People & Company News News


UTEC Names Rahmatullah Middle East Director

Sep 18, 2018

UTEC, a global survey company in subsea services group Acteon, has appointed Nadir Rahmatullah as the commercial and strategy director of its Middle East and Caspian operations.Rahmatullah was most recently managing director of UTEC StarNet…

BSM Launches a Offshore Division

Sep 18, 2018

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables markets…

UKHO Names Armour Director of Customer Division

Sep 14, 2018

The UK Hydrographic Office (UKHO) has announced the appointment of Cathrine Armour as the new Director of its Customer Division.Armour brings experience in leading data, science and technology-centric organizations, and will be instrumental…

Transocean to Buy Ocean Rig in $2.7 Bln Deal

Sep 04, 2018

Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new optimism for offshore drillers…

Maersk to Spin off Drilling, Hand Total Shares to Investors

Aug 17, 2018

A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month…

Saipem, Subsea 7 Discussed Tie Up a Few Years Ago

Jul 25, 2018

Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday.'Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out…

Africa's Richest Man Arranges $4.5 Bln of Financing for Oil Refinery

Jul 24, 2018

Africa's richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters.Dangote, who built his fortune in cement, is building…

Tidewater and GulfMark Announce Merger

Jul 16, 2018

Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support…

Equinor Acquires Energy Trader Danske Commodities

Jul 08, 2018

Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). 'Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million…

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

Jun 21, 2018

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality…

Russian gas for Slovenia

Apr 14, 2018

A contract for supply of gas was entered into to between Russia and Slovenia today in Ljubljana. Gazprom entered  with Slovenia. This new contract provides for annual supplies of 600 million cubic meters of gas by Gazprom from January 1, 2018 to January 1…

Statoil Inks LOI for Johan Sverdrup Phase 2

Apr 05, 2018

Statoil, on behalf of the Johan Sverdrup partnership, signed a letter of intent with Aibel for the construction of the processing platform topside for phase 2 of the project. A letter of intent for field center modifications is also issued to a joint venture of Aker Solutions and Kværner…

Statoil Bags Four Blocks Offshore Brazil

Mar 30, 2018

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects…

Construction Begins on Saudi Aramco's Shipyard Joint Venture

Mar 16, 2018

Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, oil rig builder Lamprell Plc said in a statement on Friday.The joint venture, International Maritime Industries (IMI), started operations…

Nakilat, Maran Ventures JV adds two vessels

Mar 03, 2018

Nakilat has expanded its joint venture partnership with Greek shipping company Maran Ventures Inc., to include two additional LNG vessels.Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions…

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