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The latest upstream oil and gas news from around the world.

Copyright: Copyright 2017 Inc. All rights reserved.

Petrofac Suspends Group Chief Operating Officer Amid SFO Investigation

Thu, 25 May 2017 00:00:00 GMT

Petrofac's board has suspended its Group Chief Operating Officer, Marwan Chedid, until further notice, amid the Serious Fraud Office's ongoing investigation into the company.

Nigeria To Mediate In Dispute Between Exxon And Labor Unions

Wed, 24 May 2017 00:00:00 GMT

Nigeria's government wants to resolve a labor dispute between ExxonMobil and unions in the oil-rich Niger Delta region, a minister says.

Seadrill CEO Praises Workforce

Wed, 24 May 2017 00:00:00 GMT

Seadrill Limited is well positioned in the current market, thanks in part to its highly skilled workforce, the company's CEO, Per Wullf, says.

Proserv Secures Series of Services Deals in Middle East

Tue, 23 May 2017 00:00:00 GMT

Energy services company Proserv has been awarded a series of contracts worth a combined value of more than $11 million.

Serinus Shuts-In Sabria Field Due to Social Unrest

Tue, 23 May 2017 00:00:00 GMT

Serinus Energy Inc. temporarily shuts-in production at the Sabria field in Tunisia due to continued social unrest in the southern part of the country.

Wood Group Engineers to Carry Out Sakhalin Energy Services Contract

Mon, 22 May 2017 00:00:00 GMT

Wood Group's engineering team based in Yuzhno-Sakhalinsk, on Sakhalin Island, will carry out a technical support services contract for Sakhalin Energy Investment Company Ltd.

BP Makes 'Valuable Addition' to Board

Fri, 19 May 2017 00:00:00 GMT

BP plc makes a 'valuable addition' to its board with the election of Melody Meyer as non-executive director, according to BP Chairman Carl-Henric Svanberg.

IPE Professor Wins SPE Award

Thu, 18 May 2017 00:00:00 GMT

The 2017 North Sea Regional Award for Productions and Operations from the Society of Petroleum Engineers (SPE) has been awarded to Professor Eric Mackay of Heriot-Watt University.

Wood Group Says New MSA Marks Quality of Its People

Thu, 18 May 2017 00:00:00 GMT

Wood Group states that a recently signed 10-year master services agreement (MSA) with Chevron 'demonstrates the quality of its people'.

Aberdeen Subsea Company Marks Launch with New Office

Thu, 18 May 2017 00:00:00 GMT

Aberdeen-based subsea integrity consultancy, 1 Consulting Subsea Integrity (1CSI), marks the launch of its business with a move into premises at the James Gregory Centre in Aberdeen.

Halliburton CEO To Retire Next Month, Be Replaced By Jeff Miller

Wed, 17 May 2017 00:00:00 GMT

Halliburton says that Chief Executive Officer Dave Lesar will retire on June 1.

InvestKL Continues Efforts to Attract MNCs to Base in Kuala Lumpur

Thu, 18 May 2017 00:00:00 GMT

Government agency InvestKL CEO Datuk Zainal Amanshah sets sights on attracting 100 multinational corporations, including key oil and gas firms, to Kuala Lumpur.

BP Sees Early Promise, Growing Investment In Mexico Energy

Wed, 17 May 2017 00:00:00 GMT

BP's first foray into Mexico's recently opened energy market is proving more promising than expected, the oil major's Mexico boss said in an interview.

Russia's Rosneft, Italy's Eni To Expand Cooperation

Wed, 17 May 2017 00:00:00 GMT

Rosneft and Italian energy company Eni are due to sign an agreement on expanding cooperation.

Israeli Energy Firms Delek Drilling, Avner Oil To Finally Merge

Wed, 17 May 2017 00:00:00 GMT

Israel's Delek Drilling and Avner Oil, both units of conglomerate Delek Group, complete a long-awaited merger.

Premier Oil Sees Significant Debt Reductions In 2018

Mon, 15 May 2017 00:00:00 GMT

Premier Oil, which has struggled to contain its $2.8 billion debt pile, says it expects to slash debt significantly in 2018 with planned asset disposals this year and lower capital spending.

BP Accuses Former Oil Analyst Of Stealing Trade Secrets

Fri, 12 May 2017 00:00:00 GMT

BP has sued a former US oil analyst for allegedly stealing trade secrets and other confidential information, according to court filings.

Petrobras Sees Room For More Efficient Payroll, CAPEX

Fri, 12 May 2017 00:00:00 GMT

Petrobras has room to improve the efficiency of its investments and payroll spending, executives say.

Japan's Inpex Sees Minimal Cost Overrun On Ichthys LNG Project

Fri, 12 May 2017 00:00:00 GMT

Inpex Corp sees minimal cost overruns on its Ichthys liquefied natural gas (LNG) export plant in Australia because of a start-up delay, a senior executive says.

BASF Sees Role Of Oil And Gas Unit Declining Further

Fri, 12 May 2017 00:00:00 GMT

BASF says its oil and gas division will play an even smaller role for group earnings as BASF's focus would lie on boosting profitability.