Subsea 7’s Life of Field business unit. and Shell International Exploration &. Production. Inc. have entered into a collaborative technology agreement to accelerate subsea digitalization.initially for a period of five years from the fourth quarter of 2019.

A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus.

The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.

This is the first toothed drilling bit built locally in Iran’s oil industry.

Recent remarks by the Iranian and Saudi officials on the dialogue between the two countries highlights significant points regarding the prospects for bilateral relations between Tehran and Riyadh.

The building of the middle subsection began in July 2019.

The U.S. special envoy for Venezuela Elliott Abrams said his government would soon apply more sanctions against Caracas.

The 100MW Minety project. backed by China Huaneng Group and Chinese sovereign wealth fund CNIC. is expected to be completed by the end of 2020.