Legal News


ProPetro Cuts Almost 150 Workers

Oct 14, 2019

ProPetro Holding Corp this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.The job cuts reflect slowing shale activity due to weak prices for oil and gas…

Northern Drilling Cancels Drillship Resale Contract

Oct 08, 2019

Offshore drilling contractor Northern Drilling announced it has cancelled a resale contract for the 7th generation ultra deepwater drillship West Cobalt, which had been scheduled for delivery from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) in 2021…

Keppel, Sembcorp Reach Deal with Embattled Brazil Firm

Oct 07, 2019

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs.Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras)…

DoJ Drops Shell Investigation

Oct 02, 2019

Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield.Shell and Italy's Eni are both currently…

US DOJ Closes Eni Investigations

Oct 01, 2019

The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday.Eni, the biggest foreign oil and gas producer in Africa…

Eni CEO's Wife Under Investigation in Congo Probe

Sep 30, 2019

Italian prosecutors are investigating the wife of Eni's chief executive as part of a wider probe into allegations of corruption involving the oil and gas major in Congo Republic, a prosecution document seen by Reuters showed.State-controlled…

NGA in Rig Settlement Pact with Industri Energi

Sep 29, 2019

The Norwegian Shipowners' Association (NGA) reached an agreement with Industri Energi and SAFE in the Mid-Term Settlement for employees on mobile offshore units, drilling and catering on permanently placed facilities on the Norwegian Continental Shelf…

OMP Acquires Stake in TEN

Sep 26, 2019

The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…

Chevron, Thailand in Dispute Over Decom Tab

Sep 26, 2019

U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday.Thailand…

Swiss Prosecutors Aid Italian Oil Corruption Probe

Sep 23, 2019

Switzerland's top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago that could shed light on a case involving oil majors Eni and Royal Dutch Shell and corrupt payments in Nigeria.In a ruling announced on Monday…

Norway Mulls Blocking Prosafe's Floatel Acquisition

Sep 16, 2019

The Norwegian Competition Authority is considering blocking Prosafe's acquisition of its competitor Floatel International Ltd on the grounds that the combined firm would dominate its market, it said on Monday.The two companies are the only providers…

Mexico, Pemex to Hedge Oil Output

Sep 09, 2019

The Mexican government has said in its 2020 budget proposal that it will maintain a strategy of hedging its oil output against lower prices.Mexico’s state oil company Pemex will also continue a similar but separate hedging program. Mexico’s…

NYSE Begins to Delist Seadrill Partners

Sep 09, 2019

The international offshore drilling contractor Seadrill Partners LLC announced that it has been notified by the New York Stock Exchange that trading in SeaDrill's common units on the exchange has been suspended and the procedure to delist the units has been initiated…

US Judge Rejects Exxon, Shell Nigeria Case

Sep 04, 2019

A U.S. judge on Wednesday rejected Exxon Mobil Corp's and Royal Dutch Shell Plc's effort to revive a $1.8 billion arbitration award against Nigeria's state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country's coastline…

Current News

Schlumberger Profit Beats Estimates

Petrobras Posts Another Major Production Boost

Eni CEO: No Future for Firms Working in Just O&G

TechnipFMC Wins EPCI Contract from Woodside

Partners Plan Floating Wind Farm in South Korea

Maersk Drilling Scores POSCO Contract

Woodside Makes FID for Pyxis Hub Project

Online Tool Helps Assess Drilling Safety

Transocean Bags $75Mln New Contracts

Naval Energies, SIDS DOCK to Support OTEC

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week