Major oil-producing countries should cut production to lift the falling prices of crude oil, Russian state-run Rosneft’s CEO Igor Sechin… Read More
Major international oil companies have scooped up offshore exploration acreage in the South Porcupine Basin, Irish officials announced on Thursday.… Read More
Total saw a 26% fall in adjusted net income for Q4 2015, falling from USD 2.8 billion the year before… Read More
South Korean shipbuilder Hyundai Heavy Industries has picked up contracts for two 136,000-tonne oil tankers, the company announced on Thursday.… Read More
The blaze that ripped through Platform Number 10 on December 4, 2015, was put out late on Wednesday, Azerbaijan’s Emergency… Read More
Technip has been handed contracts for the fabrication and installation of infield pipelines on two projects on the Norwegian North… Read More
SBM Offshore laid off 3,200 workers in 2015 and intends to let go 400 employees this year, the Dutch floating… Read More
Norwegian independent DNO on Thursday said it would increase its investments in the Kurdistan Region of Iraq. The news follows… Read More
Egyptian Prime Minister Sherif Ismail has cast doubts on his country’s ability to pay its debt to international oil and… Read More
Petronas is terminating its Regasification Terminal Lahat Datu (RTLD) project due to uncertainty and delays, Malaysia’s state-owned energy company said… Read More
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