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Petrofac supports Greater Buchan development

An international oil and gas industry, Petrofac has been awarded a contract to support the concept appraisal and selection phase of Jersey Oil and Gas (JOG) Greater Area Development in the North Sea.

Experts encourage Investing in Offshore Driller

There has been multiple good signs that the global offshore drilling market is growing past its bad days but investors are still skeptical about buying narratives that offshore investor rig provides.

Global oil stocks can cover Saudi Arabian supply gap

Russian Energy Minister, Alexander Novak, on Monday, told reporters that the Global commercial oil inventories will cover the deficit in the oil market because of the attacks on major oil infrastructure in Saudi Arabia.

Solo Oil declares exit on Burj investment

A sale and purchase agreement has been signed by Solo Oil to exit its 20% investment in Burj Petroleum Africa, a company that had applied for various undeveloped fields in the 2014 Nigerian Marginal Fields Bid Round.

Snam set sight on US pipeline Assets

According to sources, Europe’s powerful gas pipeline operator, Italy-based Snam intends to lay a bid for a piece of Energy Transfer Partner’s $6 billion natural gas pipeline.

Mexico set to go ahead with oil Hedge

Exclusive Reuters sources revealed yesterday that right after the queries raised about Mexico’s multi-billion-dollar restrained oil hedge surfaced last month, the state is now going ahead with the hedging program.

Sonadrill secures Nine-well contract in Angola

Sonadrill has secured a nine-well contract with six options in Angola for the new-build Libongos drillship. The total contract, which is estimated to be valued at $101 million, is expected to start on September 23, 2019, and ends on January 30, 2021. The Libongos is the first of two Sonangol-owned drillships to be bareboat chartered into…
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