From the field

UAE prepares to lift fuel subsidies

On August 1, the UAE is set to become the first country in the Gulf region to do away with… Read More

9 years ago

ExxonMobil’s profits go way of oil prices

ExxonMobil’s profits more than halved during the second quarter of 2015 compared to the previous year, as the company’s fortunes… Read More

9 years ago

UK’s Arupa joins marginal field initiative

UK’s Arupa has joined a consortium of companies pushing the development of marginal fields by the oil and gas industry.… Read More

9 years ago

IFC loans Pan American $520 million for drilling

Pan American Energy has secured a $520-million loan from the International Finance Corporation (IFC), a member of the World Bank… Read More

9 years ago

BG Group see profit, buoyed by asset selloff

BG Group booked a 63-percent rise in net profit for the second quarter of 2015, however this was mainly due… Read More

9 years ago

Japan looks for offshore potential

Inpex has been commissioned by the Japanese government to drill one exploratory well off the country’s southwest coast, the company… Read More

9 years ago

Turkish Stream pipeline talks stall

Negotiations between Russia and Turkey on the Turkish Stream pipeline project have been suspended, following disagreement over pricing and permit… Read More

9 years ago

ConocoPhillips’ profits down, output up

ConocoPhillips posted a net loss of $179 million for the second quarter of 2015, less than analysts’ expectations. The US… Read More

9 years ago

Offshore sinks shipbuilders’ profits

The crisis affecting the oil and gas industry has reverberated into the shipping industry, with the world’s three biggest shipbuilders… Read More

9 years ago

Subsea 7 bags $500-million Egypt contract

Norway’s Subsea 7 has won a contract worth around $500 million from BP and Germany’s DEA for development work on… Read More

9 years ago

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