Production in the South West Meleiha licence started in 2019. Credit: James Armbruster from Pixabay. Italian exploration and production firm Eni has made an oil discovery at a new well in the South ...

Shell EP Middle East Holdings has signed an agreement to sell Shell Iraq’s (SIBV) entire stake in the West Qurna 1 oil field for $406m to a subsidiary of Japanese firm Itochu. The divestment comprises ...

Liquefied Natural Gas subsidiary Magnolia LNG has awarded a $4.35bn worth engineering, procurement and construction contract (EPC Contract) to the KBR-SKE&C joint venture (KSJV) for the Magnolia LNG ...

Rosneft’s board has approved a five-year strategy that aims to bring qualitative changes to its business through the introduction of new technologies and increased returns of existing assets. The ...

Kinder Morgan Canada (KML) has decided to cease all non-essential activities and spending on the C$7.4bn ($5.8bn) Trans Mountain expansion project in the wake of opposition from various authorities, ...

Marathon Gas Station in Long Grove, IL. Credit: Bill Crittenden. American petroleum refining and marketing firm Marathon Petroleum (MPC) has signed an agreement to sell its gas stations to the owners ...

Independent exploration and production firm Devon Energy has signed a $553m agreement to sell the southern portion of the Barnett Shale in the US. Located in Johnson County, the assets currently have ...

Europa Oil and Gas has announced that its fully owned subsidiary has signed an agreement with Upland Resources to sell 10% interest of PEDL180 and PEDL182 licences in North Lincolnshire. The licences ...

Noble Energy has signed a definitive agreement to acquire Clayton Williams Energy by purchasing all of the outstanding common stock for $2.7bn in a cash and stock deal. The boards of directors of both ...

Drone-based industrial inspection service provider Sky-Futures has been awarded a three-year contract by oil and gas company Eni to inspect all its facilities worldwide using drones. Sky-Futures ...

Cenovus Energy is scaling down production at its oil sands facilities due to light-heavy price differentials and pipeline capacity constraints. The company is also storing excess barrels in its ...

Dutch advanced completions and production optimisation provider Tendeka has secured a contract from the Kuwait Oil Company (KOC). Under the contract, Tendeka will supply its Inflow Control Device (ICD ...