Statoil cancels contract with sub-leased rigFebruary 19, 2016 // 3 CommentsStatoil has decided to cancel the contract with Maersk Gallant. The Maersk rig has been on contract with Statoil for two [...]
Sinopec to close four oilfieldsFebruary 18, 2016 // 2 CommentsThe China Petroleum & Chemical Corp, or Sinopec, announced that it will close four least profitable oilfields in Shengli [...]
Petroceltic sells Egyptian assets to EdisonFebruary 18, 2016 // 2 CommentsOil and gas company Petroceltic International announces the completion of the sale of certain exploration licences in Egypt [...]
Woodside expands African presenceFebruary 18, 2016 // 2 CommentsWoodside Energy entered into an agreement with Impact Oil & Gas AGC Ltd to acquire a 65% participating interest in the [...]
Statoil strengthens its position in UruguayFebruary 17, 2016 // 3 CommentsStatoil signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the [...]
OMV initiates process to sell OMV Petrol OfisiFebruary 17, 2016 // 3 CommentsThe OMV Group announces to initiate a process to sell up to 100% of its wholly owned subsidiary OMV Petrol Ofisi A. S., a [...]
BP, Oman Oil develop second phase of Khazzan gas fieldFebruary 15, 2016 // 2 CommentsBP and Oman Oil signed with the Government of the Sultanate of Oman to extend the license to explore the Oman Block 61 to [...]
ACCA shares four focus areas for O&G businessesFebruary 15, 2016 // 2 CommentsA new report from ACCA (the Association of Chartered Certified Accountants) outlines key focus areas business leaders in the [...]
Qatargas to supply LNG to PakistanFebruary 11, 2016 // 4 CommentsQatar Liquefied Gas Company Limited (Qatargas 2) signed a long-term agreement to supply Pakistan State Oil Company Limited [...]
IEA report says oil demand to slow downFebruary 10, 2016 // 3 CommentsHaving peaked, at a five-year high of 1.6 million barrels per day (mb/d) in 2015, global oil demand growth is forecast to [...]