Market Report

Shell EP Middle East Holdings B.V. has agreed to sell the entire share capital of Shell Iraq B.V (SIBV), which holds its 19.6% stake in the West Qurna 1 oil field, for $406 million, to…
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ExxonMobil outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. “We’ve got the best portfolio of…
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The completion of the transaction is subject to the fulfillment of certain standard conditions, including all necessary authorizations from Egypt’s authorities. The Zohr super-giant…
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Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources,…
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Subsea 7 announced that it has signed an agreement to acquire Siem Offshore Contractors GmbH and two vessels, subject to competition clearance in Germany. The acquisition will include…
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Cheniere Energy and GAIL (India) Limited marked the commencement of their 20-year Sale and Purchase Agreement to supply U.S.-sourced liquefied natural gas to India from Cheniere’s…
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The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017,…
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Westwood Global Energy Group (Westwood), an energy research, analysis and consulting specialist for exploration and oilfield services markets, announced that it has acquired RigLogix…
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The technology group Wärtsilä and the global drilling contractor Maersk Drilling have joined forces in a unique co-operation to create a 25-year thruster maintenance strategy for…
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Chevron Corporation named Bruce Niemeyer corporate vice president of Strategic Planning, effective immediately. Niemeyer is currently vice president of Chevron’s Mid-Continent Business…
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