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Perma-Pipe International Holdings, Inc. announced it has received a formal letter of award for a development project located in the GCC region. Perma-Pipe will provide thermal insulation, anti-corrosion coatings, and other services from its Abu […]

Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties […]

(Bloomberg) – TotalEnergies SE, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility — which will […]

Constellation and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion. […]

Subsea 7 has secured a contract with Equinor for a front-end engineering and design (FEED) study with EPCI1 option for the Fram Sør development project, offshore Norway. The study will finalize the technical definition […]

ASCO has been awarded a five-year contract until 2030 for base and logistics services for Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The agreement also includes continued services in warehouse management, […]