Höegh Esperanza, the Floating Storage Regasification Unit unit operated by Norway’s Höegh LNG Holdings, has arrived at the Tianjin LNG terminal in China and started commissioning for FSRU operations.
Oil and gas industry company TechnipFMC has signed a major EPC contract by Middle East Oil Refinery for the modernization and expansion of their existing complex near Alexandria, Egypt.
Partners Exxon Mobil, Hess Corp. and CNOOC Nexen Petroleum are making progress toward development of the hydrocarbon bounty discovered offshore Guyana.
The world’s biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.
Saudi Aramco has signed 15 memoranda of understanding (MoUs) and strategic/commercial collaborations with 15 international companies from eight different countries.
Subsea engineering firm TechnipFMC has been awarded a contract to engineer, manufacture and deliver the subsea equipment for ExxonMobil's proposed Liza Phase 2 project offshore Guyana.
Italian oil major Eni and French energy major Total signed an agreement with Algeria’s state-owned oil company Sonatrach, for offshore exploration in the North African country.
The Turkish drillship Fatih is set to begin its first drilling campaign in the Eastern Mediterranean, a move that is likely to increase tensions between Greece, Turkey and Cyprus over offshore rights.
The semisubmersible Songa Enabler has completed the Skruis exploration wellin license PL532, 8 km (5 mi) north of the Johan Castberg oil field in the Barents Sea.
Wood Mackenzie forecasts that global oil and gas development spend needs to increase by around 20 percent to meet future demand growth and ensure companies sustain production next decade.
