Amec Foster Wheeler has won a contract from Sonatrach, the largest oil and gas company in Africa, to supply engineering services for the de-bottlenecking of Hassi R’Mel gas field, located approximately 550 km south of Algiers, Algeria.

Hibiscus Petroleum will have to wait some more to begin drilling operation at its Sea Lion-1 well, offshore Australia, according to a partner in the block.

China's growing ability to buy and sell millions of barrels of crude oil on the Asian physical market in a matter of minutes through its main trading firms has given China so much clout that other traders are often forced to follow its agreed prices.

San Francisco-based Bechtel won a contract last week from Delfin LNG to perform front-end engineering and design for the first U.

North America’s leading independent oil and gas producers reported large losses in the second quarter despite cutting costs and increasing output.

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Iona Energy is a Canadian-listed company based in Scotland and focused on the UK North Sea, where it has five core assets.

The global oil glut will last through next year as surging demand and faltering supply growth fail to clear the surplus, according to the International Energy Agency.

Deep Sea Supply, the Oslo Børs-listed supplier of offshore support vessels, painted a bleak picture when it comes to the sector’s outlook, but it also hinted it was looking around for potential acquisitions.

Harkand has successfully completed the US$10.