Axxim Asset Management News

 

Woodside Extends EnerMech’s Cranes Services Contract off Australia

Nov 21, 2025

Energy industry services firm EnerMech has secured a one-year contract extension to deliver crane maintenance and integrity services across six assets for Woodside in North West Australia.The renewed scope covers six offshore assets in North West Australia…

DNO Enlists AGR to Assess North Sea Reserves and Resources

Nov 20, 2025

Oil and gas firm DNO Norge has hired AGR, part of ABL Group, to carry out an independent evaluation of reserves and resources for the oil and gas operator’s asset portfolio.AGR will provide DNO Norge, which is the Norwegian operation of Oslo-listed DNO…

Aramco Expands US Partnerships with $30B in New Deals

Nov 20, 2025

Saudi Aramco has signed 17 memoranda of understanding and agreements with U.S. companies, with a potential total value exceeding $30 billion, expanding its network of partnerships in sectors ranging from LNG and advanced materials to financial services…

Chevron Eyes Lukoil Assets

Nov 17, 2025

Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday.The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets…

Archer Scoops $110M Oil Services Extension off UK

Nov 14, 2025

Oilfield services firm Archer has secured a five-year contract extension for platform drilling and maintenance services in the U.K. with an estimated contract value of $110 million.The extension will start on May 1, 2026 in direct continuation of the current contract…

Carlyle Eyes Lukoil's Foreign Assets

Nov 14, 2025

U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…

Bidders Circle Lukoil’s Overseas Assets as Sanctions Loom

Nov 13, 2025

From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…

BP Eyes Castrol Sale to Stonepeak Amid Portfolio Overhaul

Nov 13, 2025

BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company's $20 billion divestment goal…

Nigeria to Launch 2025 Oil Licensing Round in December

Nov 12, 2025

Nigeria will begin a fresh round of oil licensee auction from next month, the oil regulator said on Tuesday in London, as part of plans to revive idle assets and grow production.'We are announcing that we are ready, following the approval of…

Danos Names Luis Otero General Manager of Outsourced Operations and Decommissioning

Nov 11, 2025

Danos has hired Luis Otero as general manager of outsourced operations and decommissioning, a new leadership role focused on expanding the company’s decommissioning portfolio in the Gulf of America and launching its outsourced operations service line…

Serica’s $232M Acquisition of BP's North Sea Assets Halted After Partner Steps In

Nov 11, 2025

NEO NEXT Energy, a joint venture between Repsol and NEO, has exercised its pre-emption rights over BP’s P111 and P2544 licenses, blocking Serica Energy’s proposed $232 million deal for the North Sea assets.Serica Energy said NEO NEXT, a license partner…

DOF Nets BP’s Subsea Services Job in Atlantic

Nov 10, 2025

Norwegian offshore supply vessel owner DOF Group has secured a contract with BP for the provision of subsea services in the Atlantic region.The three-year firm and two-year options contract will see DOF deploy a high-capability subsea vessel asset to support BP with subsea construction…

Dolphin Drilling Pursues $105M Payment as Nigerian Receiver Takes Control of GHL

Nov 10, 2025

Offshore drilling contractor Dolphin Drilling is seeking to recover $105 million awarded in arbitration against Nigeria’s General Hydrocarbons Limited (GHL), after the country’s debt recovery agency appointed a receiver to take control of the company…

Gunvor Faces Financing and Regulatory Hurdles in Lukoil Deal

Nov 07, 2025

Russian energy group Lukoil's foreign empire is suitor Gunvor's biggest acquisition target to date but looks far beyond the Swiss trader's borrowing capacity, bankers and insiders say.Lukoil launched the sale of foreign assets on October 27 after coming under fresh U…

ARB Wind Awarded Multi-Year Contract by NnG Wind Farm

Nov 06, 2025

ARB Wind, specialist in asset integrity services to the UK’s wind energy sector, has been awarded a significant contract by Neart na Gaoithe (NnG) Offshore Wind Limited.The balance of plant, inspection & maintenance, and above water foundations inspections contract…

Current News

Trump Calls Out California, UK Energy Deal

Trump Calls Out California, UK

DOF Group ASA Awarded Contract in Argentina

DOF Group ASA Awarded Contract

Jifmar, Seavium Partner to Roll Out AI Across Offshore Fleet

Jifmar, Seavium Partner to Rol

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

DUG Hooks Multi-Client Seismic

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine