Mexico's Renewed Focus On Oil And Natural Gas

Mexico's new President Andrés Manuel López Obrador (AMLO) took office on December 1 and will serve one six-year term. It was the largest landslide in Mexico's recent history, and AMLO claims that he will head the biggest transformation since the 1910 revolution...

Read More


Arctic LNG Contract Goes to Saipem

Arctic LNG 2 has awarded a joint venture (JV) of Saipem and the Turkey-based oil and gas services company Renaissance a 2.2 billion-euro onshore engineering and construction contract in Russia, Saipem reported Wednesday...

Read More




Canada to Invest C$1.6B in Oil and Gas Sector

The Canadian government will pump C$1.6 billion ($1.186B USD) into the country's oil and gas sector, which has been grappling with record low oil prices, Canada's Minister of Natural Resources Amarjeet Sohi announced Dec. 18...

Read More


CNOOC signs strategic cooperation agreements with nine IOCs

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL (in alphabetical order)...

Read More






Transocean Acquires Ocean Rig

Transocean Ltd. reported Wednesday that it has completed its acquisition of Ocean Rig UDW Inc. The announcement follows Transocean shareholders' approval of the deal on Nov. 29...

Read More



Deepwater Block Writing Guyana's Future

A string of deepwater successes in the Stabroek block offshore Guyana recently become longer, with Exxon Mobil Corp.'s announcement Monday of its Pluma discovery and upgrade of estimated recoverable reserves...

Read More


ADES Buys 11 Drilling Rigs from Weatherford

Saudi Aramco and SABIC will develop an integrated industrial complex to convert crude oil to chemicals (COTC) at Yanbu, located on Saudi Arabia's west coast, the companies said Thursday in a joint statement...

Read More