For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected - and unwelcome.President Jair Bolsonaro announced the 71-year-old Luna would take the helm of Petroleo Brasileiro SA…
Bosch Rexroth said Monday it would present 'a disruptive innovation' for electrically actuating valves in the subsea process industry at Hannover Messe (April 12-16, 2021). 'The new SVA R2 Subsea Valve Actuator is the world’s first electric…
Oil and gas investment company ADM Energy which in March agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria, has signed a…
A senior cabinet minister said on Monday he had signed a document expanding Lebanon's claims in a row with Israel over their maritime border that has held up hydrocarbon exploration in the potentially gas-rich area.The amendment would add around 1…
Independent Oil and Gas plc, the UK-based company working to develop its Phase 1 project in the Southern North Sea, has started drilling at the Elgood development well, 48/22c-H1.Elgood is the first of five planned development wells in IOG's…
Six environmental organizations, including the World Wildlife Fund and Greenpeace, on Monday, called on Norway to stop plans to open ocean areas for deep-sea mining.The government in January launched a process to open areas on its extended continental…
Norway's Equinor has received approvals to drill two offshore wells in the production licence 090 in the North Sea, offshore Norway.The Norwegian Petroleum Directorate (NPD), which has granted the regulatory approvals for the drilling operations…
Maritime connectivity and IT solutions provider Marlink Group has obtained final regulatory approvals to acquire 100% of ITC Global from Panasonic. 'The Marlink and ITC Global management teams are preparing for a swift closing of the transaction in the coming weeks…
Dutch offshore survey firm Fugro and Sweden's MMT have won contracts with the Danish grid operator Energinet, to carry out seabed surveys for the Danish Energy Island project in the North Sea.The contracts follow an announcement by the Danish…
Southeast Asia-focused oil firm KrisEnergy, after several delays, on March 31 completed the sale of its Block 115/09 offshore Vietnam, to an unnamed international major, never saying who the buyer was.Some two weeks later, on Monday, April 12…
Dutch offshore installation specialist Heerema Marine Contractors has signed a deal with Singapore's Sembcorp Marine to transport and install an HVDC offshore converter platform for RWE's 1.4 GW Sofia offshore wind farm in the UK.Sembcorp Marine’s…
Derazona Helicopters in Indonesia has ordered an Airbus H160 helicopter to be used to support the country’s oil and gas sector's operations. 'The multi-mission H160 will play an important role in the expansion plans of the Indonesian operator for oil and gas…
Africa-focused oil company Vaalco Energy has named George Maxwell as Chief Executive Officer effective April 12, 2021. Cary Bounds who has served as Chief Executive Officer since 2016 will leave Vaalco to pursue other interests.Maxwell, who…
The board of Brazilian state-run oil company Petrobras has approved an agreement with the government regarding the compensation that must be paid to Petrobras in the event of an auction of reserves in two offshore oil areas, the firm said on Friday…
Marine seismic acquisition company Shearwater GeoServices has won a 3D seismic survey contract in Vietnam.The company said the contract was awarded by 'a major operator,' but it did not say who the client was.The two-and-a-half-month project…