Monday, May 22, 2017

Total sells interests in mature Gabon fields for $350 million

France's Total has sold a Gabon focused affiliate and several mature fields in Gabon for $350 million. Total said on Monday that it signed an...

Petrobras approves settlements with four U.S. investors

Brazil's Petrobras has approved settlements with four U.S. investors related to an ongoing corruption investigation. The state-owned company said on Monday that its board of directors...

Wood Group PSN fined $9.5 million for Gulf of Mexico violations

The U.S. Department of Justice (DOJ) has fined Wood Group PSN over $9 million for violations related to a 2012 offshore accident. The DOJ said...

Scottish minister ‘inundated’ with oil worker discrimination claims

A member of the Scottish Parliament said she has seen a spike in the number hiring discrimination claims made by former energy workers. Aberdeenshire East...

Somalia president taps oil exec for prime minister post

Somalia's president has appointed an executive from UK-based Soma Oil and Gas to serve as the country's new prime minster. According to Reuters, newly elected...

Isreal: Noble Energy goes ahead with Leviathan offshore project

Noble Energy said Thursday it has authorized the first phase of the Leviathan natural gas project. The company is currently targeting the end of 2019 for...

Report: Non-OPEC production compliance at 60 percent

Non-OPEC producers have reportedly achieved at least a 60 percent compliance rate with planned production cuts. OPEC sources told Reuters that 11 non-OPEC producers who...

Oil tanker sold on China’s eBay for $12 million

A Chinese court successfully auctioned an oil tanker through an online site following a legal dispute. The Guangzhou Maritime Court told Xinhua that a Singapore-flagged vessel known as...