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BW Offshore Cleared to Buy Brazil Oilfield

Mar 06, 2019

Norway's BW Offshore has won approval from Brazil's antitrust watchdog Cade to buy the Maromba oilfield from Petrobras and Chevron, according to a statement in the official gazette on Wednesday.Petrobras has a 70 percent stake in the field, while Chevron has a 30 percent stake…

Pioneering Spirit Shifts to the North Sea

Mar 06, 2019

The world's largest heavy lift and pipelay vessel, Pioneering Spirit, will take a temporary pause from Nord Stream 2 pipelaying activities in the Swedish Exclusive Economic Zone to perform planned platform lift work in the North Sea.The Allseas-owned vessel…

Subsea 7 Wins Three Woodside Contracts

Mar 06, 2019

Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…

ExxonMobil Plans Big 2020 Capex Boost

Mar 06, 2019

Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company's shares fell after he laid out a strategy to 'lean in' while the rest of the industry cuts back.Exxon shares fell more than 1…

Kraken Receives $2.3 Mln from Ocean Infinity

Mar 05, 2019

Kraken Robotics Inc. announced Tuesday it has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants that had been issued in connection with the company’s private placement of units to Ocean Infinity in June 2018.…

Bristow Taps Miller as CEO

Mar 05, 2019

Offshore helicopter services provider Bristow Group has named L. Don Miller as its new President and Chief Executive Officer and appointed him as a member of the Board of Directors.Miller, who was previously the company's Senior Vice President and Chief Financial Officer…

BP Partners with Enpro on FAM Technology

Mar 05, 2019

BP and Enpro Subsea have executed a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Flow Access Module (FAM) technology to enable fast track, capital efficient subsea tiebacks.Enpro said…

Ampelmann Wins Mexico Contract

Mar 04, 2019

Dutch offshore access provider Ampelmann announced Monday it has secured its first contract in Mexico. An A-type system has been mobilized on a flotel and will operate for two months, enabling the installation of an oil and gas platform.The fully motion compensated A-type system…

Subsea Supply Chain Tightening -Proserv

Mar 04, 2019

As exploration and production (E&P) activity in the offshore oil and gas industry gradually accelerates, the global subsea sector is set to face supply chain challenges, predicts controls technology company Proserv.Industry consultants have…

US Rig Count Lowest Since May 2018

Mar 01, 2019

U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.Drillers cut 10 oil rigs in the week to March 1…

Aker BP Awards PSV Frame Agreements

Mar 01, 2019

Aker BP ASA announced it has awarded frame agreements with three suppliers for the provision of platform supply vessels (PSV), in a move that aims to reorganize the value chain.The three suppliers Simon Møkster Shipping AS, Eidesvik Offshore…

Petrobras Divestment Plan Pushing Ahead

Mar 01, 2019

Petroleo Brasileiro SA is expanding its ambitious divestment program and has 'bold' plans for future sales, the Brazilian state-run oil company's chief executive said after the firm reported its first annual profit in five years.On a post-results conference call with analysts on Thursday…

Aker BP Switching Gears

Mar 01, 2019

Norwegian oil and gas company Aker BP is switching emphasis from M&A towards exploration, taking a potentially riskier path to increase its resources after years when it has relied on acquisitions to add the bulk of its new barrels.The company…

TechnipFMC Wins EPCIC Contract for Tortue/Ahmeyim FPSO

Mar 01, 2019

TechnipFMC announced Friday it has been awarded a contract from BP for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed for the Greater Tortue Ahmeyim project offshore West Africa…

Dutch Prosecutors Target Shell Over Nigeria Oil Deal

Mar 01, 2019

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over the $1.3 billion acquisition of an Nigerian offshore oilfield, ramping up pressure on the energy firm that already faces bribery charges in Italy over the case.Within hours of Friday's announcement on the Nigerian case…

Current News

OGA Grows Collaboration with Renewables

OGA Grows Collaboration with Renewables

Gardline Surveying for i3

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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