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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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