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NEWS |
Banks face $3b loss as oil firm goes under
Local banks are likely to suffer losses linked to the closure of Singapore petroleum company Coastal Oil Singapore, according to reports.
NEWS |
Viking Closes ~ $90M Acquisition And Financing Transaction; Significantly Expands Portfolio Of Producing Oil & Gas Assets In Texas And Louisiana
Viking Energy Group, Inc. (“Viking”) is pleased to announce that it has acquired producing oil and gas assets in Texas and Louisiana, and increased its overall proven oil and gas reserves by approxima (...)
NEWS |
Faroe Petroleum's Asset Valuation At Premium To DNO's Takeover Offer
UK and Norway-focused oil and gas company Faroe Petroleum PLC on Wednesday published an independent valuation of its assets, which is said to highlight the inadequacy of DNO ASA's GBP608 million takeo (...)
NEWS |
Equinor completes sales of two non-core NCS assets
Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018.
NEWS |
Deals this week: Total, Energean, Honeywell
Total has signed a $1.6bn agreement with Inpex to divest its 4% stake in the Ichthys liquefied natural gas (LNG) project.
NEWS |
BP launches $3B sale of U.S. assets to fund BHP deal
UK oil supermajor BP Plc has initiated the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other U.S. assets it bought in October from BHP, industry and b (...)
NEWS |
Oceaneering Awarded New North Sea Inspection Contract from Petrofac
Oceaneering International, Inc. (“Oceaneering”) announces that it has secured a three-year Provision of Inspection Enactment Services contract with Petrofac’s Engineering and Production Services divis (...)
NEWS |
Shell: Bonga oil production hits 800m barrels
Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrels.
NEWS |
Processing topside ready for Johan Sverdrup
Fully assembled and tested, the topside for the Johan Sverdrup processing platform is leaving the Samsung Heavy Industries yard on time, below budget and with no serious incidents.
NEWS |
Ampelmann looks back on the highlights of 2018
Ampelmann, the global leader in offshore access services, is revisiting a year of growth, successes, and expansion into new territories.
NEWS |
Noble jackup wins three contracts offshore Australia
Noble Corp. has issued an update on its offshore drilling rig fleet. In the Gulf of Mexico, W&T Offshore has contracted the drillship Noble Sam Croft. Drilling is expected to start in 1Q 2019 and end (...)
NEWS |
Deals this week: Faroe Petroleum, Mubadala, Qatar Petroleum
Faroe Petroleum has signed an agreement with Equinor for the exchange of their oil and gas assets in the Norwegian Sea and the North Sea in the Norwegian Continental Shelf (NCS).
NEWS |
Chrysaor sets sights on Chevron's North Sea assets
Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron’s British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.
NEWS |
Tymor Marine assists Mercy Ships with essential medical care in Africa.
An Aberdeen-based marine and naval architectural consultancy, Tymor Marine, is supporting international aid organisation, Mercy Ships, to deliver free, vital medical carto some of the poorest countrie (...)
NEWS |
McDermott gives survey work offshore India to UTEC
UTEC, a global surveying company in subsea services group Acteon, has been awarded a subcontract by McDermott for a series of survey work scopes offshore eastern India.
NEWS |
Equinor completes sale of non-core asset on UK Continental Shelf
Equinor and Verus Petroleum have completed their previously announced transaction, whereby Equinor has sold its 17% non-operated interest in the Alba oil field.
NEWS |
Sparrows signs five-year servicing order with Pemex Procurement International, Inc.
Sparrows Group has signed a five-year blanket order with Pemex Procurement International, Inc. acting on behalf of Pemex Exploracion y Produccion (PEP) to service 41 of its cranes situated on assets i (...)
NEWS |
Repsol plans 50% increase in Marcellus gas production
Spanish oil major Repsol said Thursday its shale gas production in the Marcellus Shale play could grow by 50% by the end of 2020, Kallanish Energy learns.
NEWS |
Oceaneering Enhances Global Asset Integrity Capabilities
Oceaneering International, Inc. (“Oceaneering”) announced it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities.
NEWS |
Lloyd’s Register unveils AllAssets to digitalise inspection and maintenance for the oil and gas sector
Lloyd’s Register (LR), a leading global provider of engineering and technology-centric professional services, today launched AllAssets, an innovative SaaS-based Asset Performance Management (APM) plat (...)
NEWS |
North Sea oil and gas firm underlines commitment to invest in area
Oil and gas independent RockRose Energy has underlined its ambition to increase production in the UK after bringing a well onstream in the Dutch North Sea.
NEWS |
Texo Group Awarded ENSCO 100 Main Contractor Shipyard Project
Texo Group, the Integrated Asset Services specialist has been awarded the contract to upgrade the ENSCO 100 Jackup MODU.
NEWS |
Petrobras to sell certain Brazilian production assets for $823m
Petróleo Brasileiro (Petrobras) has announced sale of some of its onshore and offshore producing oil and gas assets in Brazil to 3R Petroleum and Perenco in two separate deals for a total sum of $823m (...)
NEWS |
Embracing the circular economy
The term ‘circular economy’ is increasingly finding its way into the consciousness of individuals, businesses and governments, as sustainability becomes a top priority for all.
NEWS |
The Prospects of the Subsea Oil & Gas Industry
The recovery of oil prices this year brought about a welcome recovery in offshore drilling activity. Offshore oil and gas projects in many parts of the world become increasingly competitive after the (...)
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