Market Reports
BP to sell Alaska business to Hilcorp
BP announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska....
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ExxonMobil Earns $3.1 Billion in Second Quarter 2019
Exxon Mobil Corporation announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with...
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Equinor capitalizes shares in Lundin Petroleum for increased direct ownership in Johan Sverdrup and a cash consideration
“Since 2016 we have more than doubled the value of our investment in Lundin. This transaction gives us the opportunity...
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ExxonMobil completes Singapore expansion to enhance Group II base stocks supply
ExxonMobil said that it has completed an expansion at its Singapore refinery to upgrade its production of EHC Group II...
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Shell agrees to sale of Martinez Refinery
Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached...
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Ithaca Energy unit to acquire Chevron’s Central North Sea assets
Ithaca Energy Limited is pleased to announce that it is to acquire Chevron North Sea Limited for $2 billion. The...
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Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture
The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the...
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Equinor completes acquisition of the UK Rosebank project
Norwegian energy giant Equinor has completed its transaction with Chevron Corporation, acquiring Chevron’s 40% operated interest in the Rosebank project,...
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Eni acquires 70% and operator ship of the Oooguruk oil field in Alaska
Eni has entered into an agreement to acquire 70% and operatorship of the Oooguruk oil field in Alaska from Caelus...
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Summit Energy Services Announces Merger with Schneider Energy Consulting
Summit Energy Services and Schneider Energy Consulting, providers of oilfield drilling & completion supervision in the Rockies, have announced a...
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Oil and Gas Advancement is an information centric knowledge sharing platform focused on the latest news in the B2B oil and gas sector bringing to our audiences B2B updates on upstream, downstream, pipeline and transport categories providing information on the latest projects and developments.