Saudi Arabian Energy Minister Khalid al-Falih says he believes the oil market would balance itself in 2017, even if producers did not intervene.
Source: Offshore
Saudi Energy Minister: Oil Market Would Balance Even Without Output Cuts
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The Federal Executive Council (FEC) has approved the bilateral agreement for the avoidance of double taxation and prevention of physical evasion of taxes and on income and capital benefits between Nigeria and Singapore
Source: African Review
Nigeria and Singapore sign bilateral agreement
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GE’s Steam Power Systems has won the Global IPMA Project Excellence Gold Award for its work at South Africa’s Medupi power plant
Source: African Review
GE's Steam Power System win gold
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Total, the Ivorian state oil company and 4 other partners have formally established a consortium to build a liquid natural gas (LNG) import terminal meant to feed the country’s growing electricity consumption.
Source: Offshore
Consortium Led By French Group Total Wins Ivory Coast LNG Deal
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Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend scheduled talks in Vienna on Monday with non-OPEC oil producers.
Source: Offshore
Saudi Arabia Tells OPEC It Won't Attend Non-OPEC Talks On Monday
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A fire alarm has been triggered at the Statoil Heimdal platform in the North Sea, according to Norwegian daily newspaper Stavanger Aftenblad.
Source: Offshore
Report: Fire Alarm Triggered at Statoil's Heimdal Platform
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Mikhail Gutseriyev, a co-owner of the Russian mid-sized oil company Russneft, said in a statement that the demand during the company’s initial public offering (IPO) has exceeded offer by more than 30%.
Source: Offshore
Russneft IPO Demand Exceeds Offer By Over 30%
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Eni has agreed to sell a 10% stake in the Shorouk concession offshore Egypt to BP, the Italian oil and gas group said in a statement on Friday.
Source: Offshore
Eni Agrees To Sell 10% Stake In Egypt Concession To BP
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Ithaca Energy Inc. expects the production start-up of the Stella field, located in the central North Sea, to commence in January 2017 after a program of necessary repairs was identified.
Source: Offshore
Ithaca Energy Expects Stella Production to Commence January
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Caterpillar OEM Solutions is extending its large machine product assortment with the launch of the Cat Frontless Hydraulic Shovels to serve heavy-duty industry projects
Source: African Review
Caterpillar adds frontless hydraulic shovels to machine line-up
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