Exploration & Production

ADNOC signs offshore concessions with China’s CNPC

ADNOC CNPCThe China National Petroleum Corporation (CNPC), the world’s third-largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with Abu Dhabi National Oil Company (ADNOC)

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John Wood Group shares fall on FY core earnings dip

North Sea OilJohn Wood Group Plc reported a fall in full-year core earnings due to challenging conditions in its core oil and gas markets and said it expects only a modest growth in core earnings for the full year

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Petrofac gets US$580mn engineering contract in Middle East

Petrofac story pictureOilfield services company Petrofac Ltd said it was awarded an engineering contract worth US$580mn by a state-owned oil company in the Gulf Cooperation Council (GCC) for a "major project"

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Lamprell, GustoMSC to develop jackup rig design

JackupRig-maker Lamprell Plc said it would develop a jackup rig design with Dutch engineering company GustoMSC

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France's Total takes stake in Abu Dhabi offshore gas concessions for US$1.45bn

2The Abu Dhabi National Oil Company (ADNOC) has awarded France's Total a stake in two offshore concessions to boost gas production, aimed at meeting domestic energy demands and cutting gas imports

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