Canada firm plans US$200 million coin/share offering for o&g December 20, 2017 // 3 Comments Canadian oil financing firm Oleum Capital Inc plans to raise US$200 million in mid-January. This would be the world’s [...]
McDermott and Chicago Bridge to merge for US$6 billion December 20, 2017 // 3 Comments Oilfield equipment and services provider McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they [...]
Iraq to replace dangerous tanker trucks with a pipeline network to carry oil products December 18, 2017 // 4 Comments Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive and [...]
Saudi Aramco signs 13 MoUs worth US$1.6 billion in push for local content December 13, 2017 // 3 Comments Saudi Aramco has signed 13 memoranda of understanding (MOUs) worth around 6.3 billion riyals (US$1.68 billion) with local [...]
Iraq and Iran sign oilfield contract December 11, 2017 // 4 Comments Iraq has signed an agreement with Iran to export crude oil from its Kirkuk oilfield with a rate of between 30,000 and 60,000 [...]
Exxon looking towards Egypt’s offshore oil and gas – sources December 8, 2017 // 1 Comment Officials from the world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss [...]
BASF merges its oil and gas unit Wintershall with DEA; creates one of the biggest energy firms in Europe December 8, 2017 // 2 Comments Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail [...]
Hibiscus gets approval from Petronas Carigali Sdn Bhd for PSC purchase December 7, 2017 // 2 Comments Petronas Carigali Sdn Bhd has approved Hibiscus Petroleum Bhd’s request to acquire Royal Dutch Shell’s 50% [...]
Trelleborg to consolidate and adapt operations in oil & gas December 7, 2017 // 1 Comment Trelleborg implements a number of strategic measures to secure Trelleborg’s leading position and competitiveness in [...]
China’s Sinopec sues Venezuela’s state-run PDVSA December 7, 2017 // 3 Comments Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. [...]