ADNOC Logistics and Services announced it has taken delivery of ‘Al Shelila,’ the first of six newbuild liquified natural gas (LNG) carriers from Jiangnan Shipyard in China. The vessel has been delivered two months ahead of schedule. SourceContinue Reading

Electromagnetic Geoservices (EMGS) announced they have signed a contract with an undisclosed client for a controlled source electro-magnetic (CSEM) survey in India. The survey is expected to have a contract value of approximately USD 10 million, including mobilization fee. SourceContinue Reading

Oil States has introduced an industry-first Low Impact Workover Package (LIWP). The LIWP is engineered to empower operators to safely and cost-effectively plug and abandon aging subsea wells while minimizing wellhead loads and streamlining operations. SourceContinue Reading

ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. The integration will add seamless value to ConocoPhillips’ deep, durable and diverse portfolio while meeting our strict financial framework, said CEO Ryan Lance. SourceContinue Reading

(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus, which could come in the next five years, CEO Vicki Hollub said in Midland, Texas this week. SourceContinue Reading

SBM Offshore has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions, and SBM expects to draw the loan phased over the construction period of the FPSO. SourceContinue Reading

An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of ageing offshore infrastructure through cross-industry collaboration. SourceContinue Reading

Crude oil futures remain steady, supported by geopolitical tensions and a rebound in Chinese crude imports, according to a Pepperstone analyst. Given the prevailing geopolitical risks, the market is likely to maintain a bullish near-term outlook. SourceContinue Reading

Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and Management, existing shareholders and new investors. SourceContinue Reading

(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come. SourceContinue Reading