Valeura Energy has started offshore installation work at its Wassana oil field redevelopment project in the Gulf of Thailand, marking a milestone in the development of a new central processing platform (CPP).The company confirmed the start of offshore installation in an October 9 update, following the early completion of onshore construction of the CPP earlier in the month.
KBR has been awarded a contract by Saudi Aramco to provide engineering and project execution services for upgrades to offshore facilities at the Marjan oil and gas field in the Arabian Gulf.
Oil prices settled lower on Wednesday following a choppy session after the International Energy Agency agreed to speed up a release of oil stocks and prioritize diesel in a bid to curb record-high
Yinson Production has priced $1.458 billion of senior secured notes to refinance debt linked to its Agogo floating production, storage and offloading (FPSO) unit operating offshore Angola
Oil prices climbed on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against
Shipping bottlenecks, deep cuts in refinery output and inventory draws that could take years to replace will keep global oil prices high beyond this year
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