Marathon Oil Corp on Wednesday said it would cut its 2015 capital budget by another 20 percent to $3.5 billion, and reported that fourth-quarter profit rose, on a gain related to the sale of oil and gas properties in Angola and Norway.
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Iraq-based Basrah Gas Company (BGC) has awarded UnaE&C Iraq, an engineering and construction subsidiary of Unaoil Group, a contract for the rehabilitation of West Qurna compressor stations CS7 and CS8 at West Qurna, Iraq.
State-run Qatargas is in the final stages of talks on a deal to supply Pakistan with 3 million tonnes of liquefied natural gas annually for 15 years, industry sources in Doha told Reuters on Wednesday.
Opec heavyweight Saudi Arabia's crude oil exports dropped in December by 362,000 b/d to 6.934 million b/d from 7.296 million b/d in the previous month, official data showed on Wednesday.
Iran’s Ayatollah Ali Khamenei warned that the OPEC member will stop exporting oil and natural gas if international sanctions against it stay in place, the official IRNA news agency reported, citing a speech he made in Tehran.
The Russian firm leads the consortium that has been chosen to build and operate Uganda’s USD 2.5 billion Hoima oil refinery project, according to the African nation’s oil ministry yesterday.
Abu Dhabi-based green energy firm Masdar has opened three solar photovoltaic micro grid plants in the Pacific island nation of Fiji that will help brings clean energy to some of the outer islands.
Halliburton and Baker Hughes have issued a joint proxy statement/prospectus relating to the merger of Baker Hughes into a wholly owned subsidiary of Halliburton.