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

Copyright: Copyright 2017 Inc. All rights reserved.

Technip, FMC Technologies Complete Merger

Tue, 17 Jan 2017 00:00:00 GMT

Technip and FMC Technologies finalize their merger, say new company can challenge conventions in oilfield project delivery.

Leviathan Partners Look To Sell 14.8 Bcm of Gas to Israel's Edeltech

Tue, 17 Jan 2017 00:00:00 GMT

The partners involved in Israel's giant Leviathan natural gas field enter talks to supply 14.8 billion cubic metres of natural gas over 17 years to Edeltech, an Israeli private power provider.

Azerbaijan's SOCAR Sees H2 2016 Net Profit At $298 MM

Tue, 17 Jan 2017 00:00:00 GMT

Azeri state oil company SOCAR expects net profit of around 550 million manat ($298 million) for the second half of 2016.

UK Export Agency Signs First Loan Deal In Africa For Ghana Energy Project

Mon, 16 Jan 2017 00:00:00 GMT

Britain's credit export agency, UK Export Finance (UKEF), signs its first direct loan deal in Africa, providing $310 million to GE Oil & Gas to supply equipment for an oil and gas project in Ghana.

ADNOC Shuts Half Capacity At Ruwais Refinery After Fire

Mon, 16 Jan 2017 00:00:00 GMT

Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week.

UK Government Urged to Block Ship-to-Ship Oil Transfers in Moray Firth

Mon, 16 Jan 2017 00:00:00 GMT

Scottish National Party MSP for Caithness, Sutherland and Ross, Gail Ross, has called on the UK government's Maritime and Coastguard Agency to block proposals for ship-to-ship oil transfers in the Moray Firth.

GE to Transform Transocean Rigs for Condition-Based Maintenance

Fri, 13 Jan 2017 00:00:00 GMT

Through a new service agreement, GE will digitally upgrade seven Transocean rigs for conditional-based monitoring and maintenance.

Fugro Nets 5-Year Services Contract with INPEX

Fri, 13 Jan 2017 00:00:00 GMT

Oilfield services company Fugro has been awarded a 5-year contract from INPEX Operations Australia Pty Ltd for subsea services to be executed across the Ichthys facilities in the Timor Sea.

Jesse Norman to Take on Full Energy Brief at UK Energy Department

Fri, 13 Jan 2017 00:00:00 GMT

UK MP Jesse Norman has confirmed through social media site Twitter that he will take on the full energy brief at the UK Department for Business, Energy & Industrial Strategy.

North America's Premier Well Site Automation Summit Returns

Thu, 12 Jan 2017 00:00:00 GMT

The highly anticipated 3rd Annual Well Site Automation 2017 returns to Houston Jan. 24 and 25.

Energean Expects To Spend Up To $1.5B On Israeli Offshore Gas Project

Wed, 11 Jan 2017 00:00:00 GMT

Energean Oil & Gas plans to build its own production system in the eastern Mediterranean at a cost of up to $1.5 billion to tap 2 Israeli offshore gas fields.

India's Petronet LNG Sees Kochi Terminal At 40% Capacity By 2019

Wed, 11 Jan 2017 00:00:00 GMT

India's biggest gas importer Petronet LNG expects its 250 mile pipeline connecting the Kochi LNG terminal in the south to industries further north to be ready in 2 years.

Russia's Novak To Attend Vienna Oil Deal Talks This Month

Wed, 11 Jan 2017 00:00:00 GMT

Russian Energy Minister Alexander Novak will travel to Vienna later this month to take part in talks aimed at monitoring how well a deal to cut oil output is being implemented.

Ghana President Names Former Bankers As Finance, Energy Ministers

Wed, 11 Jan 2017 00:00:00 GMT

Ghana's President Nana Akufo-Addo names the co-founder of investment bank Databank as Finance Minister and a former vice-president of the Bank of New York, Boakye Agyarko, as Energy Minister.

Proserv, SapuraKencana Technology Team-Up for APAC Services

Wed, 11 Jan 2017 00:00:00 GMT

Proserv and SapuraKencana Technology Sdn Bhd are joining forces to provide enhanced technology services to clients in Asia Pacific.

Tullow's Founder Heavey to Step Down as CEO

Wed, 11 Jan 2017 00:00:00 GMT

Tullow Oil plc's chief executive officer and founder, Aidan Heavey, will step down as the company's CEO.

Rosneft Signs Oil Supply Deal With Firm Linked To Qatar And Glencore

Tue, 10 Jan 2017 00:00:00 GMT

Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 million tons of crude in total over a 5-year period.

Gabon Reshuffles Cabinet, Replaces Oil Minister

Tue, 10 Jan 2017 00:00:00 GMT

OPEC-member Gabon has replaced 3 ministers, including the oil minister, the government said in a statement.

ExxonMobil Licenses New Gas Dehydration Technology

Mon, 09 Jan 2017 00:00:00 GMT

ExxonMobil unveils technology it says makes the dehydration of natural gas more efficient.

Total Splashes Out On Uganda Expansion With Tullow Stake Deal

Mon, 09 Jan 2017 00:00:00 GMT

French oil major Total has expanded its stake in Uganda's Lake Albert oil project by snapping up most of Tullow Oil's stake for $900 million.