San Donato Milanese (Milan), 29 July 2014 – Saipem has been awarded new drilling contracts in Indonesia, Nigeria, the Arabian Gulf and Latin America worth approximately $850 million of which $540 million are related to offsho... Read More


  BP today announced its financial results for the second quarter of 2014. Underlying replacement cost profit1 for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% hi... Read More


  By adding innovative liquid flow computers and software for oil and gas applications, ABB boosts its offering in smart metering and control for custody transfer of oil and gas between operators. Zurich, Switzerland – July 25, ... Read More


          Balfour Beatty, the UK’s biggest construction company, is in talks with rival Carillion about a potential £3.05bn merger. One source said that talks between the two sides ... Read More


   Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will ho... Read More


Europe has enough spare capacity in liquefied natural gas (LNG) to meet a large part of the region’s needs if Russia retaliates against the latest EU sanctions by restricting gas supplies. The showdown with Russian president Vladimir... Read More


Britain's manufacturing industry is continuing to strengthen, with orders, output and employment all on the rise over the past quarter. The Confederation of British Industry (CBI) industrial trends survey for the three months to July s... Read More


  Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC), Cosco Shipyard (COSCO) and Hudong Zhonghua Shipyard (HDZ) in China, Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea are the shipbuilders t... Read More


The UK government is to provide £15m in short-term funding to help kick-start a new independent regulator for the North Sea oil and gas industry. The Oil and Gas Authority (OGA), which will be based in Aberdeen, will receive £3m a ... Read More


  15 July 2014 – Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded ... Read More


  Rosneft President Igor Sechin and Vice President of Weatherford International plc. for Russia Lance Marklinger signed an agreement for the acquisition of Rosneft land drilling and workover assets of Weatherford in Russia and Venezuela. ... Read More


  Led by Alexey Miller, Chairman of the Company's Management Committee, a Gazprom delegation paid a working visit today to the Republic of Croatia. As part of the visit, meetings were held with I... Read More


  Petrofac, the international oil and gas services provider has received an award notification for Kuwait Oil Company's (KOC) gathering centre 29 (GC29) which is located approximately 70 km north of Kuwait City in the north of the cou... Read More


  Engineering firm Rolls-Royce has seen a record 33% rise in luxury car sales in the half year to June compared with last year.   Sales shifted up a gear to a total of 1,968 luxury cars worldwide, the company said. Rolls-... Read More


  Lady Thatcher was Britain’s greatest post-war leader but in one area of economic policy she erred. In the 1980s, as oil prices continued to skyrocket following the Islamic revolution in Tehran and the so-called “tanker war&r... Read More


  Shale gas is likely to play an increasingly important role in powering Britain’s growth but don’t expect the country’s largest oil and gas company, Royal Dutch Shell, to help create a fracking-led energy revolution. ... Read More


  Two Norwegian state-controlled energy companies are in line to receive £1.6bn in subsidies from UK consumers, after deciding to invest £1.5bn in building a wind farm off the coast of Norfolk. Statoil and Statkraft sa... Read More