OPEC hasn’t even started implementing its new six-month agreement to cut output, and already members responsible for most of the reductions have pledged to extend or even deepen it.
Saipem has been awarded new onshore and offshore drilling contracts worth approximately $255 million.
Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for engineering, procurement, construction and installation (EPCI) activities in relation to the “Ramp Up to Plateau” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.
Kentucky-based ISCO Industries said its Canadian subsidiary has completed the acquisition of polyethylene pipe fusion specialists A.H. McElroy Sales and Service and will operate the combined business as ISCO-A.H. McElroy.
Two Democratic lawmakers urged the U.S. Department of Homeland Security to better protect oil and gas pipelines from cyber-attacks, after a report they requested detailed a lack of federal oversight of the critical conduits.
U.S. liquefied natural gas (LNG) export capacity is on the brink of doubling in 2019, which will boost the super-cooled fuel’s influence on the U.S. natural gas market, where volatility surged in 2018 after several years of slumber.
Lithuanian parliament voted to operate its liquefied natural gas (LNG) import facility at least until 2044 and told state-owned Klaipedos Nafta to purchase an LNG regasification vessel by late 2024.
Energy group Uniper entered agreements with Japanese shipping group Mitsui OSK Lines to handle potential deliveries of liquefied natural (LNG) gas into Germany.
Port Arthur LNG, LLC, a subsidiary of Sempra Energy, and the Polish Oil & Gas Company (PGNiG) announced they have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas.
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The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp (XOM.N) a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three sources familiar with the matter told Reuters.
Clariant, a world leader in specialty chemicals, announced that it has signed a Memorandum of Understanding (MoU) with Saudi Kayan, a Saudi joint stock company leading in the field of chemicals, polymers and specialty products.
Sudan signed an agreement with Russian companies to build a refinery on the Red Sea in Port Sudan with a capacity of 222,000 barrels per day, the oil ministry said
Senex Energy Ltd. has successfully completed the initial flow test of the Gemba-1 gas exploration well in the Cooper basin, with stabilized flow rates of approximately 8 MMscfd, plus associated liquids.
Petrofac’s Engineering and Production Services (EPS) business has secured a construction and commissioning contract with Ithaca Energy (UK) Limited valued in the region of $10 million.
CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL (in alphabetical order).