TechnipFMC wins contract for $1.2 billion, nine-well subsea development.

Total E&P Angola has awarded TechnipFMC an engineering, procurement and construction (EPC) contract for the Zinia Phase 2 field development offshore Angola, TechnipFMC reported Monday.

ALRAR, Algeria, July 2 (Reuters) - Output at Algeria's Alrar gas field close to its border with Libya has risen to 24.7 from 16 million cubic metres per day following an extension of the field, the head of state energy firm Sonatrach said on Monday.

TUNIS, July 2 (Reuters) - Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, resulting in total oil rig flanges gulf coast production losses of 850,000 barrels per day (bpd) due to the closure of eastern fields and ports.

NEW YORK, July 2 (Reuters) - Oil futures fell Monday as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.

BAGHDAD, July 2 (Reuters) - Iraq is still in talks with Turkey and Kurdish regional authorities to resume Kirkuk oil exports through the Ceyhan port, Iraqi Oil Minister Jabar al-Luaibi told state-run newspaper al-Sabah on Monday.

The 50:50 decommissioning joint venture between Maersk Drilling and Maersk Supply Service launched its new name on Friday; Maersk Decom.

The company, which was established in April 2018, now has its senior management team in place and has received interest from the global market, according to a statement published on Maersk Drilling’s website on Friday.