The provider of international crude oil and gas marine transportation, Teekay Corporation announced an agreement to sell to Brookfield Business Partners all of the Company’s remaining interests in Teekay Offshore Partners for total proceeds of $100 million in cash…
The U.S.-based exploration and production company LLOG Exploration Offshore and Spanish oil company Repsol announced the signing of an Asset Exchange and Joint Participation Agreement in the deepwater Gulf of Mexico.The agreement provides for…
Global controlled flow excavation (CFE) specialist James Fisher Subsea Excavation (JFSE), part of the James Fisher & Sons group, announced that it has bolstered its expert team by a number of key appointments and promotions.The strategic appointments…
The oil and gas company Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has paid to extend an option it has for the long-term charter of Ocean Yield’s FPSO Dhirubhai-1.A press release said that on the 12th of February 2019…
BP has signed a deal to explore for oil and gas off Gambia's coast in a potential economic boon for the tiny West African country, although another producer says it owns the rights to the same licence.BP was awarded the licence to the A1 block…
Olis Robotics, a Seattle based developer of next-generation remote robotics software, said it has hired Tom Boyer as the Chief Commercial Officer to spearhead new business development across core verticals, including offshore energy.Boyer brings…
The jack-up drilling rig Noble Tom Prosser is close to being on location to drill the Dorado-2 well offshore Australia, Carnarvon Petroleum announced this week.The Dorado-2 well is the first appraisal of the Dorado discovery that was drilled in the second half of 2018 in WA-437-P…
A new guide published by ABS aims support the development of smart functions and condition-based approach to optimized performance that will help marine and offshore owners and operators capitalize on their operational data.Through the analytics that they provide…
Petroleos Mexicanos swung to a 35.7 billion peso ($1.84 billion) net loss during the first quarter as revenues and crude output at the heavily-indebted Mexican state oil company fell, results posted to the stock exchange showed on Tuesday.Revenues at Pemex were 356…
Warren Buffett's Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp's $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp.Occidental and Chevron…
Floating production, storage and offloading unit (FPSO) and marine integrity management specialists Marine Technical Limits (MTL) said on Tuesday it has welcomed a senior naval architect to its team.Paul Allan, who has more than 10-years’ experience…
Interventek Subsea Engineering said it is developing a control system for a new subsea in-riser landing string that is designed to reduce size, weight, complexity and cost.The development of the new control system has gained support by the way…
With oil prices pushing toward USD 80 dollar on geo-political strife, there’s the expectation of a concurrent rise in world gas prices and regional liquefied natural gas (LNG) projects, judging by some frenetic dealmaking of late.Few things…
McDermott International on Tuesday said it has been awarded a contract by Eni for engineering, procurement and construction (EPC) of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 30 kilometers offshore Dos Bocas in southeast Mexico…
Spanish oil and gas firm Repsol said on Tuesday first quarter adjusted net profit rose 6 percent from a year earlier, as a fall in oil and gas prices and a halt to production in Libya were offset by lower costs and a stronger U.S. dollar.The…