Mitsubishi Heavy Industries (MHI) has formed a specialised oil and gas unit within its Texas-based subsidiary Mitsubishi Heavy Industries America (MHIA). The newly formed division will help to manage ...

Irving Oil has announced its plans to downsize 6% of its global workforce, citing Covid-19 crisis. Credit: skeeze from Pixabay. Sign up here for GlobalData's free bi-weekly Covid-19 report on the ...

Petrobras said in a press statement: “Comparing the value of this operation with the value of 90% of TAG sale in June 2019, it is necessary to consider that TAG’s debt increased from R$2bn to R$23bn, ...

Production in the South West Meleiha licence started in 2019. Credit: James Armbruster from Pixabay. Italian exploration and production firm Eni has made an oil discovery at a new well in the South ...

Shell EP Middle East Holdings has signed an agreement to sell Shell Iraq’s (SIBV) entire stake in the West Qurna 1 oil field for $406m to a subsidiary of Japanese firm Itochu. The divestment comprises ...

Gasum has opened Kronoberg County’s first filling station for liquefied gas in Ljungby, Sweden. Credit: Gasum Oy. Finnish state-owned gas company Gasum has opened a filling station for liquefied ...

BP Energy unit has agreed to pay $102m to settle a lawsuit for overcharging the US state of California for natural gas purchased between 2003 and 2012. This settlement includes substantial penalties.

Liquefied Natural Gas subsidiary Magnolia LNG has awarded a $4.35bn worth engineering, procurement and construction contract (EPC Contract) to the KBR-SKE&C joint venture (KSJV) for the Magnolia LNG ...

Picture of Ensign Rig 964 on location. Credit: Real Energy Corporation Limited. Oil and gas exploration company Real Energy has encountered gas pays in the Tamarama-3 well at its Windorah gas project ...

Russian energy producer Rosneft is looking to relocate its $15bn liquefied natural gas (LNG) project away from the Pacific Ocean island of Sakhalin after facing continuous delays. The decision might ...

In the next five to ten years, global leaders in shale, mostly consisting of those with acreage in the key US geographies, will continue to drive investment and production growth at scale tilting the ...

Marathon Gas Station in Long Grove, IL. Credit: Bill Crittenden. American petroleum refining and marketing firm Marathon Petroleum (MPC) has signed an agreement to sell its gas stations to the owners ...