News

30/07/2014

  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

29/07/2014

  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

28/07/2014

  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

25/07/2014

          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

24/07/2014

   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

23/07/2014

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

22/07/2014

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

21/07/2014

  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

17/07/2014

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

15/07/2014

  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

14/07/2014

  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

11/07/2014

  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

10/07/2014

  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

09/07/2014

  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

08/07/2014

  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

07/07/2014

  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

02/07/2014

  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