The urgent need for the Chancellor to provide a tax break for the North Sea oil and gas industry in next week’s Autumn statement is demonstrated by a new report1 published today showing a sharp decline in confidence in the sector. ... Read More


   Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at... Read More


  HSP selects Paladon Systems to supply 91 actuators and control systems for the Kraken field FPSO To be fitted to 2” to 24” Class 150 to 2500 ball valves, Paladon Systems will be supplying pneumatic double-acting and spri... Read More


  Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG). This will be the first harbour t... Read More


  Bechtel has met the company's commitment to employ and train 400 apprentices during construction of three liquefied natural gas (LNG) plants in Gladstone—one of the largest single intakes of apprentices in Australia's hist... Read More


  Statoil has completed the extensive 2013-2014 exploration programme in the Barents Sea. This represents an all-time high exploration activity and 10% of all exploration wells drilled in the Barents Sea since its opening in 1980. ... Read More


  Technip has secured a 5-year framework agreement with PETRONAS Carigali Sdn Bhd (PCSB) for Engineering, Procurement, Construction & Installation (EPCI) or supply-only of flexible pipes for PCSB’s projects in Malaysia. This fra... Read More


  Chevron Corporation (NYSE: CVX) today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter. Foreign currency e... Read More