Petróleos Mexicanos' (Pemex) Board of Directors unanimously voted to sell its 7.86% stake of Spanish oil company Repsol, the state-owned firm announced 4 June. Pemex expects to net US$900 million as a result of its decision, selling the shares for $27…
Offshore industry body Oil & Gas UK has confirmed two new senior appointments to its board. Effective from spring 2014, Trevor Garlick, regional president North Sea at BP, and John Pearson, Group President, AMEC Europe, have been appointed as the co-chairmen of the organisation…
Operator Genel Energy's Malta subsidiary Phoenicia Energy Co. announced on 30 May that the Noble Paul Romano deepwater semisubmersible drilling rig is moored on location and has commenced drilling Hagar Qim-1. The well is being drilled in 1476ft of water in Block 7 of Area 4 off Malta…
Australia's current federal coalition government seeks to abolish the work visa requirement for offshore oil and gas workers, over objections from the Maritime Union of Australia, according to ABC Rural. The former Labor government, under Gillard…
Nido Petroleum Ltd., on behalf of SC 63 joint venture partners state-owned Philippine National Oil Co. Exploration Corp. (PNOC-EC) and Dragon Oil Ltd., announced that the Baragatan-1A well was spudded May 25. The wellsite is in Service Contract 63…
Swiber Holdings Ltd. announced it has won an US$80 million engineering, procurement, installation and construction contract in Latin America. The client is undisclosed, but the contract covers subsea development work including pipeline tie-ins…
Oceaneering International, Inc. acquired AIRSIS Inc., a provider of remote asset management software services, the company announced on 2 June 2014. Oceaneering expects the acquisition to enhance the company's current asset tracking service…
Marathon Oil has announced it is no longer marketing its UK business after agreeing a deal to sell off its Norwegian unit. Marathon Oil Norge is to be sold to Norway’s Det norske oljeselskap in a US$2.1 billion cash deal. The sale…
US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank announced the award of the first three oil and gas leases in the Gulf of Mexico that are subject to the US-Mexico Transboundary…
Total will exit the Shah Deniz field, following an agreement the French explorer reached with Turkish state-owned oil company TPAO. Total will sell its 10% interest in Azerbaijan field and associated South Caucasus pipeline for US$1.5 billion…
CHC Helicopter’s Brazililian subsidiary, BHS (Brazilian HelicopterServices Táxi Aéreo), opened a larger hangar for its existing offshore flying operations in Cabo Frio, the company announced this week. The 6500sq m (about 70,000sq ft)…
UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets. According to Trapoil, Prostar’s management believes that there is considerable value in the North Sea…
Eni has announced a restructure of its business into an “integrated operational structure”, under new business units. The new units will be: exploration; development, operations and technology; upstream; downstream and industrial. These replace the E&P…
Greenpeace activists who boarded the semisubmersible drilling rig Transocean Spitsbergen (pictured) 300km offshore Norway are now in the hands of Norwegian police, says Statoil. But, Greenpeace's ship, the Esperanza, has moved to the location where Statoil plans to drill…
The International Maritime Organization's (IMO) Maritime Safety Committee (MSC) has approved, in principle, the draft Polar Code and related amendments to make the Code mandatory under SOLAS, with a view to formal adoption at its next session…