Keppel Corp is in talks to support KrisEnergy by increasing its stake in the company to nearly 70%, following the company’s proposed financial restructuring.
GE and Baker Hughes announced a merger to create a world-leading oil field technology provider with “a unique mix of service and equipment capabilities”.
Royal Dutch Shell is reportedly selling a total of 16 assets worth more than US$500 million (£407.26 million) each, media sources reported.
Suncor Energy UK Limited announced today it has signed a purchase agreement to formalise the purchase of a 30% participating interesting in the Rosebank project from OMV (U.K.) Limited.
Abu Dhabi National Oil Co. (ADNOC) announced on Tuesday its plans to consolidate the operations of two of its offshore oil companies into a new entity.
The UK-based Premier Oil announced it will resign as the operator of the Bagpuss joint venture (JV) by the end of this year.
Malaysian offshore contractor TH Heavy Engineering Berhad (THHE) and US-based McDermott have entered a framework agreement to terminate four joint venture (JV) firms by mutual agreement.