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Targa will manage the construction of LM4 and will operate the plant. Hess Midstream’s 50% interest in the joint venture will be held through Hess TGP Operations LP, in which Hess Midstream owns a 20% controlling economic interest.
Enbridge applied to the NEB on March 10, 2017 after identifying a potential safety concern related to a shifting slope on the Mackenzie River.
PTTEP’s net profit jumps 60% from recovered oil prices and effective operation and cost management Dividend payment proposed at 4.25 Baht per share.
Blue Water Energy and Blackstone Energy Parters have agreed to lead an initial investment of up to US$1 billion in Mime Petroleum.
Baker Hughes, a GE company, has announced the results for the fourth quarter of 2017 and the total year ended December 31, 2017.
Ecosse Subsea Systems (ESS) signalled its intent to expand in 2018 with the appointment of the company’s first Engineering Manager.
Petrobras has joined the OGCI following a meeting of the group at the World Economic Forum in Davos, Switzerland.
PetroNeft provides an update on oil production at licence 61 in the fourth of 2017.
Genel Energy plc has issued the following trading and operations update in advance of the Company's full-year 2017 results, which are scheduled for release on 22 March 2018.
McDermott International, Inc. announced a large contract award from Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.
Over US$83.1 billion in capital expenditure will be spent over the lifetime of the top 10 onshore oil projects to produce 9.7 billion bbls of crude oil, according to GlobalData, a leading data and analytics company.
Revenues from E&P operations combined with a further reduction in G&A costs, strict discipline on all spending and a rigorous management of receivables have helped the company to deliver another step towards overall profitability.