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      Oil slips towards $98 on concerns of faster US interest rates hike

      America
      The price of Brent crude slipped towards $98 per barrel today on concerns of a faster hike in US interest rates.   Oil prices...

      GE Oil & Gas secures subsea equipment contract from Petrobras

      America
      GE Oil & Gas has secured a subsea equipment contract worth more than $300m from Brazilian energy firm Petrobras.   Under the contract, GE...

      SBM Offshore to work with Noble Energy in two US GoM fields

      America
      Netherlands-based SBM Offshore has secured a contract to work with Noble Energy in the US Gulf of Mexico (GoM) at the Big Bend and...

      ONGC Videsh to explore oil and gas offshore Vietnam

      Asia Pacific
      India-based ONGC Videsh has agreed to participate in the exploration of oil and gas offshore Vietnam.   ONGC Videsh signed a letter of intent...

      Brent crude oil steadies at $99 on hopes of OPEC output cut

      America
      The price of Brent crude oil has steadied at $99 per barrel on Wednesday on expectations that the Organization of the Petroleum Exporting Countries...

      Mitsubishi to acquire 20% stake in Ivory Coast offshore oilfield

      Africa
      Mitsubishi has agreed to acquire a 20% ownership interest in an offshore oilfield offshore Ivory Coast from Anadarko Petroleum.   The company will buy...

      Oil trades below $98, recovering from two-year low

      America
      The price of Brent crude traded at just below $98 a barrel on Tuesday, recovering from its decline to a two-year low; however, the...

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