Yinson Production has entered into a definitive agreement with a consortium of global investment firms to raise pre-IPO growth capital of $1 billion to support further growth.The $1 billion pre-IPO consists of redeemable convertible preferred shares and 10% warrants, with the option to upsize to $1.5 billion within 24 months.
PC North Madura II, a subsidiary of Malaysia’s state-owned oil firm Petronas, has reached the Final Investment Decision (FID) for the development of the Hidayah field, located offshore Indonesia.
Abu Dhabi-based integrated energy and marine services, engineering, procurement, and construction (EPC) firm NMDC Group has secured a major contract from Taiwan Power Company (Taipower) to design
Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract
U.S. oil firm Murphy Oil Corporation has made an oil discovery at the Hai Su Vang-1X exploration well in the Cuu Long Basin, offshore Vietnam.
India's top explorer Oil and Natural Gas Corp ONGC on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field
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