers of the two countries held bilateral trade talks.

Oil market to re-balance in 2018 – UAE energy minister

The oil market balance is likely to be achieved in 2018 but further improvement is needed as 100 million barrels of oversupply still exist, UAE energy minister said on Thursday

Shell agrees to sell Iraqi oilfield stake to Itochu

Royal Dutch Shell has agreed to sell its stake in Iraq’s West Qurna 1 oilfield to Japan’s Itochu, a Shell spokesman was reported to have said.

ExxonMobil strikes oil off Guyana again

U.S. oil major Exxon Mobil has come back with positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015.

Premier Oil awarded offshore block in Indonesia

UK independent Premier Oil has been awarded the Andaman II exploration licence in Indonesia with its joint venture partners Mubadala Petroleum and Kris Energy.