Oil and gas services firm Wood has secured a contract renewal for the provision of engineering, procurement, and construction (EPC) solutions and maintenance to the Hibernia platform off the coast of St. John’s, Newfoundland, and Labrador.
UK oil and gas company EnQuest has said it has signed a new senior secured borrowing base debt facility of around $600 million and an additional amount of $150 million for letters of credit for up to seven years.
Norway, Western Europe’s biggest oil producing nation, plans to expand its green energy industry and strengthen its power grid, but isn’t willing to budge when it comes to exploiting its oil and gas resource
Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the 2015 nuclear deal, the official Shana news agency reported, quoting an official at the National Iranian Oil Co.
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