API’s IM standards boost offshore safety

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NOV Achieves Quarterly Record of $1 Bln in Cash Flow ...

National Oilwell Varco, Inc.  today reported that for the third quarter ended September 30, 2013 it earned net ...

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Transocean Contracts Value Reaches USD 2 Bln

Transocean Ltd. today issued a comprehensive Fleet Status Report which provides the current status and contract ...

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Norwegian Petroleum Industry Makes NOK 344 Bln

In the National Budget 2014, the Norwegian State’s net cash flow from the petroleum industry is estimated at almost ...

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Wood Mackenzie: East Africa Upstream Investments to ...

Martin Kelly, Head of Sub Sahara Africa upstream research for Wood Mackenzie, told delegates at the East Africa Oil ...

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BP Awards over £1 Bln Worth of Contracts for UK Fields

BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies ...

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Europe’s 17 Bln Boe of Yet-to-Find Oil and Gas ...

At Offshore Europe in Aberdeen, Wood Mackenzie presented its view of the role of independent oil and gas companies ...

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Technip, NPCC Land $1.69 Bln EPC Work for Umm Lulu ...

Technip, in a consortium led by National Petroleum Construction Company (NPCC), has been awarded by Abu Dhabi ...

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Total Reports Adjusted Net Income at 2.7 Bln Euros (France)

French oil giant Total today announced the results for the second quarter of 2013. The Company highlights the ...

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Norwegian Projects to Increase European Drilling ...

Norway will be Europe’s key offshore oil and gas destination in the near future, with a series of fresh development ...

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GE Oil & Gas Buys Lufkin for $3.3 Bln

GE Oil & Gas yesterday announced that it has completed its acquisition of Lufkin Industries, Inc., a leading ...

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MODU Market to Reach USD 54.8 Bln Value in 2013

Within the global oil and gas industry the mobile offshore drilling unit (MODU) market is taking on an increasingly ...

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Petrobras Mulling $5 Bln Nigerian Assets Sale

Petrobras Mulling $5 Bln Nigerian Assets Sale

Brazil’s state-run oil company Petrobras will, according to Reuters, put up its assets in Nigeria for sale. ...

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BP Plans $8 Bln Buy-Back of Shares (UK)

BP announced today that it intends to carry out a share repurchase, or buy-back, programme with a total value of up ...

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GBI: Yearly Offshore Drilling Investment in Africa and ...

An increase in offshore discoveries is prompting a surge in exploration activity across the Middle East and Africa ...

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CNOOC Buys Canada’s Nexen for $15.1 Bln

CNOOC Buys Canada's Nexen for $15.1 Bln

China’s state-controlled oil company CNOOC Limited announced today that it has completed its acquisition of ...

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Daewoo Building Dagny Topsides for $1.1 Bln

Statoil and its partners Total and Det norske have awarded South Korea’s DSME a contract to build the ...

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Rosneft Secures $14.2 Bln Loan to Pay for AAR’s ...

Rosneft Secures $14.2 Bln Loan to Pay for TNK-BP Stake

Russia’s Rosneft today, February 13,  signed loan agreements for the total amount of U.S. $14.212 billion. ...

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ROV Market in Oil & Gas Industry to Reach Value of ...

ROV Market in Oil & Gas Industry to Reach Value of $2.46bn in 2013

The global market for remotely operated vehicles (ROVs) in the oil & gas industry will reach a value of $2.46bn ...

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SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from ...

SapuraKencana Buys $2.9 Bln Worth of Tender Rigs from Seadrill

Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the ...

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Thailand: PTTEP to Spend $24 Bln Over Next Five Years

Thai PTTEP to Spend $24 Bln Over Five Years

Thailand’s oil company PTT Exploration and Production Public Company Limited or PTTEP revealed the Capital ...

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Schlumberger Revenue Rises to $42.15 Bln

Schlumberger Revenue Rises to $42.15 Bln

The world’s largest oilfield services provider, Schlumberger, today reported full-year 2012 revenue of $42.15 ...

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