MMT announced the achievement of high scores on the Achilles FPAL Verify audit.The Achilles FPAL community serves the procurement needs of the wider European oil & gas market. FPAL Verify is a supplier assessment that involves a two day visit to a nominated suppliers’ premises to audit Quality…
Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan.Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international experience from the oil and gas industry…
Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the company said on Friday in a filing with the Mexican stock exchange.Pemex said its quarterly loss totaled 59…
Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up maintenance work, a preliminary program showed on Friday. Russian November Urals oil exports from the Baltic Sea port of Primorsk are seen down to 3…
GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5…
Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”) on terms consistent with the merger implementation agreement entered into on March 12…
Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd. for the PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor…
The Gazprom Board of Directors took note of the information on the Company's financial strategy under the conditions of negative trends in the global financial market for the Russian business entities.It was pointed out that the geopolitical…
A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted, the agency's top administrator said Thursday. Domestic gasoline prices are set in the global market…
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London.Third IMO GHG Study 2014 approved The MEPC approved the…
SpeedCast International Limited (SpeedCast) announced that Keith Johnson has joined SpeedCast as senior vice president / GM in charge of Energy services globally. In this role, Johnson will oversee all of SpeedCast’s business activities for the Energy sector (Oil and Gas in particular)…
* TGS Q3 operating profit $71 mln vs forecast $75 mln* PGS Q3 EBITDA $182 mln vs about $180 mln in Oct.15 warning (Adds PGS, detail) Norwegian seismic surveyors TGS and PGS said on Thursday that demand from oil companies had deteriorated…
Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price.'Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the Bunge acquisition in Brazil…
Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy, the international energy provider.“At Nordic Maritime…
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and construction (EPC) contract by ExxonMobil Petroleum & Chemical BVBA (“Esso”) for the Antwerp…
