Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.Saudi Arabia's state oil giant priced its initial public offering at 32 riyals ($8.53) per share on Thursday, raising $25…
National Oilwell Varco, a provider of equipment and components used in oil and gas drilling and production, announced new contract award for submerged turret production (STP) system.APL, part of NOV's Completion & Production Solutions segment…
Worley subsidiary INTECSEA has been awarded a project management consultancy (PMC) contract by Reliance Industries Ltd (RIL) for the MJ Field deepwater gas and condensate project offshore India.Under the contract, INTECSEA will provide PMC services…
APL, a business unit within NOV's Completion & Production Solutions segment, has secured the contract from South Korean builder Samsung Heavy Industries to supply a large submerged turret production (STP) system for a newbuild floating production…
McDermott International said it was able to mitigate impact of two cyclones en route to completing the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India…
TechnipFMC announced on Monday it has been awarded 'significant' subsea contracts from India's Reliance Industries to build and install flexible risers, rigid and flexible flowlines and umbilicals for the the MJ1 field located offshore India in the deepwater Krishna Godavari basin…
Oil companies Reliance Industries Ltd (RIL) and BP announced on Tuesday they will jointly develop the deepwater MJ project offshore the east coast of India.MJ (also known as D55) is the third of three new gas projects in the Block KG D6 integrated development plan…
The oil and gas company Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has paid to extend an option it has for the long-term charter of Ocean Yield’s FPSO Dhirubhai-1.A press release said that on the 12th of February 2019…
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit on the condition that the client receives approval from its partner and government…
Samsung Heavy Industries said on Wednesday that Petrobras America filed a lawsuit against the South Korean shipbuilder with a U.S. court, claiming 283 billion won ($249.32 million) in damages.Petrobras America claimed that it paid excessive charter fees for a drill ship built by Samsung Heavy…
Bulgaria has given permission to Royal Dutch Shell to transfer 20 percent of the rights to explore a block off its Black Sea coastline for gas and oil to Spain's Repsol, the government said on Wednesday.In December, Shell was allowed to transfer…
Ocean Yield announced Tuesday that it has entered into an agreement with Aker Energy for the option to bareboat charter the floating production, storage and offloading unit (FPSO) Dhirubhai-1 for a period of 15 years. If the option is exercised…
U.S. offshore drilling contractor Rowan announced on Wednesday that its charter contract with Fieldwood Energy for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options…
Offshore drilling contractor Rowan Companies plc announced Monday that its drillship Rowan Reliance has been awarded a contract in the U.S. Gulf of Mexico by Fieldwood Energy LLC.The contract is for a firm term of one year plus three 90-day options…
India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline in output for months.The closure marks the beginning of the…
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