A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter…
Mexican President Andres Manuel Lopez Obrador said on Thursday the country will not offer more oil joint ventures between private companies and state energy company Pemex for the moment.In reply to a question about the contracts known in the…
Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday, a move that could stoke tensions with neighboring Cyprus and Greece.Turkey…
Oil and gas companies operating in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns ($20.06 billion) from 175.3 billion crowns seen in November, a survey by the country's statistics agency (SSB) showed on Thursday…
Eco Atlantic Oil & Gas Ltd and partners have contracted a rig, the Stena Forth, to drill the Jethro-Lobe prospect on the Orinduik block, offshore Guyana.'Eco (Atlantic) Oil & Gas, along with its partners in the Orinduik Block, offshore Guyana…
Bulgaria has given permission to Royal Dutch Shell to transfer 20 percent of the rights to explore a block off its Black Sea coastline for gas and oil to Spain's Repsol, the government said on Wednesday.In December, Shell was allowed to transfer…
U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption.Oil fell on Wednesday after the U.S. government said shale output would rise to a record next month, denting a rally that sent prices to their highest this year…
Singapore's Keppel FELS has delivered the jackup rig, Cantarell IV, to Grupo R with a perfect safety record.The wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) said that as part of the deal, Grupo R has entered into a sale and leaseback agreement with FELS Asset…
The international offshore drilling contractor Transocean has entered into an agreement with Equinor to license and install Automated Drilling Control (ADC) systems on four high-specification, harsh environment rigs currently on contract in…
London-based offshore drilling contractor Noble Corporation has bought a second newbuild Gusto MSC CJ46 design jack-up rig from the Singapore shipyard PaxOcean Group for $83.75 million. Like the Noble Johnny Whitstine, which the UK offshore…
Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means…
German drilling equipment and machinery company MHWirth, a unit of Akastor ASA, has appointed Merrill A. “Pete” Miller Jr. as Executive Chairman and Eirik Bergsvik as CEO.Akastor Chairman Kristian Røkke said, 'Pete Miller has an incredible track…
Global offshore contract driller Rowan Companies announced that ExxonMobil has exercised the third of four options for the Rowan Relentless, an R-Class ultra-deepwater drillship.The option will be used for operations in the US Gulf of Mexico and has an expected duration of 180 days…
Semi-submersible drilling rig Ocean Apex, operated by Diamond Drilling, has been contracted by BP Developments Australia, for the drilling of the Ironbark prospect in exploration permit WA-359-P, in the Carnarvon Basin offshore Western Australia…
Offshore driller Rowan Companies announced Tuesday that its R-Class ultra-deepwater drillship Rowan Renaissance has been awarded a one-well contract to drill offshore Mexico for PC Carigali Mexico Operations, S.A. de C.V. (Petronas).The contract…
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