Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working capital.
The Houston Ship Channel won’t reopen until the U.S. Coast Guard verifies that a cloud of cancer-causing benzene has dissipated and oily runoff from the region’s worst chemical disaster in 14 years poses no threat to vessels or their crews.
Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nation’s ailing oil company, Pemex, and a new plan to try and save it.
McDermott International, Inc. has announced a substantial* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf.
A top Interior Department official told oil industry leaders the Trump administration is seeking to sign contracts leasing new coastal waters for oil drilling under favorable terms that will be difficult for future presidents to revoke or rewrite.
Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year.
Venezuela’s exports to the U.S. hit zero last week after American sanctions on PDVSA.
Bureau of Safety and Environmental Enforcement (BSEE) Director Scott Angelle emphasized BSEE’s commitment to safe and environmentally sustainable energy production during meetings in Louisiana with the Greater Lafourche Port Commission, the Louisiana Mid-Continent Oil and Gas Association and BSEE Gulf of Mexico Region staff.
The Trump administration’s pro-drilling policy took a blow when a federal judge ordered a halt to oil and gas exploration on more than 300,000 acres in Wyoming, saying the government must account for its cumulative effect on global climate change.
On behalf of the Johan Sverdrup license, Equinor is awarding a contract for constructing and installing the subsea production system for project phase 2 to TechnipFMC.
The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX Corporation. A wholly-owned INPEX subsidiary, JODCO Exploration Limited, will hold and manage the interest in the concession on behalf of INPEX.
Jumbo wins offshore subsea decommissioning project in the North SeaJumbo has been awarded an offshore decommissioning project in the North Sea by TAQA Energy BV, involving the removal, transportation and disposal of three subsea protection domes and piles.
Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs.
Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years.
On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies.
Exxon Mobil plans to reduce the cost of pumping oil in the Permian to about $15/bbl, a level only seen in the giant oil fields of the Middle East.