Woolworths sells Australian fuels business to BP for A$1.8 bn December 28, 2016 // 1 Comment Woolworths Ltd. is selling its fuels business unit with a portfolio of more than 500 gas stations across Australia to [...]
Statoil’s North Sea Troll B platform reaches one bn boe production milestone December 21, 2016 // 2 Comments Norwegian multinational oil and gas company Statoil announced that its Troll B platform, located in the North Sea, has [...]
Offshore drilling in parts of Atlantic, Arctic to be banned by Obama December 21, 2016 // 2 Comments US President Barack Obama is planning to ban offshore oil and natural gas drilling in some parts of the Atlantic and Arctic [...]
BP signs US$2.2 bn onshore oil field deal with Abu Dhabi December 19, 2016 // 4 Comments British multinational oil and gas company BP PLC cemented its 77-year relationship with Abu Dhabi with the signing of an [...]
Shell begins oil production from Malikai deep-water TLP in Malaysia December 17, 2016 // 1 Comment Shell has begun oil production from the Malikai Tension-Leg Platform (TLP) in Malaysia, marking an important milestone for [...]
Eleven non-OPEC nations agree to oil output cuts December 12, 2016 // 0 Comments Eleven non-OPEC nations have agreed to cut their oil production outputs and help the members of the Organization of [...]
Qatar, Glencore acquire US$11.3 bn interest in Russia’s Rosneft December 9, 2016 // 5 Comments The sovereign wealth fund of Qatar along with Switzerland-based multinational commodity trading and mining company Glencore [...]
Recon Technology’s new oilfield wastewater treatment device gets patent December 7, 2016 // 1 Comment China’s State Intellectual Property Office has awarded a patent for the Oilfield Wastewater Treatment Device by Recon [...]
Private equity firms, former oil execs eyeing Southeast Asia’s energy assets December 7, 2016 // 3 Comments As prolonged lower crude prices drive oil majors hungry for cash to divest or seek additional funds, private equity-backed [...]
Global oil majors to start bidding for deepwater contracts in Mexico December 5, 2016 // 1 Comment In a move that marks the key opening of Mexico’s energy sector, some of the world’s best-known oil companies are set to [...]