Commodities

Crude costs rebound on stalled Ukraine negotiations, China progress pledge

(Bloomberg) – Oil reversed Friday’s decline as U.S.-led talks to finish the struggle in Ukraine didn't yield a breakthrough, and China vowed to help progress subsequent yr. ...

CB&I acquires Petrofac Asset Options to increase O&M providers

CB&I has signed a sale settlement to amass Petrofac’s Asset Options enterprise, a...

bp reshapes portfolio with $10.1 billion Castrol sale, accelerating vitality technique shift

bp has agreed to promote a majority controlling curiosity in its international lubricants subsidiary Castrol to Stonepeak in a transaction valuing the enterprise at roughly $10.1 billion, marking one of many supermajor’s most...

GMS awarded two-vessel contract offshore Europe, expands backlog to $540 million

Gulf Marine Companies (GMS) has been awarded a brand new contract masking two of its Massive-class self-propelled, self-elevating assist vessels in Europe. The settlement spans a complete of 985 days and can see...

Offshore enlargement drives demand for logistics hubs throughout the Caribbean

Rising offshore oil and fuel exercise throughout the Caribbean is elevating the strategic significance of onshore logistics infrastructure, as operators more and more rely on specialised ports and shore bases to assist complicated...

SLB secures five-year stimulation contract for Aramco’s unconventional fuel program

SLB has been awarded a five-year contract by Saudi Aramco to offer stimulation and associated companies supporting the Kingdom’s unconventional fuel growth program. The settlement kinds a part of a broader multi-billion-dollar initiative...

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