Eni completes sale of big Saipem stake

Eni SPA has completed its sale of 12.5% plus one share of construction and drilling contractor Saipen SPA to Fondo Strategico Italiano SpA. Source: News


Malaysian firm to buy Lundin’s Bertam FPSO

M3nergy Investment Ltd., a wholly owned subsidiary of M3nergy Bhd. of Malaysia, has agreed to acquire the Bertam floating production, storage, and offloading vessel from Lundin Petroleum AB for $265 million. Source: News


MARKET WATCH: NYMEX crude oil prices briefly climb above $30/bbl

Light, sweet crude oil prices climbed more than $1/bbl on the New York market Jan. 21, reaching a trading session high of $30.25/bbl before settling at $29.53/bbl. The momentum continued with crude prices rallying above $31/bbl in early trading on Jan. 22. Source: News