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

Copyright: Copyright 2017 Inc. All rights reserved.

South Sudan Says Talks Over Blocks B1 And B2 End, Seeks New Partners

Mon, 24 Apr 2017 00:00:00 GMT

South Sudan says Blocks B1 and B2 are open for direct negotiation after talks with Total, Tullow Oil and the Kuwait Foreign Petroleum Exploration Company break down.

Petronas Awards 'Key' Offshore Contract

Mon, 24 Apr 2017 00:00:00 GMT

Petronas Carigali Sdn Bhd (PCSB), a subsidiary of Petronas, awards a "key contract" to Perbadanan Urusan Kejuruteraan dan Limbungan Brooke.

Baker Hughes: US Drillers Add Oil Rigs For 14th Week In A Row

Fri, 21 Apr 2017 00:00:00 GMT

US drillers added oil rigs for a 14th week in a row, extending an 11-month recovery.

Israel's Delek Says Ithaca Shareholders Approve Takeover Bid

Fri, 21 Apr 2017 00:00:00 GMT

Israel's Delek Group says its offer to take over North Sea oil producer Ithaca Energy has been accepted by Ithaca's shareholders.

Oil-Sands Operators Bet on Local Advantage as US Partners Flee

Thu, 20 Apr 2017 00:00:00 GMT

Now that multinational energy producers have sold their stakes in Canada's oil sands, local companies are hatching plans to make some real changes.

Contest Launched Among Street Art Painters for Yamal LNG Tank Design

Thu, 20 Apr 2017 00:00:00 GMT

JSC Yamal LNG is holding a contest among street art painters and artists to determine a winning design for the Yamal LNG tanks, situated above the Arctic Circle in the Yamal Peninsula.

KBR, PT Singgar to Provide Staff for Engineering Work After Contract Win

Thu, 20 Apr 2017 00:00:00 GMT

KBR and PT Singgar Mulia Engineering Consultants will provide local and global personnel to conduct engineering, project and construction management services for Chevron's Indonesian fields.

Shell Opens Treatment Plant In Argentina Shale Play

Wed, 19 Apr 2017 00:00:00 GMT

Royal Dutch Shell PLC inaugurated on Tuesday a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play, one of the world's largest.

BEIS Committee Chair to Step Down

Wed, 19 Apr 2017 00:00:00 GMT

The Chair of the Business, Energy and Industrial Strategy Select Committee, Iain Wright, announces that he will be standing down.

Energy XXI Gulf Coast Names New CEO

Tue, 18 Apr 2017 00:00:00 GMT

Oil and gas producer Energy XXI Gulf Coast taps former Yates Petroleum CEO Douglas E. Brooks as the new head of its company.

CNOOC CEO Resigns After Less Than A Year In Latest Board Reshuffle

Tue, 18 Apr 2017 00:00:00 GMT

CNOOC says chief executive officer Yang Hua has resigned, less than a year after being appointed to the top spot.

Freeport-McMoRan Lays Off More Workers in Houston

Mon, 17 Apr 2017 00:00:00 GMT

Phoenix-based Freeport-McMoRan will be laying off additional staff in Houston as a result of its recent divestitures.

Reformer At Ukraine's State-Run Naftogaz Resigns From Board

Fri, 14 Apr 2017 00:00:00 GMT

A key reformer at Ukraine's Naftogaz announces her resignation on from the state-run firm's supervisory board.

Tillerson Made $27.4 Million Last Year At ExxonMobil

Thu, 13 Apr 2017 00:00:00 GMT

US Secretary of State Rex Tillerson received compensation worth $27.4 million last year when he was chief executive of Exxon Mobil Corp.

Eni Paid No Intermediary, Bribes To Acquire Nigeria Oilfield

Thu, 13 Apr 2017 00:00:00 GMT

Eni reiterates it had not paid any intermediary or any bribes to acquire the OPL-245 oilfield in Nigeria.

Sources: Chevron Exploring Sale Of Canada Oil Sands Stake Worth About $2.5B

Thu, 13 Apr 2017 00:00:00 GMT

Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.

Vedanta, Cairn India Merger Takes Effect

Wed, 12 Apr 2017 00:00:00 GMT

Vedanta Limited and Cairn India Limited announce that the merger of Cairn India with Vedanta has become effective.

Sirius Petroleum Appoints New Chief Operating Officer

Wed, 12 Apr 2017 00:00:00 GMT

Sirius Petroleum appoints Peter Gregory as its new chief operating officer.

China's CNPC Sets Up Mideast Headquarters In Dubai Free Zone

Tue, 11 Apr 2017 00:00:00 GMT

CNPC agrees to set up its regional headquarters in the Jebel Ali Free Zone (Jafza) of Dubai to oversee investments, oil services and trading in the Middle East.

EM&I Secures Seadrill MSA, Boosts Employment Opportunities Internationally

Tue, 11 Apr 2017 00:00:00 GMT

Oilfield services firm EM&I wins a Master Services Agreement (MSA) with Seadrill, which will help secure jobs in the UK and increase job opportunities in EM&I's African operations.