BP, Total and ConocoPhillips are among the oil and gas companies that felt a boost in profits amid higher oil prices.
BP
Posted inDRILLING & PRODUCTION
Eni’s gigantic Zohr gas field in Egypt hits 2 billion cubic feet per day production
Egypt’s largest gas field was expected to produce only 1 billion cubic feet per day by mid-2018.
Posted inPeople
Neptune makes three senior appointments
Independent global E&P company and active in the North Sea, North Africa and Asia Pacific makes a raft of appointments.
Posted inExploration
BP acquires unconventional assets from BHP in $10.5bn deal
Big ticket deal adds 190,000 barrels of oil equivalent (boe) per day production and 4.6bn boe discovered resources.
Posted inProducts & Services
Combined SNC-Lavalin, Atkins wins contract from BP global wells organisation
The framework covers four main scopes of work – marine riser and wellhead systems analysis, analysis for wellhead fatigue monitoring, completion landing string analysis, and open water work-over riser analysis.
Posted inDRILLING & PRODUCTION
Mubadala completes acquisition of 10% stake from Italy’s Eni in Shorouk concession in Egypt
The Zohr field was discovered by Eni in August 2015 and is the largest natural gas field ever found in the Mediterranean, with a total potential of up to 30 trillion cubic feet of gas in place.
Posted inDRILLING & PRODUCTION
Oil industry stands on threshold of historic step-change in demand, says ADNOC CEO
Speaking at the 7th OPEC International Seminar, in Vienna, Dr Al Jaber said demand for oil and its derivative products is growing and the future of the oil and gas industry is bright due to robust global economic growth.
Posted inEvents
Pope Francis to address oil majors in Vatican climate conference
Organised by the University of Notre Dame in the United States, the conference is expected to be attended by the heads, or senior executives of companies, including ExxonMobil, Eni, BP, Royal Dutch Shell and Pemex.
Posted inExploration
Oman Oil weighs up selling Khazzan stake
The shareholding potentially available for sale could be worth around $1bn.
Posted inProducts & Services
BP awards Vroon Offshore Services multi-ship contract
Firm based in the Netherlands lands deal with British supermajor to provide emergency response and rescue vessels.