A report by a nonprofit watchdog group critical of Exxon Mobil Corp's oil contract with Guyana has rekindled a debate over whether the deal is too generous to the company, just a month before a crucial presidential election.In a report published Monday…
Brazilian oil company Petrobras said Friday that the recently delivered FPSO P-70 was stable after a storm that hit Rio de Janeiro last Thursday pushed the FPSO near a beach in Niteroi.'Due to the storm that hit the metropolitan region of Rio de Janeiro on Thursday night (01/30)…
Danish offshore vessel owner Maersk Supply Service has named Mark Andrew Handin as new Chief Operating Officer. Handin will join from Tidewater, another offshore vessel operator, where he currently works as VP of Operations.Handin, who has over…
Israel's Delek Drilling expects a final investment decision this year on expanding exports from the Leviathan gas field using either an LNG facility in Egypt or a floating terminal, its CEO said on Monday. The offshore Leviathan project came…
The Norwegian marine seismic acquisition specialist PGS will start a multi-client survey program in Papua New Guinea (“PNG”) in early February.The program, named the Painimaut 3D MultiClient survey, is expected to last for approximately 60 days and has strong industry funding…
Marubeni Corp and its partners have signed a project finance agreement with banks to build and operate offshore wind farms in northern Japan, the Japanese trading house said on Monday. Marubeni said the 100 billion yen ($921 million) plan to…
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…
Singapore-based offshore support vessel operator PACC Offshore Services Holdings, or POSH, is set to go private on Wednesday.OEDigital reported last week that Quetzal Capital, a Kuok Group company, had launched compulsory acquisition for the remaining shares of the offshore vessel operator…
Norwegian energy company Equinor will have its new shuttle tankers powered by Gasum-supplied LNG. Shuttle tankers are used for transporting oil from offshore oil fields to onshore terminals.Gasum said Friday that the LNG supply would start when the shuttle tankers start operations during 2020…
Offshore rig builder Sembcorp Marine has said that its Brazil subsidiary Estaleiro Jurong Aracruz's former director has been charged for corruption and money laundering. A former Sembcorp Marine consultant has also been charged.SembcorpMarine…
The U.S. government is ready to help Brazil design more effective oil auctions, the U.S. secretary of energy said on Sunday, after the South American nation's attempt to sell tens of billions of dollars of production rights to private firms last year largely flopped…
North Sea private equity-backed Chrysaor's talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties…
Greek oil company Energean has said that its Karish development in the Mediterranean Sea off Israel is on track for first production in the first half of 2021. Energean has previously said that the first gas is expected to start flowing in the first quarter of 2021…
U.S. oil major Chevron slumped to a $6.6 billion quarterly loss compared to 4Q 2019 $3.7 billion profit, citing previously announced impairments on several projects.'Included in the [4Q 2019] were previously announced upstream impairments and write-offs totaling $10…
Exxon Mobil Corp reported a 5.2% drop in fourth-quarter profit on Friday, as assets sales propped up flat year-over-year oil and gas output and weakness in its refining and chemicals businesses.Oil companies last quarter suffered from weaker prices for their products…