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

Copyright: Copyright 2017 Inc. All rights reserved.

India's ONGC Buys 15% Stake In Namibia Offshore Block From Tullow

Tue, 21 Nov 2017 00:00:00 GMT

India's ONGC Videsh Ltd (OVL) acquires a 15% stake in Namibia's offshore Block 2012A from Tullow Oil.

Aberdeen Services Company Secures Chrysaor Deal

Tue, 21 Nov 2017 00:00:00 GMT

Craig International wins new services deal with Chrysaor.

BP Seeks Stake In Cairn Energy Senegal Assets

Mon, 20 Nov 2017 00:00:00 GMT

Cairn Energy is in talks with BP to sell a 30% stake offshore Senegal.

German Gas Supplier VNG In Talks To Sell Norwegian Energy Business -Sources

Fri, 17 Nov 2017 00:00:00 GMT

German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, 3 banking sources say.

Saipem Secures Onshore Services Deals Worth Around $1B

Fri, 17 Nov 2017 00:00:00 GMT

Saipem wins new contracts in Saudi Arabia and Mexico, and additional works of existing contracts in Saudi Arabia and Kazakhstan.

BHP Eyes Two-Year Exit From Shale; Also Selling Nickel

Thu, 16 Nov 2017 00:00:00 GMT

BHP Billiton hopes to fully divest its troubled U.S. onshore shale business in around 2 years.

Premier Oil Seeking Buyers For Stake In Indonesia Gas Field

Thu, 16 Nov 2017 00:00:00 GMT

Premier Oil is seeking buyers for a 25% stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam.

New Aberdeen Oilfield Services Company Wins First Contract

Thu, 16 Nov 2017 00:00:00 GMT

Aberdeen headquartered energy services firm Well-Safe Solutions has landed its first contract after launching in July.

Wentworth Resources Relocating Head Office to London

Thu, 16 Nov 2017 00:00:00 GMT

Wentworth Resources Limited is relocating its head office and executive management team from Calgary, Canada, to London, UK, as part of a 'restructuring process'.

Total Chief Says Would Have To Review Iran Gas Deal If New Sanctions Arose

Tue, 14 Nov 2017 00:00:00 GMT

Total would have to review its Iran gas project if the United States decided to impose unilateral sanctions on Tehran, given its interests in the U.S. market, its chief executive told CNN.

UK, Norway Team Up for North Sea Hackathon Events

Tue, 14 Nov 2017 00:00:00 GMT

The Industry Technology Facilitator and Norwegian Energy Partners to host joint technology hackathon events in an effort to tackle operator late life and decommissioning challenges in the North Sea.

Noble Group Says Jeffrey Frase Resigns As Co-CEO

Mon, 13 Nov 2017 00:00:00 GMT

Commodities trader Noble Group says Jeffrey Frase resigns as co-chief executive officer (CEO) and global head of oil liquids.

Baker Hughes: US Drillers Add The Most Oil Rigs In A Week Since June

Fri, 10 Nov 2017 00:00:00 GMT

US energy companies added the most oil drilling rigs in week since June as crude prices traded up to their highest levels since the summer of 2015.

Kenya Offers Bigger Share Of Oil Revenue To Local Communities

Fri, 10 Nov 2017 00:00:00 GMT

Kenya's government has proposed in a draft bill to give 30% of prospective oil revenue to the community where the resource was discovered.

Gambia To Market Oil Blocks Revoked From African Petroleum

Fri, 10 Nov 2017 00:00:00 GMT

Gambia plans to market 2 offshore oil blocks that it revoked from African Petroleum.

Oilfield Services Companies Team Up for New Joint Venture

Fri, 10 Nov 2017 00:00:00 GMT

Oilfield services companies Tasman Oil Tools Group and OLIO Resources Sdn Bhd announce the launch of a new joint venture entity, OLIO Tasman Oil Tools Sdn Bhd.

McDermott Teams in Dubai, Chennai, Al Khobar to Work on 'Major' Contract

Fri, 10 Nov 2017 00:00:00 GMT

Oilfield services company McDermott International Inc's engineering and procurement teams in Dubai, Chennai and Al Khobar will work on a 'major' contract award from a 'Middle East customer'.

Aramco Expects To Boost Capital Spending By About 10%

Thu, 09 Nov 2017 00:00:00 GMT

Saudi Aramco expects to increase its capital spending budget by almost 10% in its next financial year.

Russia's Tatneft Says Not In Talks To Sell Entire Company Or Its Part

Thu, 09 Nov 2017 00:00:00 GMT

Tatneft, Russia's mid-sized oil producer, has not been in any kind of talks and does not plan to hold any discussions on selling a part or the entire company, it said in emailed reply to Reuters on Thursday.

UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output

Wed, 08 Nov 2017 00:00:00 GMT

Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields.