Rigzone

18 hours ago | rigzone.com | Paul Anderson

Malaysia’s Petroliam Nasional Berhad (Petronas) has signed 11 Memoranda of Understanding (MOU) to boost the country’s oil and gas services and equipment (OGSE) sector through two initiatives, Yard Transformation and Productivity Enhancement, and Skilled Trade Champion. The MOUs were signed by Petronas’ Malaysia Petroleum Management (MPM).

1 day ago | rigzone.com | Paul Anderson

Spain’s Iberdrola S.A., through its unit Avangrid, commenced commercial operations at the True North Solar photovoltaic plant and started exporting energy from its Camino and Powell Creek solar farms in the United States. True North Solar, with over 488,000 solar panels and a capacity of 321 MW, can provide energy for nearly 60,000 U.S. homes. This makes it the largest photovoltaic project for the company in the United States, Iberdrola said.

1 day ago | rigzone.com | Paul Anderson

MODEC Inc. has secured a contract from ExxonMobil Guyana Ltd. to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. MODEC said in a media release the contract is a Limited Notice to Proceed (LNTP) hinging on government and regulatory approvals. The contract’s first phase encompasses Front-End Engineering and Design (FEED). Phase two covers engineering, procurement, construction, and installation (EPCI), the company said.

2 days ago | rigzone.com | Firat Kozok |Patrick Sykes

Turkey is in talks to look for oil and gas in Bulgaria, and is also planning exploration work in Iraq and Libya, Energy Minister Alparslan Bayraktar said. State-run Turkiye Petrolleri AO will “likely” sign an agreement with an unspecified foreign company in the next month to search for energy in Bulgaria’s part of the Black Sea, Bayraktar told reporters in Turkey’s Giresun province.

2 days ago | rigzone.com | Alex Longley |Mia Gindis

Oil rose as the potential for the US to curtail Iranian flows added to a rebound driven by broader markets. West Texas Intermediate advanced about 2% to settle near $64 a barrel, recouping most of the previous day’s losses, which were driven by President Donald Trump’s public rebuke of the Federal Reserve. Also supporting prices, Trump said he and Israeli Prime Minister Benjamin Netanyahu spoke on Tuesday and are aligned on trade and their approach to Iran.