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      Baker Hughes and GE Oil & Gas Complete Combination, Creating the World’s First and Only Fullstream Oil and Gas Company

      America
      Baker Hughes, a GE company announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is...

      CNOOC receives first crude oil from Saudi Aramco for Huizhou refinery

      America
      The China National Offshore Oil Corporation (CNOOC) recently received the first-ever cargo of Arabian crude oil at its flagship Huizhou refinery in South China’s...

      Ecopetrol announces oil discovery at Santander

      America
      Ecopetrol S.A. reports that the Boranda-1 well discovered the presence of crude in the Magdalena Middle Valley, municipality of Rionegro, department of Santander. The Boranda-1...

      Natixis, IBM and Trafigura introduce first-ever Blockchain solution for U.S. crude oil market

      America
      Natixis, IBM and Trafigura have pioneered the first blockchain solution in commodity trade finance for US crude oil transactions. The distributed ledger platform, built...

      ExxonMobil Continues to Increase Acreage Position in Permian Basin

      America
      Exxon Mobil Corp announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades....

      Aker Solutions wins services contract from Petrobras in Brazil

      America
      Aker Solutions won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil, expanding its...

      Venezuela oil sanctions more likely as Tillerson tours region

      America
      U.S. Secretary of State Rex Tillerson signaled the U.S. is closer to imposing sanctions on Venezuela’s oil sector, raising the pressure on President Nicolas...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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