The chief executive of U.S. oil giant Chevron Corp on Monday said the uncertainty of the COVID-19 pandemic has it planning for 'choppy' oil prices and economic activity globally.Chevron said on Monday it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock…
Services firm Petrofac says it has implemented its SkillsVX learning and competency software for offshore drilling contractor Valaris, supporting its 7,000 employees globally to manage their learning and competency needs.The implementation involved…
Fredrik Nilsson has been hired to take over as the new Chief Financial Officer of Sweden-based engineered polymer solutions company Trelleborg Group, replacing Ulf Berghult who is leaving the role to take a position outside the company.Berghult…
Engineering services Worley has recently completed the accessibility design assessment for Saitec Offshore Technologies’ ‘DemoSATH’ floating wind turbine, which will be deployed off the Basque Coast in northern Spain.DemoSATH is a 2 MW turbine…
London-listed Zenith Energy has applied for an extension of the Tilapia license term in the Republic of the Congo, which expired on July 18, 2020.Zenith's subsidiary in Congo, AAOG Congo continues to operate the Tilapia oilfield on an interim…
U.S. oil major Chevron has agreed to buy Noble Energy, in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0…
Heerema Marine Contractors' giant heavy-lift vessel Sleipnir has broken a record for the largest single lift jacket removal. HMC said Monday that the record was broken in the Norwegian North Sea, where Sleipnir removed the 8100-tonne Jotun-B jacket for client Vår Energi…
Offshore renewables services firm Swire Blue Ocean (SBO) will transport and install win turbines for the giant Seagreen wind farm offshore Scotland.Under the contract signed with wind turbine maker MHI Vestas Offshore Wind, SBO will transport and install 114 MHI Vestas Offshore Wind wind turbines…
Chinese oil company CNOOC has started production from its Luda 21-2/16-3 offshore development in China.The Luda 21-2/16-3 project is located in Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal…
Ireland-based oil and gas company Providence Resources has said it is progressing farm-out talks with SpotOn Energy over its offshore block containing the Barryroe discovery.London-listed Providence said Monday that SpotOn Energy had confirmed…
Oil firms are expected to drill about 40% fewer exploration wells off Norway in 2020 than originally planned because of the impact of the COVID-19 pandemic, the industry regulator said on Friday.The Norwegian Petroleum Directorate (NPD) also…
Dutch offshore services provider Fugro has started a marine site characterization campaign for Swedish wind developer Vattenfall at two major offshore wind development sites located over 40 km off the coast of Norfolk, UK.'The resulting Geo…
Denmark-based offshore drilling company Maersk Drilling has secured an additional one-well contract from Aker BP for its jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig - which Maersk Drilling says is…
UK-based oil company Premier Oil has signed a sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.The two companies had in January…
Offshore wind consultancy OWC has set up an office in Poland to support offshore wind developments in the Baltic Sea. Lukasz Sikorski has been appointed manager of the office.'Offshore wind is growing fast globally and the recent sudden drop…