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Energy Economy
BP in Talks to Sell 28% Stake in UK North Sea Field
The company had agreed last year to sell the Shearwater and Andrew projects to Premier Oil but the deal fell through
Oil & Gas
Chevron Shuts in Tamar Gas Field Amid Unrest in Israel
Oil and gas giant Chevron has shut down production at its operated Tamar field located offshore Israel amid escalating violence and tensions in the region.
Oil & Gas
Iran to Award $1.8 Billion Gas Field Contract to Local Company
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously inte
Oil & Gas
Keppel Snatches Contract to Build FPSO for World’s Largest Deepwater Oil Field
Brazilian oil and gas giant Petrobras has signed a $2.3 billion worth contract with Keppel Shipyard to build the P-78 FPSO, the seventh unit to be installed in
Oil & Gas
Fire Erupts at Kuwait's Largest Oil Field; Two Injured
The injured workers were in stable condition and receiving treatment at a nearby hospital.
Oil & Gas
CNOOC Flows First Gas from Liuhua 29-2 field
Chinese oil and gas giant CNOOC Limited has produced first gas from the Liuhua 29-2 gas field located in the South China Sea.
Energy Economy
Israeli Firm to Sell Gas Field Stakes to UAE Company: Statement
Delek is seeking to sell its stake in Tamar, a huge gas field under the Mediterranean some 80 kilometres off the coast of northern Israel
Oil & Gas
Nigeria’s President Restores Four Drilling Permits Revoked from China’s Addax
Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec.
Oil & Gas
RIL, BP Announce Start of Production from Deepwater Gas Field on KG-D6
Reliance Industries Limited and bp today announced the start of production from the Satellite Cluster gas field in KG-D6 block off the east coast.
Energy Economy
Oilfields Supply Center Makes $570 million Investment in King Salman Energy Park Energy Hub
Oilfields Supply Center Limited has awarded a contract to construct its OSC base in the Kingdom.
Oil & Gas
L&T Secures Contract to Build Large Oil & Gas Supply Bases in Saudi Arabia
The company said that the project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated in
Oil & Gas
Iraq Awards China’s Sinopec Contract to Tap Natural Gas Resources
China’s state-run Sinopec energy company won a deal to develop a major gas field in eastern Iraq.
Oil & Gas
Aramco Resumes Work on Offshore Oil Capacity Expansion
State-controlled Saudi Aramco has resumed development work on three offshore crude expansion projects that will provide an additional 1.15mn b/d of capacity by
Oil & Gas
BP Halts Production at UK's Foinaven Crude Field
BP said today it has suspended production indefinitely at the Foinaven crude fields west of Shetland as it prepares for the removal of the ageing floating produ
Oil & Gas
Uganda, Tanzania Sign Oil Pipeline Project Agreement
1,440 km crude oil pipeline will be constructed from Uganda's Albertine region to Tanzanian seaport of Tanga
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