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CGG’s creditors have overwhelmingly accepted the company’s proposed chapter 11 plan, the French seismic firm announced today (2 October). Image…
New exploration in the North Sea will be supported by a US$6.7 million (£5 million) UK government fund for 2018/19,…
Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater…
Thursday, 14 September 2017 10:16

Ophir still reaching for Fortuna FID

Ophir Energy is holding out hope that the Fortuna FLNG project offshore Equatorial Guinea will reach final investment decision (FID)…
Wednesday, 13 September 2017 10:37

Seadrill files for bankruptcy

Seadrill has filed for bankruptcy protection, as investors fork up US$1.06 billion of new capital for the company. Anton Dibowitz.…
Thursday, 03 August 2017 10:44

Pacific Drilling gaining deepwater interest

The new Pacific Drilling CEO says that the company is gaining an increased interest in the deepwater sector for 2018,…
Thursday, 20 July 2017 11:24

Keppel discloses delivery agenda

Keppel Corp. has revealed that its wholly-owned subsidiary Keppel Offshore and Marine’s (Keppel O&M) plans to deliver five rigs to…
Published in OE Daily: 2017 / July
Thursday, 15 June 2017 11:45

CGG begins financial restructuring

Paris-based geophysical firm CGG will file for Chapters 11 and 15 bankruptcy in the US, and open a Sauvegarde proceeding in…
Published in OE Press: 2017 / June
Monday, 12 June 2017 12:49

BP, Sirius in Ororo offtake talks

Sirius Petroleum has confirmed that the company is in talks with supermajor BP regarding an offtake and pre-payment facility to…
Published in OE Daily: 2017 / June
Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South…
Published in OE Press: 2017 / May
Thursday, 18 May 2017 09:58

WGEG predicts rig market to decline

Westwood Global Energy Group (WGEG) predicts to see stagnation in terms of dollar demand through to early next decade before…
Published in OE Press: 2017 / May
Gazprom-led Nord Stream 2 has signed financial agreements with five major energy companies, including supermajor Shell, for the Nord Stream…
Published in OE Daily: 2017 / April
Monday, 10 April 2017 13:46

BHP: Advisor’s proposal risky

BHP Billiton says that the costs and associated risks from a proposal by Elliott Associates, LP and Elliott International, LP…
Published in OE Daily: 2017 / April
Monday, 20 March 2017 08:09

Borr buys all Transocean jackups

A Norwegian newcomer with ties to Seadrill, Borr Drilling, is set to acquire Transocean’s entire jackup fleet, including newbuilds, in…
Published in OE Daily: 2017 / March
Wednesday, 08 March 2017 10:55

Anadarko eyes 10 deepwater wells in 2017

Anadarko is planning to drill up to 10 exploration/appraisal wells in the deepwater Gulf of Mexico, Côte d'Ivoire, and Colombia…
Published in OE Daily: 2017 / March
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