India ONGC-led group wins stake in ADNOC offshore oil concession February 12, 2018 // 3 Comments A consortium led by India’s Oil and Natural Gas Corp (ONGC) has become the first group to win a stake in Abu Dhabi [...]
Samsung Engineering JV wins US$3.1 billion UAE refinery project February 9, 2018 // 3 Comments Samsung Engineering said its joint venture with CB&I Nederland, has been awarded a major contract by Abu Dhabi National [...]
Chevron reports fourth- quarter earnings of US$3.1 billion, annual earnings of US$9.2 billion February 7, 2018 // 1 Comment Chevron Corporation recently reported earnings of US$3.1 billion (US$1.64 per share – diluted) for fourth quarter 2017, [...]
Hess sees 13th straight quarterly loss and shares dip February 7, 2018 // 2 Comments U.S. oil and gas producer Hess Corp posted its 13th straight quarterly loss on Monday as increasing expenses offset rising [...]
Bankrupt Breitburn Energy receives US$1.8 billion full cash offer from Lime Rock Resources February 5, 2018 // 3 Comments Breitburn Energy Partners LP has received a US$1.8 billion full cash offer from Lime Rock Resources. This is a surprise [...]
Vietnam raises over US$300 million from PV Power listing February 2, 2018 // 3 Comments The Vietnamese government raised 6.997 trillion dong (US$308.1million) from selling 20% of state electricity firm [...]
Marathon Petroleum Corp reports a huge jump in quarterly profit February 2, 2018 // 1 Comment U.S. independent refiner Marathon Petroleum Corp reported a huge jump in quarterly profit recently, helped by a US$1.5 [...]
Shell to sell stake in Thai Bongkot fields to PTTEP for US$750 million February 1, 2018 // 1 Comment Royal Dutch Shell has announced that it will sell its stake in the Bongkot gas field and adjoining acreage offshore Thailand [...]
Suncor to axe 400 jobs as it introduces self-driving trucks February 1, 2018 // 1 Comment Suncor Energy Inc announced recently that it is slashing 400 jobs as it rolls out a fleet of self-driving trucks at its [...]
BP expects gas to overtake oil as primary source of energy in around 2040 February 1, 2018 // 3 Comments BP predicts gas to overtake oil as the world’s primary energy source in around 2040 its vice president for strategic [...]