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…
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…
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.…
US based oil and gas company Occidental Petroleum announced on Thursday that former Schlumberger Chairman and Chief Executive Officer Andrew Gould has been elected to its Board of Directors effective March 1, 2020.Gould has more than 40 years of experience in the oil and gas industry…
Brazil's state-run oil company Petroleo Brasileiro said on Thursday that board member Clarissa Lins had tendered her resignation.In a securities filing, Petrobras said Lins cited 'professional reasons that prevent (her) at this time from continuing to perform such duties…
Offsore services firm Subsea 7 on Thursday announced changes to its executive management team, including the appointment of a new Chief Executive Officer and three Executive Vice Presidents, effective from January 1, 2020.John Evans is now in place as Chief Executive Officer…
Senator of Massachusetts Edward J. Markey has called on Ørsted and Vineyard Wind to enter into Project Labor Agreements (PLA) for wind energy projects offshore Massachusetts and the larger East Coast.A PLA would ensure that newly created jobs in the offshore wind industry are good-paying and safe…
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…
London-headquartered offshore drilling contractor Noble Corporation has appointed Stephen M. Butz as Executive Vice President and Chief Financial Officer, effective December 19, 2019.From 2014 until its merger with Ensco plc, Butz served as…
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…
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…
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was hit by volatile energy markets, said its assets would be taken over by its creditor banks.Bourbon said the Marseille commercial…
Marine services company Malin Group has appointed Alan Hunter in a new business development role, as the company looks to continue its growth in the oil and gas sector.With a presence in the marine industry stretching back over 100 years, Malin…
Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company Glencore.According to the Denmark's largest energy company, Ørsted entered into…
Norway's minister for oil and energy, Kjell-Boerge Freiberg, will step down from the cabinet on Wednesday, public broadcaster NRK reported, citing anonymous sources.Freiberg's ministry is, among other things, in charge of managing the government's majority stake in oil firm Equinor…
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