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November 10, 2016 Announcing $3 billion share repurchase program; Initiating $5 to $8 billion asset divestiture program; and Providing 2017 operating plan guidance, including expected capital expenditures of $5 billion. ConocoPhillips (NYSE: COP) will hold an Analyst and Investor Meeting today to outline the company’s strategy and discuss several planned

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9 November 2016 TEHRAN (NIOC) _ Iran is hoping to secure more overseas investment after a consortium led by France’s Total on Tuesday signed a $4.8bn deal to develop part of the giant South Pars gasfield, Irans deputy oil minister for international affairs said. Speaking to the Financial Times, Amir

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The Abu Dhabi National Oil Company (ADNOC) has entered into an agreement with Schlumberger, a world leader in drilling technology, to license ADNOC’s proprietary offshore drilling technology for use in Schlumberger’s portfolio of drilling services. The Stabilising System for Deep Drilling (SSDD) technology greatly improves offshore drilling operations by improving

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Wärtsilä has signed a Memorandum of Understanding (MoU) with the French multinational energy company ENGIE, to develop solutions and services within the small scale LNG business sector. The cooperation covers four work streams: LNG for ships, LNG distribution in islands and remote areas, LNG to Power solutions, and small scale

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The 2016 OPEC World Oil Outlook (WOO) was today launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016 in the United Arab Emirates (UAE). This year is the tenth edition of the WOO, a significant milestone for OPEC’s flagship publication, which offers a thorough review and assessment

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Chevron North Sea Limited today announced it has started production at Alder, a high-pressure, high-temperature (HPHT) gas condensate field in the Central North Sea. “First gas at Alder represents a significant milestone for Chevron and highlights our commitment to investing and developing resources in the U.K.,” said Greta Lydecker, managing

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November 8, 2016 ADNOC, in partnership with Occidental Petroleum, announced today, its intention to expand its Al Hosn facility, which will increase sour gas processing by 50 per cent of existing capacity. The plant could become operational within the life span of ADNOC’s new five-year business plan – part of

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Statoil is today, on behalf of the Trestakk license holders, awarding an EPCI contract to FMC Technologies and Technip Norge, and a topside contract to Aker Solutions, for deliveries to the Trestakk development. FMC Technologies and Technip will jointly deliver an EPCI contract (engineering, procurement, construction and installation) – subsea,

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Saudi Aramco CEO Amin H. Nasser joins fellow CEOs of major oil and gas companies as part of Oil and Gas Climate Initiative, OGCI, in London, on November 4, 2016. The Oil and Gas Climate Initiative (OGCI) has announced a $1 billion investment over the next ten years, with each

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Van Oord has been awarded two contracts by international contractor Subsea 7. The assignments include the construction of a landfall and the execution of subsea rock installation works in Egypt. The projects are part of the West Nile Delta project, which comprises the development of a series of gas fields,

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