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

Copyright: Copyright 2018 Inc. All rights reserved.

Digitization at Work: GE and Noble Launch Digital Rig

Thu, 22 Feb 2018 00:00:00 GMT

GE and Noble launch the world's first digital drilling vessel, which will detect potential failures 2 months before they occur and reduce OPEX by as much as 20%.

Fugro Sees Revenue Stabilising In 2018 As Oil And Gas Market Steadies

Thu, 22 Feb 2018 00:00:00 GMT

Dutch deep-sea energy prospector Fugro expects revenue to stabilise in 2018 as a result of the steadying oil and gas market.

Spain's Repsol Agrees To Sell Gas Natural Stake To CVC

Thu, 22 Feb 2018 00:00:00 GMT

Repsol agrees to sell its 20% stake in Gas Natural to CVC Capital Partners for $4.69 billion, a move that could allow the oil major to restart investment after years of debt reduction.

Ongoing Equitization of Major State-Owned Enterprises Positive for Vietnam

Thu, 22 Feb 2018 00:00:00 GMT

The ongoing equitization of major state-owned enterprises will be positive for Vietnam, opening the door to more foreign investment and competition needed to reinvigorate the domestic oil and gas industry.

Oil Producer EQT Corp To Spin Off Midstream Operations

Wed, 21 Feb 2018 00:00:00 GMT

Oil and gas producer EQT Corp will separate its upstream and midstream businesses, finally giving in to months of investor pressure.

Austrian Oil And Gas Firm OMV Plans To Grow Via Takeovers -CEO

Wed, 21 Feb 2018 00:00:00 GMT

Austrian oil and gas company OMV aims to grow its business with acquisitions in 2018 and increase its earnings by further cutting costs.

Sparrows Group Secures Five Year Contracts with TAQA

Wed, 21 Feb 2018 00:00:00 GMT

Sparrows Group secures 2 five-year contracts with TAQA to deliver crane operations, maintenance, rigging loft and fixed lifting inspection services to its UK Continental Shelf assets.

Concho Resources Tops Profit Estimates

Tue, 20 Feb 2018 00:00:00 GMT

Concho Resources posts a better-than-expected quarterly profit, helped by higher crude prices.

OGTC Launches Events to Inspire Culture of Innovation in Scotland

Mon, 19 Feb 2018 00:00:00 GMT

The Oil & Gas Technology Centre launches a series of weekly events to help inspire a culture of innovation in the North-East of Scotland.

Bravo Target Safety to Create up to 500 Jobs in Coming Months

Fri, 16 Feb 2018 00:00:00 GMT

Bravo Target Safety says it will be creating up to 500 employment opportunities in the coming months.

Neptune Energy Completes Engie E&P International Transaction

Fri, 16 Feb 2018 00:00:00 GMT

Neptune Energy Group completes the acquisition of Engie E&P International SA.

Eni Holds Out Promise Of Richer Returns As Profits Soar

Fri, 16 Feb 2018 00:00:00 GMT

Eni says it could create 'substantial surplus value' for shareholders in the future after 4Q profits more than double and beat forecasts.

UK's Tullow Oil Names New Head Of Ghana Operations

Thu, 15 Feb 2018 00:00:00 GMT

Tullow Oil names new lead for its Ghana operations.

Enbridge To Double Asset Sales, Targets About C$8B, Sources Say

Thu, 15 Feb 2018 00:00:00 GMT

Enbridge plans to accelerate its divestment program by selling assets.

Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts

Wed, 14 Feb 2018 00:00:00 GMT

Marathon Oil Corp posts a better-than-expected adjusted quarterly profit.

Filing: Vallourec Drilling Products Cuts About 150 Jobs In Texas

Tue, 13 Feb 2018 00:00:00 GMT

Vallourec Drilling Products will lay off roughly 150 employees in Texas, according to a regulatory filing.

Occidental Petroleum Profit Matches Street Forecast; Shares Slip

Tue, 13 Feb 2018 00:00:00 GMT

Occidental Petroleum Corp posted a quarterly profit that met - but did not exceed - Wall Street's expectations.

Malaysia Renews Petronas CEO's Contract For Another Three Years

Tue, 13 Feb 2018 00:00:00 GMT

The Malaysian prime minister's office re-appoints Wan Zulkiflee Wan Ariffin as the chief executive officer of state energy firm Petroliam Nasional Bhd, or Petronas, for a second 3-year term.

Services Firm Kvaerner to Invest Millions in New Norwegian Quay

Tue, 13 Feb 2018 00:00:00 GMT

Services firm Kvaerner plans to invest $46.8 million in a new quay at its facility at Stord in Norway.

Cluff Natural Resources Chairman to Step Down from CEO Role

Mon, 12 Feb 2018 00:00:00 GMT

Cluff Natural Resources chairman and CEO, Algy Cluff, will step down as CEO.