Phillips 66 awarded the contract in conjunction with the $1.5 billion expansion at its Sweeny Hub.

Phillips 66 has selected S & B Engineers and Constructors, Ltd.

June 26 (Reuters) - Oil and natural gas explorer Kosmos Energy Ltd said on Tuesday it was abandoning one of its wells offshore Suriname after it failed to find oil.

The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.

Chevron Australia Pty Ltd. has selected Baker Hughes, a GE BOP Blow Out Preventer repair company gulf coast (BHGE) to supply subsea oil rig flanges gulf coast production system (SPS) equipment under a 15-year master service order (MSO) and well completion equipment under a second contract, BHGE reported Monday.

Crude futures jumped over 2% and US oil topped $70 for the first time in two months.

NEW YORK, June 26 (Reuters) - Crude futures jumped over 2 percent on Tuesday and U.S.

NEW DELHI, June 25 (Reuters) - Oil giant Saudi Aramco said on Monday it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.

AMSTERDAM, June 25 (Reuters) - Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government's decision to halt gas oil rig flanges gulf coast production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on Monday.

Eni-operated JV reports success offshore Angola.

Eni announced a new oil discovery in Block 15/06 in the Kalimba exploration prospect in Angola’s deep offshore.

Turbomachinery & Process Gas Processing will be closing the doors of its facility in Schertz, Texas.

Turbomachinery & Process Solutions (TPS) Gas Processing, a part of Baker Hughes, a GE Company (BHGE), will be closing its Schertz facility, resulting in the layoffs of hundreds of employees, according to data sent to the Texas Workforce Commission (TWC).

NEW DELHI, June 25 (Reuters) - Oil giant Saudi Aramco said on Monday it has a spare capacity of 2 million barrels per day and can meet additional oil demand in case of any interruption in supplies.