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Spirit Energy Up for Sale

Nov 11, 2019

Energy group Centrica and Stadtwerke Muenchen (SWM) Group have launched the sale of Spirit Energy, one of the North Sea's biggest oil and gas producers, according to a document sent to prospective buyers seen by Reuters.Spirit Energy currently produces around 130,000 barrels of oil equivalent per day (boed) which is set to taper off to around 100,000 boed by 2025, although it also comes with 270 million boe in so-called 2P reserves…

Tullow Oil Shares Sink

few minutes ago

Tullow Oil cut its outlook for production and cash flow because of persistent problems in Ghana, while revealing that the quality of oil recently discovered in Guyana was heavy in nature, sending its shares down more than 20%.Commenting for…

CGG Grows Middle East Footprint

Nov 12, 2019

Geophysical services company CGG said it is bringing its integrated geoscience offering for exploration, field development and production optimization directly to the doorstep of national and independent oil companies in the Middle East, with…

Polarcus Signs MOU with ARGAS

Nov 12, 2019

Marine geophysical company Polarcus said it has signed a Memorandum of Understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the Middle East and NOrth Africa (MENA) region.Polarcus provides…

Injazat, Lamprell Partner on Digitization

Nov 12, 2019

Lamprell, a provider of fabrication, engineering and contracting services to the offshore and onshore oil and gas and energy sector, said it is partnering with digital solutions and services company Injazat  to create and market digital solutions focused on the oil and gas and renewables markets…

Bourbon Commits 100+ Vessels to Fleet Xpress

Nov 11, 2019

Marine services firm Bourbon has signed a contract committing more than 100 offshore support vessels (OSVs) to Inmarsat’s Fleet Xpress, the maritime broadband service that combines the speed of Ka-band with continuous back up from Inmarsat’s FleetBroadband operating on L-band…

Delek Completes Chevron North Sea Acquisition

Nov 10, 2019

Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.Delek said the deal, backdated to Jan. 1…

Icahn Sells Nearly a Third of His Oxy Stake

Nov 08, 2019

Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp's board over its $38 billion acquisition of Anadarko Petroleum, cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders released on Friday…

Equinor Begins Search for New CEO

Nov 08, 2019

Norwegian oil producer Equinor has started a search for a new chief executive, the Stavanger Aftenblad newspaper reported on Friday, citing unnamed sources.CEO Eldar Saetre, 63, who led the company through the oil market's downturn in 2014-2016…

SBM Wins Guyana FPSO Contract from Exxon

Nov 07, 2019

SBM Offshore announced on Thursday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the company contracts to perform front end engineering and design (FEED) for a third floating production, storage and offloading vessel (FPSO) in Guyana…

Subsea 7 Eyes 2020 Rebound

Nov 07, 2019

Offshore services provider Subsea 7 cut its 2019 revenue outlook on Thursday but predicted a rebound next year as demand for oilfield services and from renewable energy providers is set to increase, boosting its shares almost 6%.Subsea 7 now expects a slight decline in revenue this year from 2018…

McDermott Appoints Krummel as CFO

Nov 06, 2019

McDermott International announced the appointment of Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President, Finance and Chief Accounting Officer…

Peritus Names Regional Managing Director

Nov 06, 2019

Subsea and field development planning services provider Peritus International announced that Matthew Rawlings will be joining Peritus’ Perth office as Australia Pacific Regional Managing Director.Peritus has over 30 years' experience in the…

Borr Drilling CFO Resigns

Nov 06, 2019

Drilling contractor Borr Drilling announced that Rune Magnus Lundetræ will step down from his position as Chief Financial Officer. Lundetræ, who has been with the company since 2016, will continue in his position while the company finds a replacement, the company said.

Saudi Aramco Kick-starts IPO

Nov 03, 2019

Saudi Arabia's giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world's biggest listing as the kingdom seeks to diversify its economy away from oil…

Current News

Pirates Attack OSV in the Gulf of Mexico

Pirates Attack OSV in the Gulf of Mexico

Tullow Oil Shares Sink

Tullow Oil Shares Sink

Shell Contracts Maersk Developer

Shell Contracts Maersk Developer

TechnipFMC Sells Subsea Vessel

TechnipFMC Sells Subsea Vessel

G42, ADNOC JV for AI in Oil and Gas

G42, ADNOC JV for AI in Oil and Gas

E.ON, RWE Renewables Sign Clean Power Deal

E.ON, RWE Renewables Sign Clean Power Deal

Bosch Rexroth Bags Fugro Contract

Bosch Rexroth Bags Fugro Contract

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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