Petsec Energy has acquired production licence for the Damis S-1 block, onshore Yemen. The licence comprises five sizeable oil and gas discoveries.
New Wood Mackenzie report says crudes from Iraq, West Africa and Russia putting downward pressure on pricing for shipments to Asia.
2015 expected to see large number of M&A deals particularly in upstream sector with trend set to continue.
Al Masaood Oil Industry Supplies & Services Company and Canadian Drilling School sign deal to provide drilling training courses in Abu Dhabi.
"Year-on-year international growth outpaced rig count, led by the Middle East and Asia Area": Schlumberger CEO, Paal Kibsgaard.
The US Energy Information Administration (EIA) has released a new report providing a first estimate of technically recoverable shale oil and gas worldwide showing an increased projection of shale gas reserves.
Chengdu facility to support expanding exploration activity in unconventional shale plays in China.
Diversified project portfolio in Middle East helps bring in US$2.7 billion for oilfield services giant.
Canadian construction firm to build greenfield gas compression plant 40 km north of capital Bogota to help meet peak natural gas demand.
OMV to acquire a 40 per cent stake in the Grand Prix block from Niko Resources of Canada.
US$35 million deal will see UK firm establish a new onshore support facility in Luanda.
Strong 2012 acquisition performance to continue to pay dividends for group across Eagle Ford, Marcellus, Utica and Bakken shale plays.
New collaboration will to expand Shell Cansolv global footprint for carbon capture and sequestration technology.
Joint venture is expected to reap companies US$1 billion in annual revenue.
Event follows company's recent successful start-up of Norwegian offshore field and oil sands projects in Canada.