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Murphy Oil Sells Malaysian Assets

Mar 21, 2019

Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer, PTT Exploration and Production Public Co Ltd, will also pay Murphy up to $100 million in bonus if certain exploration projects show results before October 2020…

Aker BP Restructures Safe Scandinavia Options

13 hours ago

Semi-submersible accommodation vessel owner and operator Prosafe said it has reached an agreement with Norwegian focused exploration and production company Aker BP to restructure the remaining seven one-month options for the Safe Scandinavia…

Schlumberger, Rockwell Form Automation JV

Mar 21, 2019

Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital oilfield automation solutions provider.The new Houston based joint venture…

Expro Promotes Two Execs

Mar 21, 2019

Oilfield services company Expro announced Thursday it has promoted two company executives.Current Executive Vice President, Alistair Geddes, has been promoted to Chief Operating Officer (COO) with immediate effect, and Keith Palmer has been…

Ophir Agrees to be Bought by Medco

Mar 21, 2019

London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer.Under the terms, Ophir shareholders will receive 57…

MeeMaken Buys Into Blue Offshore

Mar 21, 2019

Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.Blue Offshore, headquartered in The Hague…

Wintershall Dials In On Brazil Offshore

Mar 21, 2019

BASF's oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018.'It is part of our growth course that we are also active in new regions…

UK Offshore Needs £200 Bln Investment -Report

Mar 20, 2019

Exploration and production companies in the UK offshore oil and gas sector will need to invest £200 billion in existing operations and new opportunities to sustain the next generation of productive life, according to a recent industry report…

TechnipFMC Wins Johan Sverdrup 2 Contract

Mar 20, 2019

TechnipFMC said on Wednesday it has secured a contract from Norwegian operator Equinor for the delivery and installation of the subsea production system the at Johan Sverdrup Phase 2 development offshore Norway.The award covers the delivery…

Pioneering Spirit Gets a Scrub Down

Mar 19, 2019

The world's largest vessel, Pioneering Spirit, received a robotic hull cleaning during a recent port call in Rotterdam.The Allseas owned multipurpose vessel, which is on a temporary break from Nord Stream 2 pipelaying activities, made a stop…

Petrobras Names Former Vale Exec as CFO

Mar 19, 2019

Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, named Andrea Marques de Almeida, an engineer and former executive at mining company Vale SA, as its new chief financial officer, according to a securities filing.Andrea Almeida will replace Rafael Salvador Grisolia…

Wood's Profit Beats Estimates

Mar 19, 2019

Wood Plc's 2018 profit topped market expectations as the British oilfield and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from the deal.Aberdeen…

Woodside Invests in Cyber Security

Mar 18, 2019

Australia's largest independent oil and gas company said it has invested in a Western Australian company specializing in the protection and security of critical infrastructure.Woodside will take a 10% shareholding in Sapien Cyber, subject to satisfaction of conditions precedent…

Rever Offshore Names MacLeod CEO

Mar 18, 2019

Subsea services provider Rever Offshore, formerly Bibby Offshore, said on Monday it has appointed Barry MacLeod as its new chief executive officer, replacing Mark Bessell, who stepped down from the role last month, for personal reasons.MacLeod’s…

Urquhart Joins Reactive Downhole Tools

Mar 18, 2019

well completion solutions provider Reactive Downhole Tools announced MOnday it has appointed Niall Urquhart as VP Eastern Hemisphere.Urquhart brings to the position more than 10 years of experience in the oil and gas sector, including project engineer for Baker Hughes…

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OGA Grows Collaboration with Renewables

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Gardline Surveying for i3

Archer CEO Lechner Resigns

Archer CEO Lechner Resigns

Aker BP Restructures Safe Scandinavia Options

Aker BP Restructures Safe Scandinavia Options

Mexico Could Pay Pemex Debt from Stabilization Fund

Mexico Could Pay Pemex Debt from Stabilization Fund

Decommissioning Activity High

Decommissioning Activity High

Nigeria Aims to Cut National Oil Company Shareholding

Nigeria Aims to Cut National Oil Company Shareholding

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