Petrofac secures Iraq contract extension with Basra Oil Company
From WorldOil.com LONDON – Petrofac’s Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra
Read more
Oil Deals
U.S. projects falling rig counts, crude production through 2021
From WorldOil.com Source: U.S. Energy Information Administration WASHINGTON – The U.S. Energy Information Administration expects U.S. crude oil production to
Read more
Oil demand is beginning a slow, and fragile, recovery worldwide
From WorldOil.com LONDON (Bloomberg) –Few have a better watchtower over oil demand than Joe Gorder, chief executive officer of major
Read more
API: Total U.S. petroleum demand in July highest since 2005
Culled from WorldOil.com WASHINGTON – Total U.S. petroleum demand averaged 20.8 MMbpd in July 2019, which represented a 0.9% year-over-year
Read more
GulfSlope Energy launches shallow prospect program in the Gulf of Mexico
Reposted from WorldOil.com HOUSTON — GulfSlope has announced the execution of a letter of intent with a privately held oil
Read more
Chinese energy companies push to acquire assets in Equatorial Guinea
Reposted from Worldoil.com JOHANNESBURG — Equatorial Guinea Ronda has received great interest from public and private Chinese companies to invest
Read more
Equinor awards sand screen services contracts worth NOK 1 billion
By WorldOil.com STAVANGER — Equinor has signed three-year contracts with Tendeka AS and Baker Hughes Norge AS for providing sand
Read more
Africa Oil, JV partners sign on for first-ever oil development in Kenya
Reposted from WorldOil.com VANCOUVER — Africa Oil Corp. has announced that Heads of Terms agreements with the Government of Kenya
Read more
Exxon Mobil ready for Norwegian exit
From WorldOil.com LONDON, HOUSTON and SINGAPORE — Speaking after reports that ExxonMobil is preparing to put its Norwegian upstream portfolio
Read more
Maersk Drilling completes sale of jackup Mærsk Giant
From WorldOil.com COPENHAGEN — Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Mærsk Giant) to the
Read more