Latest News

ADNOC to expand EOR and ERD technology usage to maximise resource value

Abu Dhabi National Oil Company (ADNOC) has announced that it will expand the usage of Enhanced Oil Recovery (EOR) and Extended Reach Drilling (ERD) technologies to maximise the value of...

ADNOC to expand EOR and ERD technology usage to maximise resource value

Puma Energy signs agreement to buy BP terminal in Northern Ireland

Integrated midstream and downstream energy company Puma Energy has signed a purchase agreement with BP to buy a storage fuel terminal located in Belfast, Northern...

Puma Energy signs agreement to buy BP terminal in Northern Ireland

Queensland Government releases two petroleum and gas exploration areas

The Australian Petroleum Production and Exploration Association (APPEA) has welcomed the release of two petroleum and gas exploration areas in Queensland by the regional...

Queensland Government releases two petroleum and gas exploration areas

PetroVietnam to use Honeywell’s Connected Performance Services to boost refinery efficiency

Honeywell has announced that a subsidiary of PetroVietnam will use its new IIoT-based Connected Performance Services (CPS) to enhance its manufacturing...

PetroVietnam to use Honeywell’s Connected Performance Services to boost refinery efficiency

M&As this week: Earthstone Energy, Beijing Gas Group

Earthstone Energy has agreed to acquire all outstanding membership interests of Bold Energy III from EnCap...

M&As this week: Earthstone Energy, Beijing Gas Group

Deals this week: Abraxas Petroleum, Sunoco Logistics, White Oak Energy

Abraxas Petroleum Corporation has reached an agreement with an undisclosed company to dispose Brooks Draw assets located in Converse County of the Powder River Basin in Wyoming, ...

Deals this week: Abraxas Petroleum, Sunoco Logistics, White Oak Energy

Guangdong Zhenrong Energy signs MoU with BP for Caribbean oil refinery

Chinese company Guangdong Zhenrong Energy has signed a memorandum of understanding (MoU) with BP that initiates commercial cooperation between the two parties for an oil refinery located in...

Guangdong Zhenrong Energy signs MoU with BP for Caribbean oil refinery

Report: Canada’s Pike project expected to commence production in 2019

The Pike project located in the Alberta oil sands has estimated recoverable reserves of 610 million barrels of crude oil, according to a report by...

Report: Canada’s Pike project expected to commence production in 2019

BP and Oman sign deal to amend Oman Block 61 exploration and production sharing agreement

BP and Oman Oil Company Exploration & Production have signed a deal with the Government of the Sultanate of Oman that amends the Oman Block 61 exploration and production sharing agreement...

BP and Oman sign deal to amend Oman Block 61 exploration and production sharing agreement

Taqa Atrush signs EPC contract with KAR Company to construct feeder pipeline

As operator of the Atrush Block Production Sharing Contract (PSC), Taqa Atrush has entered an Engineering, Procurement and Construction (EPC) contract with KAR Company to construct a...

Taqa Atrush signs EPC contract with KAR Company to construct feeder pipeline

Wärtsilä signs MoU with Engie to develop small-scale LNG markets

Wärtsilä and French multinational energy company Engie have signed a memorandum of understanding (MoU) to develop solutions and services within the small-scale LNG business...

Wärtsilä signs MoU with Engie to develop small-scale LNG markets

Weir Oil & Gas receives $12m contract from Kuwait Oil Company

Glasgow-based Weir Oil and Gas has received a $12m contract from Kuwait Oil Company (KOC) through its representative in Kuwait Khuff Trading and...

Weir Oil & Gas receives $12m contract from Kuwait Oil Company

Saudi Arabia halts oil product shipments to Egypt

Saudi Arabia has halted shipments of oil products to Egypt for an indefinite period, indicating a growing rift between the two Middle Eastern...

Saudi Arabia halts oil product shipments to Egypt

Alabama gas pipeline resumes service after explosion last week

Colonial Pipeline has restarted the gas pipeline that exploded on 31 October in...

Alabama gas pipeline resumes service after explosion last week

KMG EP announces results of exploratory appraisal well at Rozhkovskoye field, Kazakhstan

JSC KazMunaiGas Exploration Production (KMG EP) has announced the results of an exploratory appraisal well at the Rozhkovskoye field, located within the Fedorovsky block in...

KMG EP announces results of exploratory appraisal well at Rozhkovskoye field, Kazakhstan

Baker Hughes announces drop in October's international rig count

The international rig count for October was 920, down by 14 from the 934 counted in September, stated Baker...

Baker Hughes announces drop in October's international rig count

Hyundai receives contract worth $727m from Saudi Aramco

South Korean-based Hyundai Engineering and Construction has secured a $727m contract from Saudi Aramco for the construction of a gas treatment facility at the Uthmaniyah...

Hyundai receives contract worth $727m from Saudi Aramco

Ascent Resources announces re-certification of export production pipeline

The board of Ascent Resources has announced that the export production pipeline that runs from the Petišovci field to the Croatian border has been re-certified at the operating pressure...

Ascent Resources announces re-certification of export production pipeline

Oil and Gas Development Company discovers hydrocarbons within three wells in Sindh, Pakistan

The Oil and Gas Development Company (OGDCL) has discovered hydrocarbons within three wells located in the Sindh province,...

Oil and Gas Development Company discovers hydrocarbons within three wells in Sindh, Pakistan

Deals this week: TransCanada, Anadarko Petroleum, Lukoil

TransCanada Corporation intends to raise $2.38bn through the issue of 54.75 million shares in a bought-deal public...

Deals this week: TransCanada, Anadarko Petroleum, Lukoil

Report: Quifa block to be a key producing asset for Pacific Exploration and Production

Pacific Exploration and Production, despite facing operating challenges at the Quifa block, remains positive of the asset’s viability, says a report by...

Report: Quifa block to be a key producing asset for Pacific Exploration and Production