Orsted, the world's largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.The still small U.S. offshore wind sector is seen as one…
Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced on Monday.Baker Hughes (BHGE) becomes the first foreign…
Norway has again revised up the estimated cost of developing the Martin Linge oil and gas field, which state-controlled Equinor bought from France's Total last year, with the start-up delayed until 2020, according to the fiscal budget.The North…
Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal…
Offshore vessel owner Solstad Offshore has been awarded a contract with Global Sea Mineral Resources (GSR), part of DEME Group, for its construction support vessel (CSV) Normand Reach.The contract will commence in 4Q 2018 and has a duration of 4-6 months…
Gulf Island Shipyards (GIS) has sued Hornbeck Offshore over what it says is the wrongful termination of two shipyard construction contracts for the final two vessels in the company's fifth offshore support vessel (OSV) newbuild program earlier this year…
Australian Oil and gas explorer Beach Energy said it will sell a 40 percent stake in its Victorian Otway gas assets for USD 243 million, and trimmed its earnings and production guidance.Through their wholly-owned subsidiaries Lattice Energy Limited and OGOG (Otway) Pty…
Calgary-based oil and gas driller Precision Drilling Corporation said it would Trinidad Drilling Ltd in a deal valued at $1.03 billion, trumping a hostile bid from Ensign Energy Services.A press release from the Canada's largest contract drilling…
Thousands of Halifax Shipyard shipbuilders, along with the ship’s company, joined Government of Canada and Royal Canadian Navy representatives to celebrate Madame Sophie Grégoire Trudeau, the ship’s sponsor, to officially name Canada’s lead Arctic and Offshore Patrol Ship…
Jack-up rig specialist Shelf Drilling announced that one of its subsidiaries has secured a two-year contract for the Key Singapore with Eni for operations in the Adriatic Sea offshore Italy.The contract includes a one-year option period, and the planned commencement window is from May to July 2019…
U.S. operator Talos Energy informed that the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH) has approved the appraisal plan for the Zama discovery.The approval of the appraisal plan by the CNH is a key approval required to commence the appraisal of the Zama discovery…
Libra Consortium operator Petrobras has concluded the extended well test (EWT) in the Mero field, located in the block of Libra, in Santos Basin’s pre-salt layer.Launched in November 2017, production was carried out by FPSO Pioneiro de Libra…
Neptune Energy has appointed Odin Estensen as Managing Director of its Norwegian business, based in Stavanger.Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.With more than 28 years’ experience in the oil and gas sector…
Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area…
Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.The…