Sapura Energy Bags $315MM in New Contracts

Some South East Asian news via Rigzone, original article here… Malaysian oil and gas company Sapura Energy Bhd has landed $315 million (RM1.3 billion) in five new contracts for its engineering and construction and drilling segments. Details surrounding the new contracts are below: Sapura Offshore Sdn Bhd is making a new entry into Egypt with […]

Total Signs Long-Term LNG Agreement with Guanghui

This article was initially published on Rigzone.com Total and Guanghui International Natural Gas Trading Co Ltd have signed a long-term sale and purchase agreement for the supply of 0.7 million tons per year of liquefied natural gas (LNG). The agreement is for a period of ten years. The gas will be delivered to Guanghui’s regasification terminal […]

Total Cash Flow Up

(Initially Reported by Bloomberg via Rigzone) – Total SA boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of liquefied natural gas compensated for a drop in crude prices. The French energy giant’s earnings are the latest sign of the industry’s recovery from a deep downturn, with Total benefiting from […]