Offshore equipment and engineered solutions provider Gulfstream Services International (GSI) said it has moved into its new Aberdeen headquarters as part of an effort targeting expansion in the North Sea and beyond.The firm has expanded into an 8…
New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…
BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.Combined, the minimum…
Eni is not concerned about escalating tensions between Cyprus and Turkey over the question of offshore drilling and would seek to stay clear of any conflict, the Italian oil and gas group's Chief Executive said on Thursday.'I'm not worried,' Claudio Descalzi said at a conference in Rome…
Japanese energy group JERA, , a joint venture between Tokyo Electric Power and Chubu Electric Power, has agreed to acquire a 49% stake in the 376MW Formosa 2 project being developed off the west coast of Taiwan.Completion of the transaction is subject to regulatory approvals…
Maersk Supply Service said it will provide an integrated mooring lines life extension solution for Shell’s floating production, storage and offloading unit (FPSO) Fluminense, including project management, engineering, interface management and offshore execution off the coast of Rio de Janeiro…
Universal Subsea Inc. (USI) announced that its patent-pending Defender subsea isolation cap was installed to the Bulleit subsea well, operated by Talos Energy in the Gulf of Mexico at a water depth of 1,300 feet.The lightweight, thermoplastic cap was landed…
Swagelining, the polymer lining specialist for subsea pipelines, said it has installed its LinerBridge connector technology for the first time for three North Sea projects..The Swagelining team installed the LinerBridge polymer lining connectors…
Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said.The Malaysian assets, which include stakes in two large fields…
Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.The announcement of efforts to generate more revenues by reducing…
Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…
Order delays, cancellations and decision-gate debates have been hampering Norwegian oilfield owners grappling with a vastly weakened currency and projects — like the not-on-time and not-on-budget, Martin Linge — that have burst budgets.While several fields have been made scaled back (Bauge…
Offshore energy support vessel (OESV) operator Seacat Services said it has commenced a long-term contract with Equinor, which will see three OESVs support the ongoing operations and maintenance (O&M) of the 88-turbine Sheringham Shoal Offshore Wind Farm in the UK North Sea…
Rotating equipment services provider Sulzer said it has opened a new service center in Semenyih, Malaysia to offer specialist technical knowledge and support for all types of pumps, electrical equipment and turbomachinery for local industries including oil and gas…
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…