International

High Risk Tanker Held In Lebanon Previously Involved In Moving Oil To Syria

An oil products tanker, the Jaguar S, recently made headlines in Lebanon. Lebanese authorities have arrested at least four Lebanese individuals after discovering that the vessel had entered the country “illegally,” according to a statement issued by the Lebanese army.

Iran .. installing a housing platform in the Gulf in a shared field with Saudi Arabia

The Director of Facilities Installation at the Iranian Continental Shelf Company, Muhammad Hussein Karimi Ha, announced the preparations for the installation of a housing platform in the Gulf in a joint field with the Kingdom of Saudi Arabia.

Libya NOC lifts force majeure on Sharara oilfield

Libya’s National Oil Corporation (NOC) said it was lifting force majeure on Sharara oilfield from Sunday.

Oil Explorers Get Back to Work After Delta Rakes Louisiana

Oil explorers, tugboat operators and other U.S. Gulf Coast businesses got back to work on Saturday after the region was slammed by its second hurricane in six weeks.

TechnipFMC has won a subsea contract worth at least $500 million

TechnipFMC reported that it has won a large subsea contract from a unit of Exxon Mobil Corp. ranging in value from $500 million to $1 billion.

ExxonMobil Corp. Loses $225 Billion In Market Cap Against Chevron

Twice over the past two weeks, ExxonMobil has made headlines for all the wrong reasons.

Saudi Arabia May Not Want To Ease Output Cuts In January

Saudi Arabia is mulling over canceling a planned relaxation of OPEC oil production cuts due to enter into effect next January, the Wall Street Journal reported, citing senior oil advisers from the Kingdom.

Noble Corporation scores rig extension deal with ExxonMobil

Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil.