People & Company News


Aramco Mulls Offshore Oil Expansions

Jan 15, 2020

Saudi Aramco is continuing to focus significant efforts on crude oil expansion. The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years…

BW Energy Oslo Listing Set For 1Q 2020

Jan 15, 2020

BW Offshore's exploration and production subsidiary BW Energy is gearing up for an initial public offering of shares in the first quarter of 2020, and listing on the Oslo exchange an independent company.BW Energy was established by the FPSO…

Tullow in $1.5B Writedown On Oil Price Outlook, Exploration

Jan 15, 2020

Tullow Oil expects to report a $1.5 billion writedown after lowering its long-term oil price assumptions by $10 to $65 a barrel, an announced reduction in reserves in Ghana and disappointing exploration wells, it said on Wednesday.'Tullow expects…

Zenith Step Closer To Buying AAOG Congo

Jan 13, 2020

London-listed Zenith Energy has skipped „a major hurdle“ towards acquiring majority rights in Congo focused Anglo African Oil & Gas Congo SAU.Namely, Anglo African Oil & Gas’ shareholders have passed the resolution to approve the sale of an…

Premier Oil, Rockhopper in Sea Lion Farmout Push

Jan 08, 2020

Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project.The companies have signed non-binding heads of terms with Navitas Petroleum…

Mammoet Completes ALE Acquisition

Jan 08, 2020

The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet…

Ocean Installer Appoints New CEO

Jan 07, 2020

Ocean Installer has announced the appointment of Odd Strømsnes as the company’s new CEO as company enters new growth phase and addresses offshore wind market.The Norwegian subsea contractor said in a press note that the interim CEO Kevin Murphy will continue as Deputy CEO…

Ørsted Appoints APAC Head

Jan 07, 2020

Global offshore wind giant Ørsted said that Matthias Bausenwein, President of Ørsted Asia Pacific, has been appointed to the new role as Head of the Asia Pacific Region (APAC), based in Taipei.He will continue to lead the regional activities but in a now strengthened setup…

Norwegian PM Opens Johan Sverdrup Field

Jan 07, 2020

Norway's prime minister Erna Solberg has opened the Johan Sverdrup field center, and the Minister of Petroleum and Energy, Sylvi Listhaug, also attended the opening.Since Equinor and the Johan Sverdrup partners Lundin Norway, Petoro, Aker BP and Total started the field on 5 October last year…

BP, Premier Oil in $625M North Sea Deal

Jan 07, 2020

Energy giant BP has agreed a $625m deal to sell a package of North Sea assets. Premier Oil will take over the Andrew platform and BP's controlling stake in five surrounding fields, as well as its minority stake in the Shell-operated Shearwater field…

Fugro Loses Arbitration Case

Jan 06, 2020

Dutch multinational Geo-data specialist Fugro announced that it has been disappointed in an arbitration case involving Tasik Toba Subsea in March 2019, of a long-term chartered DP3 diving support vessel, the Southern Star.An arbitration tribunal…

Borr Drilling Appoints Neil Glass as Director

Jan 05, 2020

International drilling contractor to the oil and gas industry Borr Drilling Limited announced the appointment of Mr. Neil Glass as a new director of the Board.Glass graduated from the University of Alberta in 1983 with a degree in Business.…

Pandion Energy Completes Duva Stake Sale

Dec 31, 2019

Norwegian oil and gas company Pandion Energy has completed the sale of its 10 percent non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 686B.According to Pandion Energy it was previously announced transaction with Solveig Gas Norway AS…

EGCO Joins Yunlin Project

Dec 23, 2019

Thailand-based Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan.The electric utility holding company…

CSEIP Buys 25% Stake in Arkona OWF

Dec 23, 2019

Credit Suisse Energy Infrastructure Partners (CSEIP) acquired 25% stake in the Arkona offshore wind farm (OWF) from Norwegian energy company Equinor.Watson Farley & Williams (WFW) has advised CSEIP on the EUR 340 million financing of the acquisition…

Current News

Nigeria: FPSO Workers Released after Kidnapping

DOF Subsea Wins 'Key Award' with Chevron in Australia

Petrobras to Mothball Offshore Platform to Cut Costs

Largest Jack-Up to Install Largest Turbines at World's Largest Offshore Wind Farm

Subscribe for OE Digital E‑News