Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time

Anadarko Sells Share in Block Offshore Mozambique for ...

Anadarko Petroleum Corporation yesterday announced it has entered into a definitive agreement with ONGC Videsh Ltd. ...

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OGX Reports Net Loss of $2 Billion

A troubled Brazilian oil and gas company OGX, owned by once a billionaire Eike Batista, has reported a massive ...

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IHC Merwede Confirms 1 Billion Euro Orders for Six Pipelayers

IHC Merwede’s Offshore division has been successful in securing orders worth over €1 billion for the design, ...

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ConocoPhillips 2Q Adjusted Earnings at $1.8 Billion

ConocoPhillips today reported second-quarter 2013 earnings of $2.1 billion, or $1.65 per share, compared with ...

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Global Market for Oilfield Equipment to Reach USD 117 ...

According to a new market report published by Transparency Market Research the global market for oilfield equipment ...

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Sinopec Buys Marathon’s Angola Assets for $1.52 Billion

China Petroleum & Chemical Group, better known as Sinopec, has announced it has reached an agreement with ...

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GE to Buy Lufkin Industries for $3.3 Billion (USA)

GE  and Lufkin Industries Inc.  announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a ...

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Rosneft Completes TNK-BP Acquisition

Russia’s state-owned oil company Rosneft has today completed one of the largest oil industry acquisitions in ...

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Pacific Drilling Gets $1 Bln Loan to Pay for ...

Offshore drilling contractor Pacific Drilling S.A. has signed a $1 billion senior secured credit facility agreement ...

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Saipem, Eni Pen Drilling Contracts Worth $1.2 Billion (Italy)

Saipem, Eni Pen Drilling Contracts $1.2 Billion (Italy)

Italy’s Saipem today announced it has has signed offshore drilling contracts with Eni, for an approximate ...

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SOCAR Allocates USD 4 Billion for New Offshore Rigs ...

SOCAR Allocates USD 4 Billion for New Offshore Rigs

Azerbaijan’s state-controlled oil and gas exploration and production company, SOCAR, has allocated $4 billion ...

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ExxonMobil Reports 4Q Earnings on 9.95 Billion

ExxonMobil Reports 4Q Earnings on 9.95 Billion

U.S. oil giant ExxonMobil today reported earnings of $9,950 million for 4th quarter 2012, an increase of $550 ...

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Simmons UK Completes $2.3 Billion Worth of Deals in 2012

Simmons & Co in Aberdeen today announced that it completed 14 deals in 2012 with a total value of $2.3billion, ...

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ConocoPhillips to Spend $15.8 Billion in 2013

ConocoPhillips to Spend 15.8 Billion in 2013

ConocoPhillips has announced a 2013 capital budget of $15.8 billion (including contributions to the FCCL joint ...

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Noble Energy to Spend $3.9 Billion in 2013

Noble Energy to Spend $3.9 Billion in 2013

Noble Energy, Inc. yesterday announced its 2013 capital program and guidance, and provided updates to the fourth ...

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BG Secures $3 Billion Syndicated Committed Credit Facility

BG Secures $3 billion Syndicated Committed Credit Facility

UK’s natural gas company BG Group today announces a new 5-year $3 billion syndicated committed credit ...

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AAR Agrees to Sell TNK-BP Stake for $28 Billion (Russia)

AAR Agrees to Sell TNK-BP Stake for $28 billion

Russian consortium AAR has decided to sell its share in TNK-BP to Rosneft for USD 28 billion, Reuters has reported, ...

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Petrobras Pens $1 Billion Loan Deal with Japanese Bank

Petrobras Pens $1 Billion Loan Deal with Japanese Bank

On Friday, October 12, Petrobras signed a loan agreement for up to US$ 1 billion with the Japan Bank for ...

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COSL’s Subsidiary Completes USD 1 Billion Notes Issue (China)

COSL’s Subsidiary Completes USD 1 Billion Notes Issue (China)

  China Oilfield Services Limited announced that its wholly-owned subsidiary, COSL Finance BVI Limited, has ...

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Chevron Spends USD 1 Billion on Pacific Sharav ...

Chevron Spends USD 1 Billion on Pacific Sharav Drillship Contract

Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Sharav has been awarded a ...

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Keppel to Build Five Semis for Brazilian Company. Order ...

Keppel to Build Five Semis for Brazilian Company. Order Value USD 4 Billion

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro ...

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