Australian Firm Takes 1st Step in North Sea Push

Australia-based Talon Petroleum Limited announced Friday that it has entered into an agreement with Corallian Energy Limited to earn a 10 percent interest in License P2396, subject to Oil & Authority approval of the assignment...

Read More




Big Oil Woos China With $24B Spree

A Chinese archipelago that served as a pirate’s den in centuries past and was governed by President Xi Jinping in the new millennium is luring the world’s energy giants...

Read More



Petrobras FPSO Achieves First Oil

The Petróleo Brasileiro S.A. (Petrobras)-operated floating production storage and offloading (FPSO) vessel P-69 is now producing at the Lula Extrema South in Brazil’s offshore Santos Basin...

Read More


Saudi Aramco Signs Deals Worth Over $34B

The Petróleo Brasileiro S.A. (Petrobras)-operated floating production storage and offloading (FPSO) vessel P-69 is now producing at the Lula Extrema South in Brazil’s offshore Santos Basin...

Read More


$4B Thailand Refinery Contract Awarded

ThaiOil, a unit of the Petroleum Authority of Thailand (PTT) Public Co., has awarded an onshore engineering and construction (E&C) contract to a Saipem-Petrofac-Samsung consortium for the expansion of its Sriracha refinery, Saipem reported Friday...

Read More


Equinor Sells Tommeliten Discovery Stake

Equinor announced Thursday that it has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf for a total of $220 million...

Read More


Carlyle Group Buys EnerMech

Aberdeen-headquartered EnerMech, a services company focused on the energy and infrastructure sectors, has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum...

Read More


Engie and Caisse Said to Plan $9B Pipeline Bid

French utility Engie SA and a Canadian pension fund plan to offer as much as $9 billion (34 billion reals) for Petrobras’s natural gas pipeline network, potentially a $1 billion boost from their initial bid, according to people with knowledge of the matter...

Read More




Murphy Oil and Petrobras to Form Gulf of Mexico JV

Murphy Oil Corporation’s subsidiary Murphy Exploration & Production Company and Petrobras subsidiary Petrobras America Inc. (PAI) have entered into a joint agreement made up of Gulf of Mexico assets, the companies announced Oct. 10...

Read More


Saudi Crown Prince Vows Aramco IPO by 2021

Saudi Arabia’s crown prince insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more...

Read More


BHGE to Acquire $550MM Stake in ADNOC Drilling

Baker Hughes, A GE company (BHGE) and Abu Dhabi National Oil Company (ADNOC) have signed a strategic partnership agreement, which will see BHGE acquire a five percent stake in ADNOC’s subsidiary, ADNOC Drilling, for $550 million...

Read More



Ensco and Rowan to Merge in $12B Deal

Offshore drilling contractors Ensco plc and Rowan Companies plc have agreed to a merger in which the newly-formed company will be valued at $12 billion, the companies announced Oct. 8...

Read More



$14B LNG Canada Contract Goes to Fluor and JGC

A joint venture of Fluor Corp. and JGC Corp. has won the estimated $14 billion engineering, procurement, fabrication and construction contract for the liquefied natural gas (LNG) export facility that LNG Canada has decided to develop in Kitimat, British Columbia, Canada...

Read More