Weatherford International plc (NYSE: WFT) closed the sale of the Company's land drilling and workover operations in Russia and Venezuela to Rosneft on July 31, 2014. The consideration was $500 million in cash.
Petrofac, the international oil & gas facilities service provider, has secured a contract with the BP-operated prestigious Shah Deniz 2 project to provide their maintenance build capabilities.
Russian billionaire Gennady Timchenko, who fell under the U.S. personalized sanctions in March and whose companies - including independent gas producer Novatek - were placed on U.S.
Australia's Roc Oil Co Ltd on Monday accepted a A$474 million ($441 million) takeover offer from Chinese conglomerate Fosun International Ltd , saying it was better than its plan to merge with Horizon Oil Ltd.
Platts, a leading global provider of energy, petrochemicals and commodities information and a top publisher of benchmark price references, today launched two daily price assessments aimed at bringing greater clarity to the fuel oil barge and bunker markets.
Chevron Corporation (NYSE: CVX) today reported earnings of $5.7 billion ($2.98 per share – diluted) for second quarter 2014, compared with $5.4 billion ($2.77 per share – diluted) in the 2013 second quarter.
Foreign minister Radoslaw Sikorski has claimed that Poland would not be left high and dry if Russia issues counter-sanctions in the energy sector.
LUKOIL and Austria’s AMIC have reached an agreement in principle to sell 100% of LUKOIL-Ukraine CFI which owns around 240 filling stations and 6 petroleum tank farms in Ukraine.
Austrian energy concern OMV has assured restrictive EU measures against Russia will not put a wheel on the South Stream gas pipeline project.
The fire that has engulfed the fuel tanks near Libya’s Tripoli airport is spreading and according to officials there is a risk of a humanitarian and environmental disaster. One fuel tank caught fire during a battle between rival militias near the airport.