Category: Oil and Gas
Faroe Petroleum, the UK based O&G firm, has recently concluded a deal to exchange Norwegian O&Gassets with Equinor. The agreement is being viewed as a move that will allow the company to return cash to its shareholders during a time when its is facing a …
The London headquartered offshore driller Ensco is planning on expanding its fleet by acquiring smaller rival Rowan Companies plc, in an all-stock deal valued at $2.38 billion as it aims to benefit from a partnership with Saudi Aramco. According to reliable sources, for each share …
L&T Hydrocarbon Engineering, a Larsen & Toubro subsidiary, in association with McDermott International, Inc. and Baker Hughes, a GE company, has won the subsea contract for Indian multinational Oil and Natural Gas Corporation’s (ONGC) biggest deepwater oil & gas project. The contract has been awarded …
The multinational oil and gas giant Exxon Mobil Corporation has reportedly announced that it is considering a multi-billion-dollar investment at its largest refinery in Singapore. As per trusted sources, the expansion comes ahead of the new global shipping fuel regulations that would commence in 2020. …
Petoperu, a Peru-based state-owned energy company, in its recent announcement has unveiled that it is considering to take a bare minimum of 40% stake in the largest oil field in Peru. In a bid to exploit the Block 192, located in the Amazon, Petroperu’s president …